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2022
Exports $84MWorld Rnk 27 / 186
Flag Rnk 416 / 1210
2022
Destination $13M United States
2021 - 2022
FASTEST GROWING MARKET $13MUnited States
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $1.15BWorld Rnk 9 / 220
Flag Rnk 101 / 1213
2022
Origin $335M United States
2021 - 2022
FASTEST GROWING ORIGIN $335MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $84M in Combustion Engines, making it the 27th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 416th most exported product in Canada. The main destination of Combustion Engines exports from Canada are: United States ($66.3M), Canada ($2.97M), Italy ($1.76M), Mexico ($1.47M), and Hungary ($1.08M).

The fastest growing export markets for Combustion Engines of Canada between 2021 and 2022 were United States ($13M), Hungary ($1.08M), and Italy ($904k).

Imports In 2018, Canada imported $1.15B in Combustion Engines, becoming the 9th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 101st most imported product in Canada. Canada imports Combustion Engines primarily from: United States ($930M), Mexico ($52.7M), United Kingdom ($51.9M), Germany ($35.1M), and Italy ($23.7M).

The fastest growing import markets in Combustion Engines for Canada between 2021 and 2022 were United States ($335M), United Kingdom ($25.9M), and Mexico ($8.87M).

COMPANIES In 2023, leading companies such as Rolls-Royce (16) were at the forefront of shipping Combustion Engines from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Combustion Engines exports accounted up to C$4.94M and imports accounted up to C$178M, resulting in a negative trade balance of C$173M. Between June 2023 and June 2024 the exports of Canada's   Combustion Engines have decreased by C$-8.12M (-62.2%) from C$13.1M to C$4.94M, while imports increased by C$20.6M (13.1%) from C$158M to C$178M.

Destinations In June 2024, Combustion Engines were exported mostly to United States (C$4.57M), Philippines (C$133k), Brazil (C$92.7k), Mali (C$78.4k), and Vietnam (C$61.7k), and were imported mostly from United States (C$155M), Mexico (C$7.46M), Japan (C$3.33M), Italy (C$2.63M), and United Kingdom (C$2.55M).

Growth In June 2024, the decrease in Combustion Engines's year-by-year exports was explained primarily by a decrease in exports to United States (C$-687k or -28%). In June 2024, the increase in Combustion Engines's year-by-year imports was explained primarily by an increase in imports from United States (C$15.5M or 19.8%), United Kingdom (C$13.3M or 704%), and Japan (C$6.74M or 241%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-8.12M(-62.2%)
IMPORT GROWTH (June 2023 - June 2024)C$20.6M(13.1%)
MAIN EXPORTER (June 2024)OntarioC$2.9M
MAIN DESTINATION (June 2024)United StatesC$4.57M

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$84M
IMPORTS (2022)$1.15B
NET TRADE (2022)-$1.07B

In 2022, Canada exported $84M in Combustion Engines. The main destinations of Canada exports on Combustion Engines were United States ($66.3M), Canada ($2.97M), Italy ($1.76M), Mexico ($1.47M), and Hungary ($1.08M).

In 2022, Canada imported $1.15B in Combustion Engines, mainly from United States ($930M), Mexico ($52.7M), United Kingdom ($51.9M), Germany ($35.1M), and Italy ($23.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13M (24.3%)
Hungary$1.08M (1%)
Italy$904k (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Canada WERE (2021 - 2022):
Gabon-$646k (-95.5%)
Russia-$551k (-96.5%)
Germany-$249k (-59.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Canada's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $43.2M
TOP IMPORT POTENTIALUnited States+ $91.6M

Combustion Engines’s highest export potential is United States. With an export gap of $43.2M.   Combustion Engines’s highest import potential is United States with an import gap of $91.6M.

See methodology.

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