State trade fact sheets - Maine
- 96 Canadian-owned businesses employ 8,034 workers in Maine
- Canada is the #1 customer for most states,
- 76% of Canadian exports to the U.S. are raw materials, parts, and components used to create other goods in the United States
- Maine sells more goods to Canada than to all other countries combined
Manulife Buys Maine Timberland for Carbon Sequestration
Hancock Natural Resource Group Inc., a subsidiary of Manulife Financial Corp. has bought a large tract of forest in Maine to maintain as a carbon sink and source of revenue from third-party emitters seeking offsets in a growing voluntary market. The Boston-based Hancock Natural Resource Group Inc. has acquired more than 36,000 hectares of timberland along the border with Quebec. It will use the investment to generate income from selling carbon offsets and harvesting timber. The voluntary carbon offset market, where companies can purchase credits to counteract their own emissions, is worth billions of dollars and expected to grow in the future.
Building a New Bridge Between Maine & Canada
After nearly a century of wear and tear, the Madawaska-Edmunston International Bridge over the St. John River will be dismantled to make way for a new one. The project will be funded in part by a $36 million grant from the U.S. Department of Transportation and officials are talking with counterparts in Canada about how to split the remaining $38 million. The present 942-foot-long bridge serves as a vital link to Canada for Maine companies such as Twin Rivers Paper Co., one of the largest employers in northern Maine. Construction of the new bridge began in June 2021 and is expected to be completed by the end of 2023.
LL Bean Expands to Canada
LL Bean, the iconic outdoor outfitter from Freeport, Maine, has integrated into the Canadian market with several successful endeavors since 2018. They launched a Canadian e-commerce site in the fall of 2018, followed by the launch of a Canada-specific catalog and the opening of the first Canadian store in 2019. The company has nine stores across the country.
Maine exports $1.6 billion in goods to Canada annually
Maine exports to Canada by industry
- Agriculture: 38%
- Energy: 12%
- Equipment & machinery: 6%
- Forest products: 26%
- Minerals & metals: 3%
- Transportation: 11%
- Other: 4%
Maine imports $4.2 billion in goods from Canada annually
Maine imports from Canada by industry
- Agriculture: 12%
- Chemicals: 3%
- Energy: 54%
- Equipment & machinery: 3%
- Forest products: 18%
- Minerals & metals: 3%
- Other: 7%
Top Maine goods exports to Canada
- Fish & crustaceans: $514 million
- Natural gas & other gases: $180 million
- Paper & paperboard: $158 million
- Wood & semi-finished wood products: $138 million
- Aircraft & parts: $110 million
- Wood pulp: $62 million
- Softwood lumber: $39 million
- Fruits & nuts: $31 million
- Optical, medical & precision instruments: $18 million
- Plastics & plastic articles: $16 million
Top Maine goods imports from Canada
- Fuel oil: $1.9 billion
- Wood pulp: $274 million
- Softwood lumber: $256 million
- Fish & crustaceans: $240 million
- Electricity: $217 million
- Natural gas & other gases: $120 million
- Wood & semi-finished wood products: $108 million
- Paper & paperboard: $105 million
- Plastics & plastic articles: $75 million
- Petroleum coke & bitumen: $64 million
Maine exports $161 million in services to Canada annually
Top Maine services exports to Canada
- Transport: $75 million
- Business services: $26 million
- Travel (including for eduction): $21 million
- Charges for the use of intellectual property: $13 million
- Financial services: $12 million
Connect to our team
For more information on Maine’s trade with Canada, please contact our trade team in Boston.
- Unless otherwise mentioned, all figures are based on 2021 data in U.S. dollars.
- U.S. Census Bureau: goods trade, Canada’s export ranking (2/2022 release).
- The Trade Partnership: 2019 services exports (estimated, 11/2021 release).
- Dun + Bradstreet: Canadian-owned businesses (3/2022 release).
- Figures may not add up due to rounding.
- Date Modified: