2022
Exports
$12.9BWorld Rnk 11 / 226
Flag Rnk 7 / 1210
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$17.4BWorld Rnk 5 / 225
Flag Rnk 3 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $12.9B 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 ($11.4B), Mexico ($1B), Canada ($143M), China ($53M), and Finland ($50.4M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Canada between 2021 and 2022 were United States ($1.73B), Mexico ($160M), and Canada ($16.6M).

Imports In 2022, Canada imported $17.4B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 5th 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 3rd most imported product in Canada. Canada imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($11.9B), China ($1.66B), Mexico ($1.19B), Japan ($1.03B), and Germany ($332M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Canada between 2021 and 2022 were United States ($2.06B), Mexico ($384M), and China ($255M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$-65.6M(-5.02%)
IMPORT GROWTH (July 2023 - July 2024)C$-130M(-6.24%)
MAIN EXPORTER (July 2024)OntarioC$1.45B
MAIN DESTINATION (July 2024)United StatesC$1.11B

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.9B
IMPORTS (2022)$17.4B
NET TRADE (2022)-$4.53B

In 2022, Canada exported $12.9B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Canada exports on Motor vehicles; parts and accessories (8701 to 8705) were United States ($11.4B), Mexico ($1B), Canada ($143M), China ($53M), and Finland ($50.4M).

In 2022, Canada imported $17.4B in Motor vehicles; parts and accessories (8701 to 8705), mainly from United States ($11.9B), China ($1.66B), Mexico ($1.19B), Japan ($1.03B), and Germany ($332M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$1.73B (17.8%)
Mexico$160M (19%)
Canada$16.6M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Canada WERE (2021 - 2022):
China-$15.5M (-22.6%)
Russia-$9.86M (-79.8%)
United Kingdom-$8.99M (-47.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Canada's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

Explore Visualizations

Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.76B
TOP IMPORT POTENTIALChina+ $545M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $2.76B.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $545M.

See methodology.

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