[
    {
        "role": "user",
        "content": "What%20was%20the%20trade%20deficit%20between%20Canada%20and%20the%20United%20States%20in%202024%3F"
    },
    {
        "role": "assistant",
        "content": "In 2024, the trade relationship between the United States and Canada showed the following key figures relating to trade deficits:\n\n- In terms of goods (merchandise trade), the U.S. ran a merchandise trade **deficit of about US $64.2 billion** with Canada. ([international.canada.ca](https://international.canada.ca/en/global-affairs/corporate/transparency/briefing-documents/briefing-books/2025-05-international-trade?utm_source=openai))  \n- When including goods *and services*, the U.S. recorded a larger deficit with Canada\u2014namely **US $63.3 billion** of total trade deficit in 2024. ([bea.gov](https://www.bea.gov/news/2025/us-international-trade-goods-and-services-december-and-annual-2024?utm_source=openai))  \n\nIf by \u201ctrade deficit\u201d you meant one specific category\u2014goods, or goods plus services\u2014let me know and I can pull up the exact figure."
    },
    {
        "role": "user",
        "content": "What%20about%20oil%3F%20What%20would%20happen%20if%20you%20factored%20oil%20out%20of%20those%20numbers%3F"
    },
    {
        "role": "assistant",
        "content": "If you exclude oil (and more broadly, energy/energy-related goods) from the U.S.-Canada trade balance in 2024, the trade picture shifts significantly. Here are the details and calculations based on recent data:\n\n---\n\n## Key figures\n\n- The U.S. had a **goods and services trade deficit** with Canada in 2024 of about **US $63.3 billion**. ([bea.gov](https://www.bea.gov/news/2025/us-international-trade-goods-and-services-december-and-annual-2024?utm_source=openai))  \n- The value of U.S.-Canada energy trade in 2024\u2014imports of energy (mainly crude oil, natural gas, petroleum products) from Canada plus U.S. exports to Canada\u2014was approximately **US $151 billion**. Within that:\n  - U.S. imports of energy from Canada \u2248 **US $124 billion** ([eia.gov](https://www.eia.gov/todayinenergy/detail.php?id=65825&utm_source=openai))  \n  - U.S. exports of energy to Canada \u2248 **US $27 billion** ([eia.gov](https://www.eia.gov/todayinenergy/detail.php?id=65825&utm_source=openai))  \n\nSo net energy imports from Canada (the amount by which U.S. energy imports from Canada exceed U.S. energy exports to Canada) is about **US $97 billion** in 2024. ([eia.gov](https://www.eia.gov/todayinenergy/detail.php?id=65825&utm_source=openai))\n\n---\n\n## What happens if you factor oil/energy out\n\nIf you \u201cremove\u201d energy trade between the two countries from the overall U.S. deficit:\n\n- Start with the U.S. trade deficit with Canada: **\u2013US $63.3 billion** ([bea.gov](https://www.bea.gov/news/2025/us-international-trade-goods-and-services-december-and-annual-2024?utm_source=openai))  \n- Subtract the net energy imports from Canada (\u2248US $97 billion):  \n  \u2212 US $63.3B \u2212 (\u2212US $97B) = **US $33.7 billion** surplus  \n\nThis implies that without energy products, the U.S. would have had about a **US $33.7 billion trade surplus** with Canada in 2024.\n\n---\n\n## Supporting sources\n\n- A report from the C.D. Howe Institute concluded that *without energy trade (oil/gas, fuels, electricity)*, the United States would have registered a **US $63.2 billion surplus** with Canada in goods and services in 2024: US $28.3 billion surplus in goods and US $34.9 billion surplus in services. ([cdhowe.org](https://cdhowe.org/publication/us-runs-trade-deficit-with-canada-in-2024-but-would-have-logged-a-surplus-without-energy-imports/?utm_source=openai))  \n- Another report, cited in Canadian government materials, found that excluding energy trade, the U.S. actually held a **US $47 billion merchandise trade surplus** with Canada in 2024. ([ised-isde.canada.ca](https://ised-isde.canada.ca/site/ised/en/parliamentary-committee-briefing-materials/appearance-standing-committee-international-trade-ciit-minister-industry-and-minister-responsible?utm_source=openai))  \n\n---\n\nIf you want the numbers broken down specifically for crude oil only (excluding other forms of energy), or by sector (e.g. services, manufactured goods), I can pull those too."
    }
]