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2023
Exports $227MWorld Rnk 13 / 151
Flag Rnk 251 / 1212
2023
Destination $33.7M United States
2022 - 2023
FASTEST GROWING MARKET $33.7MUnited States
2023
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 247 / 1025
2023
Imports $508MWorld Rnk 10 / 199
Flag Rnk 205 / 1211
2023
Origin $21.5M United States
2022 - 2023
FASTEST GROWING ORIGIN $21.5MChina
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $227M in Locomotive Parts, making it the 13th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 251st most exported product in Canada. The main destination of Locomotive Parts exports from Canada are: United States ($196M), Mexico ($8.48M), Saudi Arabia ($3.57M), Indonesia ($2.7M), and India ($1.65M).

The fastest growing export markets for Locomotive Parts of Canada between 2022 and 2023 were United States ($33.7M), Mexico ($7.14M), and Saudi Arabia ($2.75M).

Imports In 2023, Canada imported $508M in Locomotive Parts, becoming the 10th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 205th most imported product in Canada. Canada imports Locomotive Parts primarily from: United States ($378M), China ($63.6M), Mexico ($23.5M), France ($7.71M), and Germany ($7.5M).

The fastest growing import markets in Locomotive Parts for Canada between 2022 and 2023 were China ($21.5M), Spain ($2.85M), and Belgium ($1.81M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Locomotive Parts from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Locomotive Parts exports accounted up to C$19.7M and imports accounted up to C$47.7M, resulting in a negative trade balance of C$28M. Between November 2023 and November 2024 the exports of Canada's   Locomotive Parts have decreased by C$-2.36M (-10.7%) from C$22.1M to C$19.7M, while imports increased by C$5.1M (12%) from C$42.6M to C$47.7M.

Destinations In November 2024, Locomotive Parts were exported mostly to United States (C$18M), Mexico (C$957k), Brazil (C$219k), South Africa (C$164k), and India (C$114k), and were imported mostly from United States (C$29.6M), Mexico (C$5.68M), China (C$5.16M), Canada (C$2M), and Italy (C$962k).

Growth In November 2024, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to Mozambique (C$-83.6k or -86.4%), India (C$-8.86k or -8.89%), and Brazil (C$-8.11k or -32.3%). In November 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from United States (C$14.5M or 38.1%), China (C$7.88M or 250%), and Mexico (C$2.59M or 146%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-2.36M(-10.7%)
IMPORT GROWTH (November 2023 - November 2024)C$5.1M(12%)
MAIN EXPORTER (November 2024)ManitobaC$11.6M
MAIN DESTINATION (November 2024)United StatesC$18M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$227M
IMPORTS (2023)$508M
NET TRADE (2023)-$281M

In 2023, Canada exported $227M in Locomotive Parts. The main destinations of Canada exports on Locomotive Parts were United States ($196M), Mexico ($8.48M), Saudi Arabia ($3.57M), Indonesia ($2.7M), and India ($1.65M).

In 2023, Canada imported $508M in Locomotive Parts, mainly from United States ($378M), China ($63.6M), Mexico ($23.5M), France ($7.71M), and Germany ($7.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$33.7M (20.8%)
Mexico$7.14M (534%)
Saudi Arabia$2.75M (332%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Canada WERE (2022 - 2023):
Egypt-$2.2M (-73.5%)
Turkey-$1.1M (-68.2%)
Mozambique-$869k (-69.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Locomotive Parts were:
China $2.09B
Germany $1.94B
United States $1.67B
In 2023, Canada's main importing competitors in Locomotive Parts were:
Germany $1.55B
Mexico $1.27B
United States $1.04B

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6M
TOP IMPORT POTENTIALChina+ $14.3M

Locomotive Parts’s highest export potential is United States. With an export gap of $21.6M.   Locomotive Parts’s highest import potential is China with an import gap of $14.3M.

See methodology.

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