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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  • In 1994, the Canada-U.S. Free Trade Agreement was superseded by the North American Free Trade Agreement (NAFTA) which included Mexico.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.