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2022
Exports $166MWorld Rnk 25 / 185
Flag Rnk 320 / 1210
2022
Destination $32.8M United States
2021 - 2022
FASTEST GROWING MARKET $32.8MUnited States
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $4.04BWorld Rnk 2 / 222
Flag Rnk 19 / 1213
2022
Origin $773M United States
2021 - 2022
FASTEST GROWING ORIGIN $773MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $166M in Large Construction Vehicles, making it the 25th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 320th most exported product in Canada. The main destination of Large Construction Vehicles exports from Canada are: United States ($112M), Mexico ($8.37M), Australia ($6.15M), Greenland ($4.88M), and Egypt ($4.34M).

The fastest growing export markets for Large Construction Vehicles of Canada between 2021 and 2022 were United States ($32.8M), Greenland ($4.88M), and Mexico ($2.9M).

Imports In 2022, Canada imported $4.04B in Large Construction Vehicles, becoming the 2nd largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 19th most imported product in Canada. Canada imports Large Construction Vehicles primarily from: United States ($2.8B), Japan ($472M), Germany ($167M), China ($154M), and Brazil ($89.8M).

The fastest growing import markets in Large Construction Vehicles for Canada between 2021 and 2022 were United States ($773M), Japan ($80M), and Germany ($74.1M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Large Construction Vehicles exports accounted up to C$8.71M and imports accounted up to C$405M, resulting in a negative trade balance of C$397M. Between August 2023 and August 2024 the exports of Canada's   Large Construction Vehicles have decreased by C$-748k (-7.91%) from C$9.46M to C$8.71M, while imports decreased by C$-192M (-32.1%) from C$597M to C$405M.

Destinations In August 2024, Large Construction Vehicles were exported mostly to United States (C$6.56M), Mali (C$824k), Netherlands (C$558k), Saudi Arabia (C$183k), and Australia (C$135k), and were imported mostly from United States (C$145M), Japan (C$82.4M), China (C$52.3M), Brazil (C$41.1M), and Germany (C$20.7M).

Growth In August 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Egypt (C$-454k or -88.1%), Vietnam (C$-190k or -95.7%), and Pakistan (C$-82k or -79.2%). In August 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Brazil (C$-14.2M or -56.2%), China (C$-3.78M or -12.1%), and Indonesia (C$-855k or -14%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-748k(-7.91%)
IMPORT GROWTH (August 2023 - August 2024)C$-192M(-32.1%)
MAIN EXPORTER (August 2024)OntarioC$13M
MAIN DESTINATION (August 2024)United StatesC$6.56M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$166M
IMPORTS (2022)$4.04B
NET TRADE (2022)-$3.88B

In 2022, Canada exported $166M in Large Construction Vehicles. The main destinations of Canada exports on Large Construction Vehicles were United States ($112M), Mexico ($8.37M), Australia ($6.15M), Greenland ($4.88M), and Egypt ($4.34M).

In 2022, Canada imported $4.04B in Large Construction Vehicles, mainly from United States ($2.8B), Japan ($472M), Germany ($167M), China ($154M), and Brazil ($89.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$32.8M (41.4%)
Greenland$4.88M (1%)
Mexico$2.9M (52.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Canada WERE (2021 - 2022):
Egypt-$2.81M (-39.3%)
Australia-$2.49M (-28.8%)
Hong Kong-$1.41M (-91.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Large Construction Vehicles were:
China $14.3B
Japan $13B
United States $5.24B
In 2022, Canada's main importing competitors in Large Construction Vehicles were:
United States $10.7B
Australia $2.75B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $83.1M
TOP IMPORT POTENTIALChina+ $118M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $83.1M.   Large Construction Vehicles’s highest import potential is China with an import gap of $118M.

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