The country we choose as the trading partner of Canada is America.
What did they import and export?
Canada exports significant quantities of energy products, for example: oil and natural gas, automobiles and spare parts, lumber, and minerals to America. Conversely, Canada imports machinery and equipment, electronics, automobiles and spare parts, and food products from America.
Why did they become the trading partner?
Canada and the United States have a robust trade relationship, built on geographic proximity, complementary economies, and a shared history. As neighboring countries, the economies of Canada and the United States are closely intertwined, with the United States representing Canada's largest trading partner. This relationship is supported by agreements such as the United States-Mexico-Canada Agreement (USMCA), which was created by America, Mexico, and Canada, and is mutually beneficial for North American workers, farmers, ranchers, and businesses. The new agreement, which entered into force on July 1, 2020, establishes a more balanced environment for trade, supports high-paying jobs for Americans, and facilitates growth in the North American economy. It allows for the free flow of goods and services across borders between the two countries.
Canada exports goods that can be produced at a lower cost in other countries while importing goods that are relatively more expensive to produce domestically. Also, International trade increases the range of choices for consumers. Consumers can also choose goods and services from America, rather than just from the domestic market. These choices can help them get more competitive and suitable products. Imported food products allow consumers to appreciate more flavors from other countries, so international trade with America provides consumers with many choices.