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Ranked: 10 Most Valuable Goods the U.S. Trades with Canada and Mexico

Visual Capitalist by Visual Capitalist
June 9, 2025
in Visual Capitalist
Reading Time: 11 mins read
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Alan Kennedy
2025-06-09 13:17:00
www.visualcapitalist.com

Published

10 mins ago

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June 9, 2025

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The following content is sponsored by The Greenbrier Companies

sunburst chart that uses data from the Bureau of Transportation Statistics to analyze north american trade by showing the 10 most valuable goods the U.S. trades with Mexico and Canada

10 Most Valuable Goods the U.S. Trades with Canada and Mexico

Key Takeaways

  • The U.S. traded $1.6 trillion of goods between Canada and Mexico in 2024.
  • North American trade centered on vehicles and parts. These were the most valuable goods traded between the countries in 2024–$270 billion.
  • In 2024, the U.S. imported $189 billion worth of motor vehicles and auto parts from Canada and Mexico but only exported $81 billion.

The United States-Mexico-Canada Agreement (USMCA) was signed on July 1st, 2020, redefining North American trade. Now, the U.S. enjoys a healthy trade balance with both nations, importing and exporting $1.6 trillion of goods in 2024 alone.

For this graphic, Visual Capitalist partnered with the Greenbrier Companies to explore North American trade and determine the most valuable commodities.

Trillions in Trade

In 2024, the U.S. traded over $760 billion of goods with Canada and nearly $840 billion with Mexico. Below is a list of the top 10 commodities the U.S. trades with its closest neighbors.

This data was taken from the Bureau of Transportation Statistics and was ranked by the total trade balance of the specific goods.

RankCommodityTotal Trade Value
1Vehicles and Parts*$270B
2Computers and IT Equipment$239B
3Oil and Other fuels$208B
4Machinery$182B
5Special Label Items**$60B
6Plastic Products$59B
7Measuring and Testing Instruments$50B
8Iron and Steel$27B
9Air and Spacecraft Parts$25B
10Furniture$25B

*Railway parts not included. **Items not for sale or that have special handling requirements, such as personal belongings or hazardous materials.

In 2024, these 10 commodities accounted for $1.1 trillion of U.S. trade between Canada and Mexico. But, the most valuable goods traded between the nations were vehicles and parts, totaling $270 billion.

However, the U.S. trade balance for vehicles and parts between its North American neighbors is heavily weighted towards imports. The U.S. imported $189 billion worth of cars and parts from Canada and Mexico but only exported $81 billion.

North America’s auto industry is so valuable because of the interconnectivity of its supply chain. Often, a part crosses the borders between nations several times before being installed.  

Robust International Trade

America’s trade between Canada and Mexico adds trillions of dollars to the nation’s economy every year, driven heavily by the interconnectivity between the three nations’ economies.

America’s 140,000-mile rail network moves hundreds of billions of dollars every year. Rail drives economic growth, strengthens supply chains, and advances a more sustainable future.

Visual Capitalist Logo

Discover the Benefits of Rail

Related Topics: #canada #America #auto industry #trade #mexico #NAFTA #tariffs #transport #usmca #U.S. #rail #greenbrier companies #greeenbrier


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