Canada’s trade minister, Mary Ng, has stated that 40% of products exported to the US are compliant with the USMCA agreement.
Additionally, Canada is approaching its goal of increasing non-US exports by 50% by the year 2025.
Usmca Compliance In Canadian Exports
Ng has outlined that nearly half of the goods sent to the United States meet trade requirements under the USMCA deal. This highlights that a large share of exports enjoy tariff benefits and fewer barriers when moving across the border. For businesses relying on this trade route, existing agreements remain a stable and dependable part of operations.
At the same time, Canada is getting closer to its target of boosting shipments to markets outside the US by half before 2025 arrives. This shift suggests a strategy to reduce dependence on a single buyer and diversify trading relationships. Exporters looking beyond North America have likely gained access to new buyers, spread out risks, and reduced exposure to policy shifts in Washington. Other economies now make up a larger share of total exports, and companies focusing on global expansion could see further benefits from this approach.
These changes mean there are two key trends worth monitoring. First, trade with the US continues in a structured and relatively predictable way under USMCA rules. Second, sales to overseas markets are expanding, which introduces new opportunities but also different variables to consider.
Opportunities And Challenges Ahead
For traders, both shifts present opportunities as well as challenges. With USMCA compliance levels high, expectations around access to the US market should remain stable in the short term. Meanwhile, the push for increased non-US trade introduces questions about currency exposure, regional demand, and shifting supply chain dynamics. Those monitoring price movements may find it useful to pay close attention to data linked to these different trade flows in the coming weeks.
