On January 1, 1994, the North American Free Trade Agreement between the United States, Canada, and Mexico (NAFTA) entered into force.All remaining duties and quantitative restrictions were eliminated, as scheduled, on January 1, 2008.NAFTA created the world's largest free trade area, which now links 450 million people producing $17 trillion worth of goods and services.Trade between the United States and its NAFTA partners has soared since the agreement entered into force.

U.S. goods and services trade with NAFTA totaled $1.6 trillion in 2009 (latest data available for goods and services trade combined).  Exports totaled $397 billion. Imports totaled $438 billion.  The U.S. goods and services trade deficit with NAFTA was $41 billion in 2009.

The United States has $918 billion in total (two ways) goods trade with NAFTA countries (Canada and Mexico) during 2010.  Goods exports totaled $412 billion; Goods imports totaled $506 billion.  The U.S. goods trade deficit with NAFTA was $95 billion in 2010.

Trade in services with NAFTA (exports and imports) totaled $99 billion in 2009 (latest data available for services trade).  Services exports were $63.8 billion. Services imports were $35.5 billion.  The U.S. services trade surplus with NAFTA was $28.3 billion in 2009.