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United States

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of United States
Map of United States

Country Facts

Nominal GDP17,947.00 Billion USD
Population321.34 Million
Total Trade/GDP28.06%
CurrencyUS Dollar (USD)
Merchandise Imports from Canada401,481.92 Million CAD
Canadian direct investment448,513 Million CAD
Main importsConsumer and Capital Goods, Industrial Supplies, Auto & Light Motor-Vehicles

EDC in United States

Canadian companies assisted3,543
International buyers insured25,385
Business volume47,179.78 Million CAD

Business Environment

The United States is the world’s largest economy, accounting for 15.8% of global GDP (in purchasing power parity terms), and is ranked the 7th best country in the world in terms of ease of doing business (World Bank) in 2016. Despite the uncertainty regarding future policy direction sparked by the surprise victory of Mr. Trump in the November 2016 Presidential election, the economic recovery is gaining traction and the American private sector is in great shape with corporate profitability at an all-time high and a record amount of cash. Consumers are also spending more now that the housing market is gaining strength and confidence is positive. Canada and the United States have the largest trading relationship in the world, with over 75% of Canada’s total exports going to the United States in 2015. As a result, we see excellent potential and export investment opportunities that match Canadian potential, which will deepen this already superb trading relationship.

Key Industries

  • Aerospace
  • Automotive & Heavy Truck
  • Food & Beverage
  • Knowledge Based Industries
  • Oil and Gas
  • Telecom

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in the United States. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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Country Risk Quarterly

Country Risk Quarterly

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