2022
Exports
$1.49BWorld Rnk 6 / 184
Flag Rnk 65 / 1210
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$1.19BWorld Rnk 6 / 219
Flag Rnk 97 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.49B in Lifting Machinery, making it the 6th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 65th most exported product in Canada. The main destination of Lifting Machinery exports from Canada are: United States ($1.28B), United Kingdom ($33.4M), Australia ($32.5M), Netherlands ($18.2M), and China ($11.1M).

The fastest growing export markets for Lifting Machinery of Canada between 2021 and 2022 were United States ($235M), United Kingdom ($17.4M), and France ($5.15M).

Imports In 2022, Canada imported $1.19B in Lifting Machinery, becoming the 6th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 97th most imported product in Canada. Canada imports Lifting Machinery primarily from: United States ($758M), Germany ($78.6M), China ($76.1M), Netherlands ($46.6M), and Italy ($35.7M).

The fastest growing import markets in Lifting Machinery for Canada between 2021 and 2022 were China ($23.2M), Germany ($20.4M), and United States ($19.1M).

COMPANIES In 2023, leading companies such as Amazon (13) were at the forefront of shipping Lifting Machinery from Canada to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-35.7M(-20.1%)
IMPORT GROWTH (September 2023 - September 2024)C$6.3M(4.41%)
MAIN EXPORTER (September 2024)OntarioC$88.9M
MAIN DESTINATION (September 2024)United StatesC$128M

This section shows Lifting 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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.49B
IMPORTS (2022)$1.19B
NET TRADE (2022)$299M

In 2022, Canada exported $1.49B in Lifting Machinery. The main destinations of Canada exports on Lifting Machinery were United States ($1.28B), United Kingdom ($33.4M), Australia ($32.5M), Netherlands ($18.2M), and China ($11.1M).

In 2022, Canada imported $1.19B in Lifting Machinery, mainly from United States ($758M), Germany ($78.6M), China ($76.1M), Netherlands ($46.6M), and Italy ($35.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$235M (22.5%)
United Kingdom$17.4M (109%)
France$5.15M (90.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Canada WERE (2021 - 2022):
Mexico-$11.4M (-60.9%)
Netherlands-$7.97M (-30.4%)
Hungary-$2M (-90.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Canada's main importing competitors in Lifting Machinery were:

Explore Visualizations

Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $182M
TOP IMPORT POTENTIALChina+ $46.3M

Lifting Machinery’s highest export potential is United States. With an export gap of $182M.   Lifting Machinery’s highest import potential is China with an import gap of $46.3M.

See methodology.

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