Cars in 
Canada 2019 Exports | Imports : $40.9B | $27.9B, World Rnk 5 / 221 Rnk 2 / 1208 | World Rnk 8 / 225 Rnk 1 / 1213
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $157M | $307M, China | South Korea
2019 ECONOMIC COMPLEXITY of Canada: 0.96, Rnk 31 / 147
2019 PRODUCT COMPLEXITY IN Cars: 0.84, Rnk 237 / 1029
Exports: In 2019, Canada exported $40.9B in Cars, making it the 5th 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 ($38.1B), China ($1.06B), Germany ($230M), United Arab Emirates ($136M), and Australia ($125M).
The fastest growing export markets for Cars of Canada between 2018 and 2019 were China ($157M), Australia ($98.5M), and Chinese Taipei ($30.1M).
Imports: In 2019, Canada imported $27.9B 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 ($13.9B), Japan ($3.42B), Mexico ($3.4B), South Korea ($2.59B), and Germany ($2.44B).
The fastest growing import markets in Cars for Canada between 2018 and 2019 were South Korea ($307M), Mexico ($126M), and United Kingdom ($69.1M).
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%).
Overview: In May 2021 Canada's Cars exports accounted up to C$1.94B and imports accounted up to C$3.13B, resulting in a negative trade balance of C$1.19B. Between May 2020 and May 2021 the exports of Canada's Cars have increased by C$1.25B (181%) from C$689M to C$1.94B, while imports increased by C$2.64B (536%) from C$492M to C$3.13B.
Destinations: In May 2021, Cars were exported mostly to United States (C$1.75B), China (C$36.5M), Taiwan (C$30.8M), Germany (C$11.3M), and Nigeria (C$10.7M), and were imported mostly from United States (C$1.35B), Japan (C$482M), South Korea (C$430M), Mexico (C$370M), and Germany (C$208M).
Growth: In May 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to United States (C$1.22B or 232%), Taiwan (C$16M or 108%), and Mexico (C$7.54M or 1.92k%). In May 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United States (C$1.16B or 596%), Japan (C$401M or 496%), and Mexico (C$336M or 978%).
EXPORT GROWTH (May 2020 - May 2021): C$1.25B, (181%)
IMPORT GROWTH (May 2020 - May 2021): C$2.64B, (536%)
MAIN EXPORTER (May 2021): Ontario, C$1.8B
MAIN DESTINATION (May 2021): United States, C$1.75B
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 (2019): $40.9B
IMPORTS (2019): $27.9B
NET TRADE (2019): $13B
In 2019, Canada exported $40.9B in Cars. The main destinations of Canada exports on Cars were United States ($38.1B), China ($1.06B), Germany ($230M), United Arab Emirates ($136M), and Australia ($125M).
In 2019, Canada imported $27.9B in Cars, mainly from United States ($13.9B), Japan ($3.42B), Mexico ($3.4B), South Korea ($2.59B), and Germany ($2.44B).
IN 2019, Canada HAD A POSITIVE NET TRADE IN Cars WITH:
IN 2019, Canada HAD A NEGATIVE NET TRADE IN Cars WITH:
THE FASTEST GROWING Cars EXPORT MARKETS FOR Canada WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Canada WERE (2018 - 2019):
In 2018, Canada's main exporting competitors in Cars were:
In 2018, Canada's main importing competitors in Cars were:
In 2018, the average tariff for Canada in Cars was 3.73%.
The countries with the highest tariffs for Cars in Canada 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%).
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