Total Canada-U.S. trade in goods and services fell to $322.8 billion in Q1 2026, with exports at $169.6 billion and imports at $153.1 billion, marking a decline of nearly $2 billion since early 2024.
Total Canada-U.S. trade in goods and services fell to $322.8 billion in Q1 2026, with exports at $169.6 billion and imports at $153.1 billion, marking a decline of nearly $2 billion since early 2024.
Why it matters in Alberta
Figures reported by Canadian Manufacturing citing national trade statistics for the first quarter of 2026.
Who it affects
Alberta exporters and manufacturers dependent on U.S. trade flows.
What this means for you
Agri-Food & Consumer Products
A shrinking Canada-U.S. trade total suggests headwinds for cross-border agri-food shipments. Revisit contracts and buyer relationships tied to the U.S. market and explore messaging that emphasizes market diversification.
Industrial & Energy Manufacturing
Falling Canada-U.S. trade volumes signal softer demand or tighter competition south of the border. Reassess your U.S. sales pipeline and consider highlighting alternative markets or supply chain reliability in your positioning.
The opening
A softening U.S. trade relationship may prompt Alberta exporters to reassess market concentration and messaging around resilience or diversification.
Primary source
Apply this to your business
Review U.S. market exposure and evaluate diversification opportunities.