State trade fact sheets - Colorado
- 252 Canadian-owned businesses employ 20,883 workers in Colorado
- Canada is the #1 customer for most states,
- Over 76% of U.S. imports from Canada are goods that are used in the production of other goods
- Canada sells more to Colorado than it sells to South Korea
Canada “Cleans Up” at Cleantech Competition
Despite the pandemic changing how meetings happen, the Colorado Oil & Gas Cleantech Challenge found a way to move forward. The program is dedicated to providing innovative clean technology solutions to the oil and natural gas industry. Hosted by the Colorado Cleantech Industries Association, the 2020 Challenge was won by Montreal-based nanotechnology firm FLITE Material Sciences. FLITE uses laser technology to protect surface materials from corrosion, rusting and ice by altering the surface topology of materials (such as metals, glass and plastics) to attract or repel water and oil without the use of chemical coatings. This makes the promising tech an environmentally-friendly solution for a broad range of industries, including oil & gas, aerospace, semiconductors, food/beverage and the medical device industry, to name a few.
Canada and the U.S.: There for Each Other
In 2020, Canada and the U.S. again worked together as the COVID-19 pandemic took hold across the world. Canada and the U.S. preserved supply chains across the border, deeming trucking essential. Canada and the U.S. traded important inputs for the production of personal protective equipment and medical equipment, maintaining a thriving bilateral trade in finished goods. Soon after the outbreak, the Canadian Institutes of Health Research began awarding grants to joint research projects proposed by Canadian and U.S. institutions to try and find an end to the virus.
No matter our shared challenges and as we have done in times of crisis, Canada and the U.S. will continue to support one another as friends, partners and allies.
A Deeper Dive into Trade
Canada and Colorado have great energy, literally-speaking. A whopping 55% of the Centennial State’s imports from Canada in 2020 were energy-related, translating to approximately $1.6 billion in economic value. The bulk of that was in crude petroleum, which is sent to Colorado’s only refinery: the Suncor facility in Commerce City. Through the refinery, Canadian-based Suncor employs more than 450 local workers, is a major supplier of gasoline and diesel fuel for Colorado, provides the jet fuel used at Denver International Airport, and asphalt for Colorado’s roads. Other major Canadian traditional energy firms operating in Colorado include Calfrac Well Services Corp (700+ employees.)
Colorado exports $1.3 billion in goods to Canada annually
Colorado exports to Canada by industry
- Agriculture: 34%
- Chemicals: 7%
- Equipment & machinery: 34%
- Minerals & metals: 8%
- Plastics & rubbers: 3%
- Transportation: 6%
- Other: 8%
Colorado imports $2.9 billion in goods from Canada annually
Colorado imports from Canada by industry
- Agriculture: 8%
- Energy: 55%
- Equipment & machinery: 11%
- Forest products: 9%
- Minerals & metals: 3%
- Transportation: 3%
- Other: 11%
Top Colorado goods exports to Canada
- Animal meats: $341 million
- Optical, medical & precision instruments: $154 million
- Engines & turbines: $47 million
- Iron & steel tubes, pipes & sheets: $38 million
- Plastics & plastic articles: $35 million
- Pharmaceutical products: $26 million
- Aircraft & parts: $24 million
- Aluminum & aluminum articles: $24 million
- Trucks: $23 million
- Pasta, breads & cereal preparations: $19 million
Top Colorado goods imports from Canada
- Crude petroleum: $1.6 billion
- Wood & semi-finished wood products: $157 million
- Softwood lumber: $101 million
- Furniture & bedding: $78 million
- Optical, medical & precision instruments: $66 million
- Plastics & plastic articles: $54 million
- Animal meats: $48 million
- Live animals: $42 million
- Pasta, breads & cereal preparations: $42 million
- Engines & turbines: $37 million
Colorado exports $1.3 billion in services to Canada annually
Top Colorado services exports to Canada
- Travel Services: $372 million
- Business & Professional Services: $315 million
- Tech Services: $187 million
- Royalties: $160 million
- Transportation Services: $146 million
For more information on Coloradoâ€™s trade with Canada, please contact our trade team in Denver.
- Unless otherwise mentioned, all figures are based on 2020 data in U.S. dollars.
- U.S. Census Bureau: goods trade, Canadaâ€™s export ranking (2/2021 release).
- The Trade Partnership: 2019 services exports (estimated, 2/2021 release).
- Dun + Bradstreet: Canadian-owned businesses (3/2021 release).
- Figures may not add up due to rounding.
- Date Modified: