Machinery Having Individual Functions in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $2.26B in Machinery Having Individual Functions, making it the 14th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 40th most exported product in Canada. The main destination of Machinery Having Individual Functions exports from Canada are: United States ($1.75B), China ($59.5M), Germany ($48M), Japan ($44.5M), and United Kingdom ($26.8M).

The fastest growing export markets for Machinery Having Individual Functions of Canada between 2021 and 2022 were United States ($342M), Japan ($27.8M), and Germany ($27M).

Imports In 2022, Canada imported $2.29B in Machinery Having Individual Functions, becoming the 17th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 40th most imported product in Canada. Canada imports Machinery Having Individual Functions primarily from: United States ($1.33B), China ($269M), Germany ($146M), Italy ($101M), and Mexico ($63.1M).

The fastest growing import markets in Machinery Having Individual Functions for Canada between 2021 and 2022 were United States ($141M), China ($37.7M), and United Kingdom ($11.7M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Machinery Having Individual Functions from Canada to the United States.

Latest Trends

August 2024

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Overview In August 2024 Canada's Machinery Having Individual Functions exports accounted up to C$201M and imports accounted up to C$271M, resulting in a negative trade balance of C$70.1M. Between August 2023 and August 2024 the exports of Canada's Machinery Having Individual Functions have decreased by C$-3.07M (-1.5%) from C$204M to C$201M, while imports increased by C$23.5M (9.46%) from C$248M to C$271M.

Destinations In August 2024, Machinery Having Individual Functions were exported mostly to United States (C$161M), Saudi Arabia (C$5.13M), Austria (C$4.84M), United Arab Emirates (C$3.02M), and Brazil (C$2.49M), and were imported mostly from United States (C$120M), China (C$33.2M), Germany (C$30.3M), South Korea (C$10.1M), and Italy (C$9.56M).

Growth In August 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia (C$-1.27M or -52%), South Korea (C$-901k or -67.8%), and Russia (C$-552k or -35.1%). In August 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from United States (C$31.6M or 33.5%), Germany (C$12.5M or 71.8%), and China (C$7.36M or 40.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)C$-3.07M(-1.5%)

IMPORT GROWTH (August 2023 - August 2024)C$23.5M(9.46%)

MAIN EXPORTER (August 2024)OntarioC$143M

MAIN DESTINATION (August 2024)United StatesC$161M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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