Fact Check: Canada's goods exports to the US exceed 400 billion dollars annually.

Fact Check: "Canada's goods exports to the US exceed 400 billion dollars annually."

What We Know

The claim that Canada's goods exports to the United States exceed 400 billion dollars annually is supported by recent trade data. According to the United Nations COMTRADE database, Canada's exports to the U.S. reached approximately US$434.26 billion in 2024. This figure indicates that the claim is accurate for that year. Additionally, a report from TD Economics states that in the first three quarters of 2024, about C$800 billion (approximately US$600 billion) of goods crossed the Canada-U.S. border, which includes both exports and imports, further supporting the significance of trade between the two countries (TD Economics).

Analysis

The evidence presented from the United Nations COMTRADE database is a reliable source as it compiles trade statistics from various countries and is widely used for economic analysis. The figure of US$434.26 billion for 2024 aligns with the claim that Canada’s goods exports to the U.S. exceed 400 billion dollars annually.

Moreover, the TD Economics report provides context by indicating that Canada is the U.S.'s second-largest trading partner and the number one export market. The mention of C$800 billion worth of goods crossing the border in the first three quarters of 2024, which translates to about US$600 billion, reinforces the idea that trade volumes are substantial, although this figure includes both exports and imports (TD Economics).

However, it is essential to note that the claim specifically refers to exports only, while the TD Economics report encompasses total goods traded. Therefore, while the claim holds true based on the export figures, the broader context of total trade should be considered when interpreting these statistics.

Conclusion

Verdict: Unverified
While the claim that Canada's goods exports to the U.S. exceed 400 billion dollars annually is supported by credible data from the United Nations COMTRADE database, the figure is specific to the year 2024. The broader context of trade, including imports, complicates the interpretation of the claim. Therefore, while the claim is accurate for the specified year, it is essential to recognize that trade figures can fluctuate annually and may not consistently exceed this threshold in other years.

Fact Check: Canada's goods exports to the US exceed 400 billion dollars annually.