Lifting Machinery in Canada 2021 Exports | Imports : $1.23B | $1.12B, World Rnk 8 / 189 Rnk 71 / 1212 | World Rnk 6 / 221 Rnk 90 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $202M | $160M, United States | United States
2021 ECONOMIC COMPLEXITY of Canada: 0.9, Rnk 32 / 131
2021 PRODUCT COMPLEXITY IN Lifting Machinery: 1.07, Rnk 151 / 1029
Exports In 2021, Canada exported $1.23B in Lifting Machinery, making it the 8th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 71st most exported product in Canada. The main destination of Lifting Machinery exports from Canada are: United States ($1.04B), Australia ($28.3M), Netherlands ($26.2M), Mexico ($18.8M), and United Kingdom ($15.5M).
The fastest growing export markets for Lifting Machinery of Canada between 2020 and 2021 were United States ($202M), Mexico ($15.7M), and Australia ($10.6M).
Imports In 2021, Canada imported $1.12B in Lifting Machinery, becoming the 6th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 90th most imported product in Canada. Canada imports Lifting Machinery primarily from: United States ($739M), Germany ($58.1M), China ($52.6M), Italy ($45.2M), and Netherlands ($38.1M).
The fastest growing import markets in Lifting Machinery for Canada between 2020 and 2021 were United States ($160M), Italy ($22M), and Spain ($15.9M).
December 2022
Overview In December 2022 Canada's Lifting Machinery exports accounted up to C$155M and imports accounted up to C$101M, resulting in a positive trade balance of C$54M. Between December 2021 and December 2022 the exports of Canada's Lifting Machinery have increased by C$15.1M (10.8%) from C$140M to C$155M, while imports decreased by C$-9.11M (-8.26%) from C$110M to C$101M.
Destinations In December 2022, Lifting Machinery were exported mostly to United States (C$135M), United Kingdom (C$3.75M), China (C$3.07M), Saudi Arabia (C$2.8M), and Australia (C$2.43M), and were imported mostly from United States (C$55M), Japan (C$10.6M), China (C$9.17M), Germany (C$7.78M), and Mexico (C$6.2M).
Growth In December 2022, the increase in Lifting Machinery's year-by-year exports was explained primarily by an increase in exports to United States (C$27.1M or 36.6%), Mexico (C$1.73M or 277%), and Colombia (C$399k or 1.41k%). In December 2022, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-6.47M or -56.7%), Finland (C$-1.93M or -90.6%), and United Kingdom (C$-1.51M or -52.2%).
EXPORT GROWTH (December 2021 - December 2022): C$15.1M, (10.8%)
IMPORT GROWTH (December 2021 - December 2022): C$-9.11M, (-8.26%)
MAIN EXPORTER (December 2022): Ontario, C$69.1M
MAIN DESTINATION (December 2022): United States, C$135M
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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EXPORTS (2021): $1.23B
IMPORTS (2021): $1.12B
NET TRADE (2021): $108M
In 2021, Canada exported $1.23B in Lifting Machinery. The main destinations of Canada exports on Lifting Machinery were United States ($1.04B), Australia ($28.3M), Netherlands ($26.2M), Mexico ($18.8M), and United Kingdom ($15.5M).
In 2021, Canada imported $1.12B in Lifting Machinery, mainly from United States ($739M), Germany ($58.1M), China ($52.6M), Italy ($45.2M), and Netherlands ($38.1M).
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Canada WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Canada WERE (2020 - 2021):
In 2021, Canada's main exporting competitors in Lifting Machinery were:
In 2021, Canada's main importing competitors in Lifting Machinery were:
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