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2022
Flag → Flag
Exports $4.94BRnk 8 / 215
2022
Flag → Flag
Top Product $475MIron Ore
2022
Flag → Flag
Exports $14.1BRnk 24 / 223
2022
Flag → Flag
Top Product $2.57BCars
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Canada-Germany Trade: In 2022, Canada exported $4.94B to Germany. The main products that Canada exported to Germany were Iron Ore ($475M), Gas Turbines ($373M), and Precious Metal Scraps ($353M). Over the past 5 years the exports of Canada to Germany have increased at an annualized rate of 9.7%, from $3.11B in 2017 to $4.94B in 2022.

In 2020, Canada exported services to Germany worth $1.05B, with Royalties and license fees ($350M), Computer and information services ($268M), and Transportation ($259M) being the largest in terms of value.

Germany-Canada Trade: In 2022, Germany exported $14.1B to Canada. The main products that Germany exported to Canada were Cars ($2.57B), Packaged Medicaments ($1.2B), and Vaccines, blood, antisera, toxins and cultures ($646M). Over the past 5 years the exports of Germany to Canada have increased at an annualized rate of 4.5%,  from $11.3B in 2017 to $14.1B in 2022.

In 2020, Germany exported services to Canada worth $35.4M, with Government services, n.i.e. ($18.3M), Personal, cultural, and recreational services ($10.3M), and Insurance services ($6.86M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

September, 2024

About

Overview In September 2024, Canada exported C$538M and imported C$1.86B from Germany, resulting in a negative trade balance of C$1.32B. Between September 2023 and September 2024 the exports of Canada have increased by C$36.1M (7.2%) from C$501M to C$538M, while imports decreased by C$-88.6M (-4.56%) from C$1.94B to C$1.86B.

Trade In September 2024, the top exports of Canada to Germany were Iron Ore (C$355M), Iron Ore (C$252M), Iron Ore (C$207M), Gold (C$197M), and Iron Ore (C$183M). In September 2024 the top imports of Canada from Germany were Cars (C$494M), Cars (C$487M), Cars (C$450M), Cars (C$440M), and Cars (C$414M).

Origins In September 2024 the exports of Canada were mainly from Ontario (C$183M), Newfoundland Labrador (C$132M), Quebec (C$100M), Saskatchewan (C$42.8M), and Nunavut (C$35.2M), while imports destinations were mainly Ontario (C$863M), Quebec (C$391M), Nova Scotia (C$283M), British Columbia (C$137M), and Alberta (C$73.2M).

Growth In September 2024, the increase in Canada's year-by-year exports to Germany was explained primarily by an increase in product exports in . In September 2024, the decrease in Canada's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)C$36.1M(7.2%)
IMPORT GROWTH (September 2023 - September 2024)C$-88.6M(-4.56%)
MAIN EXPORTER (September 2024)OntarioC$183M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Germany and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $4.94B to Germany. The main products exported from Canada to Germany were Iron Ore ($475M), Gas Turbines ($373M), and Precious Metal Scraps ($353M). During the last 5 years the exports of Canada to Germany have increased at an annualized rate of 9.7%, from $3.11B in 2017 to $4.94B in 2022.

In 2017, Germany exported $14.1B to Canada. The main products exported from Germany to Canada were Cars ($2.57B), Packaged Medicaments ($1.2B), and Vaccines, blood, antisera, toxins and cultures ($646M). During the last 5 years the exports of Germany to Canada have increased at an annualized rate of 4.5%, from $11.3B in 2022 to $14.1B in 2017.

Exports from Canada (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Germany
Top DestinationUnited States$153B

This map shows whether countries import more from Canada or Germany. Each country is colored based on the difference in imports they receive from Canada and Germany or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Germany included United States ($438B), Bangladesh ($1.21B), and Botswana ($322M).

In 2022, countries that imported more from Germany than Canada included France ($120B), Netherlands ($109B), and Italy ($90.7B).

Difference in imports from Germany (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Germany

Flow
Scale

This chart compares trade between Canada and Germany by product, considering products traded by both, Canada and Germany.

During 2022, Canada had a large net trade with Germany in the exports of Mineral Products ($1.33B), Machines ($1B), and Chemical Products ($549M).

During 2017, Germany had a large net trade with Canada in the exports of Machines ($3.82B), Transportation ($3.72B), and Chemical Products ($2.65B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Germany+$488MCrude Petroleum
Top Product Potential Germany Canada+$777MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to Germany worth $1.05B, with Royalties and license fees ($350M), Computer and information services ($268M), and Transportation ($259M) being the largest in terms of value.

In 2020, Germany exported services to Canada worth $35.4M, with Government services, n.i.e. ($18.3M), Personal, cultural, and recreational services ($10.3M), and Insurance services ($6.86M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Germany (Flag) (2020)

Services Exports from Germany (Flag) to Canada (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Germany. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Germany (Flag) (2022)

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