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Pricing

2022
Exports $455MWorld Rnk 15 / 200
Flag Rnk 178 / 1210
2022
Destination $42.8M United States
2021 - 2022
FASTEST GROWING MARKET $42.8MUnited States
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $640MWorld Rnk 6 / 220
Flag Rnk 178 / 1213
2022
Origin $190M United States
2021 - 2022
FASTEST GROWING ORIGIN $190MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $455M in Navigation Equipment, making it the 15th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 178th most exported product in Canada. The main destination of Navigation Equipment exports from Canada are: United States ($312M), Germany ($13.8M), France ($13.2M), China ($10.3M), and Switzerland ($9.41M).

The fastest growing export markets for Navigation Equipment of Canada between 2021 and 2022 were United States ($42.8M), Mexico ($3.96M), and France ($3.72M).

Imports In 2022, Canada imported $640M in Navigation Equipment, becoming the 6th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 178th most imported product in Canada. Canada imports Navigation Equipment primarily from: United States ($426M), China ($40.2M), Chinese Taipei ($31.2M), Mexico ($21.6M), and Japan ($15.2M).

The fastest growing import markets in Navigation Equipment for Canada between 2021 and 2022 were United States ($190M), Japan ($8.86M), and Portugal ($4.63M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) and Norwegian Cruise Line (1) were at the forefront of shipping Navigation Equipment from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Navigation Equipment exports accounted up to C$54.6M and imports accounted up to C$64.1M, resulting in a negative trade balance of C$9.42M. Between June 2023 and June 2024 the exports of Canada's   Navigation Equipment have decreased by C$-21.2M (-27.9%) from C$75.8M to C$54.6M, while imports decreased by C$-5.98M (-8.54%) from C$70M to C$64.1M.

Destinations In June 2024, Navigation Equipment were exported mostly to United States (C$38.1M), France (C$3.65M), Mexico (C$2.65M), Germany (C$1.43M), and United Kingdom (C$1.25M), and were imported mostly from United States (C$26.5M), China (C$11.5M), Mexico (C$6.91M), Chinese Taipei (C$6.46M), and Japan (C$2.66M).

Growth In June 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to China (C$-1.07M or -48.7%), United States (C$-746k or -2.57%), and Italy (C$-650k or -48.6%). In June 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from China (C$-2.88M or -31.8%), Japan (C$-2.72M or -61.3%), and Chinese Taipei (C$-1.82M or -32.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-21.2M(-27.9%)
IMPORT GROWTH (June 2023 - June 2024)C$-5.98M(-8.54%)
MAIN EXPORTER (June 2024)OntarioC$30.4M
MAIN DESTINATION (June 2024)United StatesC$38.1M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$455M
IMPORTS (2022)$640M
NET TRADE (2022)-$185M

In 2022, Canada exported $455M in Navigation Equipment. The main destinations of Canada exports on Navigation Equipment were United States ($312M), Germany ($13.8M), France ($13.2M), China ($10.3M), and Switzerland ($9.41M).

In 2022, Canada imported $640M in Navigation Equipment, mainly from United States ($426M), China ($40.2M), Chinese Taipei ($31.2M), Mexico ($21.6M), and Japan ($15.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$42.8M (15.9%)
Mexico$3.96M (89.8%)
France$3.72M (39.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Canada WERE (2021 - 2022):
Italy-$5.96M (-49.5%)
Brazil-$1.72M (-17%)
Liberia-$1.09M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Canada's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94.1M
TOP IMPORT POTENTIALChina+ $25.7M

Navigation Equipment’s highest export potential is United States. With an export gap of $94.1M.   Navigation Equipment’s highest import potential is China with an import gap of $25.7M.

See methodology.

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