Cars in Canada 2020 Exports | Imports : $31.8B | $21.7B, World Rnk 7 / 210 Rnk 2 / 1208 | World Rnk 8 / 224 Rnk 1 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $130M | $152M, Chinese Taipei | South Korea
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Cars: 0.89, Rnk 214 / 1029
Exports In 2020, Canada exported $31.8B in Cars, making it the 7th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in Canada. The main destination of Cars exports from Canada are: United States ($29.7B), China ($471M), Chinese Taipei ($211M), Germany ($150M), and United Arab Emirates ($126M).
The fastest growing export markets for Cars of Canada between 2019 and 2020 were Chinese Taipei ($130M), Mexico ($33.3M), and Senegal ($17M).
Imports In 2020, Canada imported $21.7B in Cars, becoming the 8th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Canada. Canada imports Cars primarily from: United States ($10.6B), South Korea ($2.75B), Japan ($2.74B), Mexico ($2.59B), and Germany ($1.53B).
The fastest growing import markets in Cars for Canada between 2019 and 2020 were South Korea ($152M), China ($13.1M), and Chinese Taipei ($2.45M).
Tariffs In 2018, the average tariff for Canada in Cars was 3.73%. The countries with the highest import tariffs for Cars were Botswana (Most Favoured Nation duty rate treatement, 5.76%), Algeria (Most Favoured Nation duty rate treatement, 5.76%), Western Sahara (Most Favoured Nation duty rate treatement, 5.76%), Gabon (Most Favoured Nation duty rate treatement, 5.76%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 5.76%).
December 2022
Overview In December 2022 Canada's Cars exports accounted up to C$3.68B and imports accounted up to C$3.32B, resulting in a positive trade balance of C$356M. Between December 2021 and December 2022 the exports of Canada's Cars have increased by C$224M (6.49%) from C$3.45B to C$3.68B, while imports increased by C$218M (7.02%) from C$3.1B to C$3.32B.
Destinations In December 2022, Cars were exported mostly to United States (C$3.51B), Mexico (C$31.9M), China (C$25.7M), United Arab Emirates (C$14.3M), and Taiwan (C$8.57M), and were imported mostly from United States (C$1.67B), Mexico (C$352M), Germany (C$343M), Japan (C$294M), and South Korea (C$288M).
Growth In December 2022, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Lebanon (C$3.82M or 126%), Germany (C$2.75M or 33.7%), and France (C$2.52M or 184%). In December 2022, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United Kingdom (C$7.66M or 19.3%), Finland (C$5.43M or 7.32k%), and Canada (C$1.84M or 1.03k%).
EXPORT GROWTH (December 2021 - December 2022): C$224M, (6.49%)
IMPORT GROWTH (December 2021 - December 2022): C$218M, (7.02%)
MAIN EXPORTER (December 2022): Ontario, C$3.5B
MAIN DESTINATION (December 2022): United States, C$3.51B
This section shows Cars'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 Cars over time.
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EXPORTS (2020): $31.8B
IMPORTS (2020): $21.7B
NET TRADE (2020): $10.1B
In 2020, Canada exported $31.8B in Cars. The main destinations of Canada exports on Cars were United States ($29.7B), China ($471M), Chinese Taipei ($211M), Germany ($150M), and United Arab Emirates ($126M).
In 2020, Canada imported $21.7B in Cars, mainly from United States ($10.6B), South Korea ($2.75B), Japan ($2.74B), Mexico ($2.59B), and Germany ($1.53B).
THE FASTEST GROWING Cars EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Cars were:
In 2020, Canada's main importing competitors in Cars were:
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