Over the past 20 years, the cumulative trade imbalance between the United States and Canada has reflected a series of deficits and surpluses, but overall, the U.S. has experienced a trade deficit with Canada in terms of goods.

Recent reports indicate that the total trade deficit of the U.S. with Canada has averaged around $60 billion to $70 billion annually in recent years. When considering this over the past two decades, a rough cumulative figure can be estimated at approximately $1.2 trillion to $1.4 trillion. This amount represents the cumulative total of annual trade deficits recorded between the two countries since the early 2000s.

The trade dynamics can be nuanced, with the deficit growing in certain periods due to various factors such as economic conditions, trade policies, energy imports, and adjustments in the global supply chain. The U.S. imports goods and services from Canada, including significant amounts of crude oil and natural gas, which have greatly influenced the trade balance.

For detailed statistics and annual breakdowns, the U.S. Census Bureau provides extensive data on trade with Canada, which can be accessed here.

In summary, while the U.S. has maintained a trade deficit with Canada, the relationship is complex, influenced by a myriad of economic factors impacting both nations.

Sources

Trade in Goods with Canada (1985-2024) - U.S. Census BureauU.S. Trade Balance 1970-2025 - MacrotrendsCanada (CAN) and United States (USA) Trade - OEC WorldCanada–United States trade relations - WikipediaCanada Trade Balance [Up-to-date Chart & Data] | 1988 - 2025 - CEICUnited States (USA) and Canada (CAN) Trade - OEC WorldNearly Two Decades of US-Canada Trade Balance Data

Related Questions

What is the trade imbalance between US and Canada?

Has the United States has consistently experienced balance of trade deficits over the past 30 years?

What has the US balance of trade been over the years?