Motor vehicles; parts and accessories (8701 to 8705) in Canada

About

Exports In 2021, Canada exported $10.9B in Motor vehicles; parts and accessories (8701 to 8705), making it the 11th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most exported product in Canada. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Canada are: United States ($9.7B), Mexico ($842M), China ($68.5M), Finland ($47.7M), and Australia ($24.6M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Canada between 2020 and 2021 were United States ($1.71B), Mexico ($69.1M), and Finland ($20.3M).

Imports In 2021, Canada imported $14.5B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 6th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 2nd most imported product in Canada. Canada imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($9.83B), China ($1.4B), Japan ($1.17B), Mexico ($801M), and Germany ($278M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Canada between 2020 and 2021 were China ($306M), Japan ($145M), and South Korea ($56.4M).

Latest Trends

September 2023

About

Overview In September 2023 Canada's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to C$1.45B and imports accounted up to C$2.59B, resulting in a negative trade balance of C$1.15B. Between September 2022 and September 2023 the exports of Canada's Motor vehicles; parts and accessories (8701 to 8705) have increased by C$14.2M (0.99%) from C$1.43B to C$1.45B, while imports increased by C$761M (41.5%) from C$1.83B to C$2.59B.

Destinations In September 2023, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (C$1.3B), Mexico (C$112M), Finland (C$6.56M), China (C$3.66M), and United Kingdom (C$1.67M), and were imported mostly from United States (C$1.77B), China (C$237M), Mexico (C$234M), Japan (C$139M), and Germany (C$51.7M).

Growth In September 2023, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to United States (C$42.3M or 4.27%), Australia (C$1.23M or 125%), and Finland (C$946k or 94.2%). In September 2023, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Indonesia (C$6.84M or 175%), Turkey (C$2.45M or 76.2%), and Slovakia (C$2.26M or 107%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2022 - September 2023)C$14.2M(0.99%)

IMPORT GROWTH (September 2022 - September 2023)C$761M(41.5%)

MAIN EXPORTER (September 2023)OntarioC$1.49B

MAIN DESTINATION (September 2023)United StatesC$1.3B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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