Market Information: USA
Profile
Capital:
Washington D.C.
Population:
319.0 million
Language(s):
English
Government:
Constitution based Federal Republic
Head of State & Government:
President Barack Obama
Currency: US dollar (USD)
CDN$1 = 0.84 USD (April 2015)
GDP: (biillion)
$19, 238.6 (2014)
GDP per capita:
$60, 300 (2014)
GDP growth rate:
2.4% (2014)
Unemployment:
6.2% (2014)
Inflation:
1.6% (2014)
Market opportunities
- Aerospace
- Machines agricoles
- Agriculture, Food and Beverages
- Automotive
- Clean-technologies
- Defence and Security
- Education
- Information and Communication Technology (ICT)
- Infrastructure, Building Products and Related Services
- Life Sciences
- Oil and Gas
- Transportation
Trade and investment
- In 1987, Canada and the United States agreed to the Canada-United States Free Trade Agreement (CUSFTA).
- In 1994, the Canada-U.S. Free Trade Agreement was superseded by the North American Free Trade Agreement (NAFTA) which included Mexico.
- Manitoba-United States two-way trade was more than $25.4 billion in 2014.
- In 2014, the United States was the largest destination for Manitoba’s domestic exports.
- In 2014, Manitoba exports to the United States exceeded $9.1 billion. Main export products included crude petroleum oils, aircraft parts, rape (canola)/colza/mustard oil, fharvesting/threshing machinery and electrical energy.
- Manitoba imported $16.3 billion worth of goods from the United States in 2014. Top imported products included: harvesting/threshing machinery, tractors, passenger motor vehicles, pesticides.
- Manitoba accounted for approximately 2.4% of Canada’s exports to the United States in 2014.
