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2022
Exports $812MWorld Rnk 9 / 194
Flag Rnk 114 / 1210
2022
Destination $142M United States
2021 - 2022
FASTEST GROWING MARKET $142MUnited States
2022
PRODUCT COMPLEXITY IN Harvesting Machinery0.77Rnk 257 / 1025
2022
Imports $2.14BWorld Rnk 4 / 222
Flag Rnk 47 / 1213
2022
Origin $359M United States
2021 - 2022
FASTEST GROWING ORIGIN $359MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $812M in Harvesting Machinery, making it the 9th largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 114th most exported product in Canada. The main destination of Harvesting Machinery exports from Canada are: United States ($555M), Australia ($91.6M), Netherlands ($47.9M), Brazil ($30.6M), and Kazakhstan ($12.2M).

The fastest growing export markets for Harvesting Machinery of Canada between 2021 and 2022 were United States ($142M), Netherlands ($23.1M), and Australia ($22.5M).

Imports In 2022, Canada imported $2.14B in Harvesting Machinery, becoming the 4th largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 47th most imported product in Canada. Canada imports Harvesting Machinery primarily from: United States ($1.67B), China ($116M), Germany ($71.7M), Belgium ($65.2M), and Italy ($43.9M).

The fastest growing import markets in Harvesting Machinery for Canada between 2021 and 2022 were United States ($359M), Belgium ($13.1M), and Italy ($12.1M).

COMPANIES In 2023, leading companies such as CNH Industrial (6), GE RENEWABLES NORTH AMERICA LLC (6), and John Deere (4) were at the forefront of shipping Harvesting Machinery from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Harvesting Machinery exports accounted up to C$117M and imports accounted up to C$377M, resulting in a negative trade balance of C$260M. Between June 2023 and June 2024 the exports of Canada's   Harvesting Machinery have increased by C$10.2M (9.52%) from C$107M to C$117M, while imports decreased by C$-39.1M (-9.4%) from C$416M to C$377M.

Destinations In June 2024, Harvesting Machinery were exported mostly to United States (C$64M), Australia (C$39.7M), Netherlands (C$3.94M), Kazakhstan (C$2.17M), and South Africa (C$2.11M), and were imported mostly from United States (C$216M), Germany (C$88.4M), Belgium (C$23.6M), Italy (C$12.2M), and China (C$7.9M).

Growth In June 2024, the increase in Harvesting Machinery's year-by-year exports was explained primarily by an increase in exports to United States (C$41.3M or 121%), Australia (C$6.98M or 415%), and Brazil (C$5.48M or 412%). In June 2024, the decrease in Harvesting Machinery's year-by-year imports was explained primarily by a decrease in imports from Poland (C$-1.03M or -51.6%), Italy (C$-676k or -14.6%), and New Zealand (C$-487k or -85.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$10.2M(9.52%)
IMPORT GROWTH (June 2023 - June 2024)C$-39.1M(-9.4%)
MAIN EXPORTER (June 2024)ManitobaC$127M
MAIN DESTINATION (June 2024)United StatesC$64M

This section shows Harvesting Machinery's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Harvesting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$812M
IMPORTS (2022)$2.14B
NET TRADE (2022)-$1.33B

In 2022, Canada exported $812M in Harvesting Machinery. The main destinations of Canada exports on Harvesting Machinery were United States ($555M), Australia ($91.6M), Netherlands ($47.9M), Brazil ($30.6M), and Kazakhstan ($12.2M).

In 2022, Canada imported $2.14B in Harvesting Machinery, mainly from United States ($1.67B), China ($116M), Germany ($71.7M), Belgium ($65.2M), and Italy ($43.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$142M (34.3%)
Netherlands$23.1M (93.5%)
Australia$22.5M (32.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY Canada WERE (2021 - 2022):
Russia-$18.1M (-88.2%)
United Arab Emirates-$3.9M (-92.5%)
Latvia-$2.44M (-72.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Harvesting Machinery were:
Germany $5.01B
United States $4.73B
China $4.04B
In 2022, Canada's main importing competitors in Harvesting Machinery were:
United States $4.28B
Germany $2.68B
France $2.34B

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Trade Value of Harvesting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $154M
TOP IMPORT POTENTIALChina+ $49.7M

Harvesting Machinery’s highest export potential is United States. With an export gap of $154M.   Harvesting Machinery’s highest import potential is China with an import gap of $49.7M.

See methodology.

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