Canada continues to be the largest market for U.S. exports, with almost $250 billion* in the trade relationship, which saw U.S. exports to Canada dip to $204 billion during the peak of the recession in 2009. But what exactly are Canadians buying from the U.S.? Here’s a list of the top product categories based on data collected by the U.S. Department of State:
- Automotive parts and accessories
- Motor Vehicles and Spare Parts
- Industrial and electrical machinery
- Petroleum Products
- Natural Gas
- Agricultural Products
Does your business not fall into any of these product categories? Not to worry. Canadian consumers are exhibiting a very strong appetite for all things American, and a new found passion for e-Commerce. According to Statistics Canada, Canadians placed more than 95 million online orders last year, which marked a 32 percent increase over the year prior. And, a report by Canada Post found that Canadian internet shoppers tend to spend more – about 47 percent more – than their U.S. counterparts.
*Figure is based on U.S. Census Bureau data.