• Canada–U.S. trade supported 7.1 million U.S. jobs
• Total Canada–U.S. merchandise trade: $535 billion
• 147,750 Indiana jobs are supported by Canada–U.S. trade
• Canada is Indiana’s largest foreign export market
• Canadians made more than 196,400 visits to Indiana, spending $53 million
• Indiana residents made 207,100 visits to Canada, spending $121 million

A Close Relationship

2007 was a profitable year for Indiana and Canada as bilateral trade flows continued their upward momentum reaching $17.9 billion, an increase of 8% from the previous year. Canada was the state’s most important trading partner, purchasing over 40% of Indiana’s foreign-bound goods. In fact, the state sold more products to its northern NAFTA partner than to its next ten international markets combined.

Revving up trade

The transportation sector was dominant in 2007 with two–way exchanges reaching a new high — $7.6 billion. Indiana, a noted leader in the manufacture of motor vehicles and related parts, supplied Canada with $1.2 billion in trucks and automobiles. The partners also shared significant trade in auto parts — the state sent almost $3 billion worth to Canada and imported $1.5 billion. The exchange in motor vehicle parts and components promoted "just in time" inventories, while overall trade in transportation goods benefitted consumers and added jobs on both sides of the border.

An iron clad partnership

Metals emerged as the state’s leading import and second largest export sector. Indiana supplied its northern neighbor with $1.4 billion in metals, led by $313 million in steel plate, sheet and strip, and $151 million in aluminum, including alloys. Canadian foundries sold $1.8 billion in metals to the state, composed primarily of aluminum, copper and zinc, all including alloys.

The Hoosier State

With its scenic getaways and motor racing history, Indiana was an attractive tourist destination for Canadians. They made 196,400 visits to the Hoosier State and contributed $53 million to Indiana’s economy in 2007. Conversely, residents of Indiana made 207,100 visits to their northern getaway and contributed $121 million to the Canadian economy.

Canada–Indiana Success Stories

In December, 2007, Canadian-based grain handling equipment manufacturer Ag Growth Industries (Winnipeg, MB), announced plans to locate a new manufacturing facility in Union City, IN that would create more than 70 new jobs by 2010. The company manufactures and distributes augers, conveyors, grain storage bins and other grain handling equipment.

Canadian water botter Ice River Springs (Feversham, ON), will locate a new water bottling operation in Kentland, IN, creating up to 100 new jobs. The Ontario-based bottler will invest more than $20 million. The Indiana location will reduce freight costs, fuel consumption and emissions to better serve the U.S. market. Ice River Springs is Canada’s largest privately owned water bottling company with operations in Ontario and British Columbia.

In fall 2007, Franklin Electric Co. (Bluffton, IN), the world’s largest manufacturer of submersible electric motors and a leading supplier of water pumping and fuel pumping systems, acquired the pump division of Monarch Industries Limited of Winnipeg, MB. In 2006, Monarch’s pump division revenues were $30 million. Franklin serves customers around the globe in residential, commercial, agricultural, industrial, municipal and fueling applications. Monarch operates plants in Manitoba. It will continue to manufacture and market hydraulic cylinders; raw and machined iron castings and residential cement mixers across North America under the trade names, "Monarch," "Lion Hydraulics," "Big Cat," and "Black Lynx."

June 2008

Tourism

• 196,400 Indiana visits by Canadians, $53 million spent
• 207,100 Indiana visits to Canada, $121 million spent

Jobs

• Indiana jobs supported by Canada–U.S. trade: 147,750

Merchandise Trade

• Exports to Canada: $10.3 billion
• Imports from Canada: $7.6 billion
• Bilateral trade: $17.9 billion
• Largest export market: Canada

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Merchandise trade and tourism figures are from Statistics Canada, converted at the rate of US$1.00=C$1.0749. Merchandise trade is based on total exports and imports for the year 2007. Job numbers are based on 2005 data from a 2006 study commissioned by the Canadian Embassy. Canada’s export ranking is from the World Institute for Strategic Economic Research (WISER). All figures are in U.S. dollars. Figures may not add up due to rounding.