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On August 27, The Trump administration announced that it had reached a bilateral trade agreement in principle Mexico and pledged to move forward with it regardless of whether Canada joins, potentially upending commercial relations with its top trading partner.

What would a trade deal without Canada look like by the numbers? U.S. trade with its northern neighbor has grown by $200 billion over the past 15 years. U.S. imports from Canada and U.S. exports to Canada totaled over $580 billion in 2017. Excluding Canada from a trade deal with Mexico would leave over half of U.S. trade in the NAFTA region and 15 percent of global U.S. trade outside of a free trade agreement and exposed to additional tariffs.

U.S. Value of Trade with NAFTA Partners, Billions USD
Year Canada Mexico NAFTA region
2002 370.01 232.09 602.10
2003 391.52 235.47 626.99
2004 446.24 266.63 712.87
2005 502.28 290.36 792.64
2006 533.09 331.97 865.07
2007 565.94 346.63 912.58
2008 600.64 367.16 967.80
2009 430.91 305.55 736.45
2010 526.89 393.65 920.54
2011 596.62 461.16 1057.78
2012 616.91 493.47 1110.38
2013 633.26 506.51 1139.77
2014 662.10 536.74 1198.84
2015 577.16 532.89 1110.05
2016 544.52 523.98 1068.49
2017 581.58 557.58 1139.17
Data: U.S. Department of Commerce; Total of trade is the sum of imports and exports.

Notes

For more on the U.S.-Mexico announcement, check out this episode of the Trade Guys podcast, and this analysis by CSIS experts.