Excavation Machinery in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $2.3B in Excavation Machinery, making it the 7th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 39th most exported product in Canada. The main destination of Excavation Machinery exports from Canada are: United States ($1.77B), Canada ($56.6M), Australia ($44.4M), Mexico ($34.2M), and Netherlands ($24.9M).

The fastest growing export markets for Excavation Machinery of Canada between 2021 and 2022 were United States ($223M), Mexico ($8.81M), and Saudi Arabia ($7.5M).

Imports In 2022, Canada imported $3.26B in Excavation Machinery, becoming the 3rd largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 28th most imported product in Canada. Canada imports Excavation Machinery primarily from: United States ($1.98B), China ($518M), Japan ($79.9M), Germany ($69.2M), and South Korea ($66.9M).

The fastest growing import markets in Excavation Machinery for Canada between 2021 and 2022 were United States ($223M), China ($123M), and Norway ($28.6M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (24) were at the forefront of shipping Excavation Machinery from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Excavation Machinery exports accounted up to C$229M and imports accounted up to C$301M, resulting in a negative trade balance of C$72M. Between January 2023 and January 2024 the exports of Canada's Excavation Machinery have increased by C$26.3M (13%) from C$202M to C$229M, while imports decreased by C$-44.7M (-12.9%) from C$345M to C$301M.

Destinations In January 2024, Excavation Machinery were exported mostly to United States (C$192M), Saudi Arabia (C$7.22M), Mexico (C$4.34M), Australia (C$3.23M), and Singapore (C$2.95M), and were imported mostly from United States (C$133M), China (C$50.4M), Japan (C$16.8M), Germany (C$14.8M), and Italy (C$12M).

Growth In January 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to United States (C$33M or 24.3%), Peru (C$1.75M or 348%), and Chile (C$1.69M or 166%). In January 2024, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-3.35M or -23.1%), Australia (C$-913k or -43%), and Russia (C$-578k or -99.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$26.3M(13%)

IMPORT GROWTH (January 2023 - January 2024)C$-44.7M(-12.9%)

MAIN EXPORTER (January 2024)OntarioC$114M

MAIN DESTINATION (January 2024)United StatesC$192M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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