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Pricing

2022
Flag → Flag
Exports $7.39BRnk 5 / 215
2022
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Top Product $1BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $22.2BRnk 2 / 156
2022
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Top Product $3.59BCars
2022
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Economic Complexity (ECI) ECI 0.85Rnk 31 / 124
2022
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Economic Complexity (ECI) ECI 1.08Rnk 21 / 124
2022
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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$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 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$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Canada-Mexico In 2022, Canada exported $7.39B to Mexico. The main products that Canada exported to Mexico are Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). During the last 27 years the exports of Canada to Mexico have increased at an annualized rate of 7.29%, from $1.1B in 1995 to $7.39B in 2022.

In 2020, Canada exported services to Mexico worth $781M, with Royalties and license fees ($247M), Travel ($233M), and Computer and information services ($191M) being the largest in terms of value.

Mexico-Canada In 2022, Mexico exported $22.2B to Canada. The main products that Mexico exported to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). During the last 27 years the exports of Mexico to Canada have increased at an annualized rate of 7.81%, from $2.92B in 1995 to $22.2B in 2022.

In 2022, Mexico did not export any services to Canada.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

January, 2024

About

Overview In January 2024, Canada exported C$637M and imported C$3.36B from Mexico, resulting in a negative trade balance of C$2.73B. Between January 2023 and January 2024 the exports of Canada have decreased by C$-44.3M (-6.51%) from C$681M to C$637M, while imports decreased by C$-119M (-3.43%) from C$3.48B to C$3.36B.

Trade In January 2024, the top exports of Canada to Mexico were Motor vehicles; parts and accessories (8701... (C$110M), Rapeseed (C$74.2M), Rapeseed Oil (C$35.2M), Cars (C$30.2M), and Wheat (C$27.1M). In January 2024 the top imports of Canada from Mexico were Delivery Trucks (C$401M), Cars (C$371M), Motor vehicles; parts and accessories (8701... (C$208M), Computers (C$170M), and Tractors (C$131M).

Origins In January 2024 the exports of Canada were mainly from Ontario (C$345M), Quebec (C$98.5M), Alberta (C$70.2M), Saskatchewan (C$65.1M), and Manitoba (C$44.2M), while imports destinations were mainly Ontario (C$2.6B), British Columbia (C$213M), Quebec (C$207M), Alberta (C$171M), and Manitoba (C$126M).

Growth In January 2024, the decrease in Canada's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Refined Petroleum (C$-70.4M or -98.7%), Rapeseed (C$-28.3M or -27.6%), and Petroleum Gas (C$-22.7M or -91.6%). In January 2024, the decrease in Canada's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Video Displays (C$-33.4M or -40.6%), Hot-Rolled Iron Bars (C$-15.1M or -91.1%), and Tropical Fruits (C$-8.95M or -24.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)C$-44.3M(-6.51%)
IMPORT GROWTH (January 2023 - January 2024)C$-119M(-3.43%)
MAIN EXPORTER (January 2024)OntarioC$345M

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 Mexico and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $7.39B to Mexico. The main products exported from Canada to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). During the last 27 years the exports of Canada to Mexico have increased at an annualized rate of 7.29%, from $1.1B in 1995 to $7.39B in 2022.

In 2022, Mexico exported $22.2B to Canada. The main products exported from Mexico to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). During the last 27 years the exports of Mexico to Canada have increased at an annualized rate of 7.81%, from $2.92B in 1995 to $22.2B in 2022.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Mexico
Top DestinationUnited States$421B

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

In 2021, countries that imported more from Canada than Mexico were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Mexico than Canada were Chinese Taipei ($7.86B), Spain ($5.41B), and Guatemala ($2.86B).

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

Comparative Advantage Canada - Mexico

Flow
Scale

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

During 2022, Canada had a large net trade with Mexico in the exports of Transportation ($1.51B), Vegetable Products ($1.23B), and Metals ($1.01B).

During 2022, Mexico had a large net trade with Canada in the exports of Transportation ($9.17B), Machines ($6.41B), and Vegetable Products ($1.09B).

Service Trade

Bilateral Service Trade

In 2020, Canada exported services to Mexico worth $781M, with Royalties and license fees ($247M), Travel ($233M), and Computer and information services ($191M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over Canada.

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

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