Canada / Germany

Overview In August 2024, Canada exported C$446M and imported C$1.85B from Germany, resulting in a negative trade balance of C$1.41B. Between August 2023 and August 2024 the exports of Canada have decreased by C$-107M (-19.3%) from C$553M to C$446M, while imports decreased by C$-222M (-10.7%) from C$2.07B to C$1.85B.

Trade In August 2024, the top exports of Canada to Germany were Planes, Helicopters, and/or Spacecraft (C$93.3M), Precious Metal Scraps (C$80.6M), Commodities not elsewhere specified (C$71.6M), Crude Petroleum (C$68.5M), and Radioactive Chemicals (C$59M). In August 2024 the top imports of Canada from Germany were Cars (C$272M), Packaged Medicaments (C$145M), Vaccines, blood, antisera, toxins and cultures (C$95.7M), Motor vehicles; parts and accessories (8701... (C$48.4M), and Tractors (C$42.6M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$167M), Quebec (C$94.7M), Newfoundland Labrador (C$74.7M), Nunavut (C$49.9M), and Saskatchewan (C$21.9M), while imports destinations were mainly Ontario (C$890M), Quebec (C$412M), Nova Scotia (C$227M), British Columbia (C$143M), and Alberta (C$60.4M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Germany was explained primarily by an decrease in product exports in Commodities not elsewhere specified (C$-18.2M or -20.3%), Coin (C$-18.1M or -63.9%), and Cars (C$-5.16M or -47.2%). In August 2024, the decrease in Canada's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Coated Flat-Rolled Iron (C$-16.7M or -96.5%), Hot-Rolled Iron Bars (C$-11.9M or -88.8%), and Electric Batteries (C$-8.73M or -72.8%).