Canada-U.S. trade down almost $2 billion since early 2024

OTTAWA — The value of Canada’s trade with the U.S. dropped by almost $2 billion between the first quarter of 2024 and the first three months of 2026.

Rachael Dolan, a spokesperson for Global Affairs Canada, says total trade in goods and services with the U.S. was 0.6 per cent, or $1.9 billion, lower in the first quarter of 2026 than in the same period of 2024.

Total Canada-U.S. trade in goods and services in the first three months of 2026 hit $322.8 billion, which includes $169.6 billion in exports and $153.1 billion in imports.

While Canadian exports to the U.S. declined by 1.6 per cent, or $2.8 billion, imports during that quarter increased by 0.6 per cent, or $935 million.