Metalworking Machine Parts in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $483M in Metalworking Machine Parts, making it the 9th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 174th most exported product in Canada. The main destination of Metalworking Machine Parts exports from Canada are: United States ($416M), Mexico ($7.92M), Germany ($7.78M), New Zealand ($7.49M), and Canada ($4.6M).

The fastest growing export markets for Metalworking Machine Parts of Canada between 2021 and 2022 were United States ($108M), New Zealand ($4.37M), and Germany ($2.78M).

Imports In 2022, Canada imported $606M in Metalworking Machine Parts, becoming the 8th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 185th most imported product in Canada. Canada imports Metalworking Machine Parts primarily from: United States ($423M), China ($44.3M), Italy ($26.2M), Germany ($23.4M), and Japan ($18.5M).

The fastest growing import markets in Metalworking Machine Parts for Canada between 2021 and 2022 were United States ($84.9M), Italy ($6.72M), and Chinese Taipei ($2.97M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (4) were at the forefront of shipping Metalworking Machine Parts from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Metalworking Machine Parts exports accounted up to C$50M and imports accounted up to C$77M, resulting in a negative trade balance of C$27M. Between January 2023 and January 2024 the exports of Canada's Metalworking Machine Parts have increased by C$2.38M (5%) from C$47.6M to C$50M, while imports increased by C$5.08M (7.06%) from C$71.9M to C$77M.

Destinations In January 2024, Metalworking Machine Parts were exported mostly to United States (C$48M), Mexico (C$409k), Australia (C$262k), Germany (C$211k), and New Zealand (C$126k), and were imported mostly from United States (C$42.7M), Germany (C$6.44M), Italy (C$6.43M), Japan (C$6.27M), and China (C$4.06M).

Growth In January 2024, the increase in Metalworking Machine Parts's year-by-year exports was explained primarily by an increase in exports to United States (C$16.9M or 66.3%), Australia (C$949k or 733%), and China (C$825k or 3.12k%). In January 2024, the increase in Metalworking Machine Parts's year-by-year imports was explained primarily by an increase in imports from United States (C$7.9M or 23.8%), Japan (C$2.81M or 119%), and Germany (C$1.05M or 24.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$2.38M(5%)

IMPORT GROWTH (January 2023 - January 2024)C$5.08M(7.06%)

MAIN EXPORTER (January 2024)OntarioC$18.5M

MAIN DESTINATION (January 2024)United StatesC$48M

This section shows Metalworking Machine Parts'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 Metalworking Machine Parts over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download