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

About

Exports In 2023, Canada exported $13.4B 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 6th most exported product in Canada. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Canada are: United States ($11.7B), Mexico ($1.3B), China ($41.3M), Finland ($38.1M), and Germany ($35.5M).

Imports In 2023, Canada imported $20.1B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 4th 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 ($13.7B), Mexico ($1.94B), China ($1.75B), Japan ($933M), and Germany ($395M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Canada between 2022 and 2023 were United States ($2.85B), Mexico ($327M), and Japan ($104M).

COMPANIES In 2024, leading companies such as Celebrity Cruises (2) and Toyota (1) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to C$1.15B and imports accounted up to C$1.89B, resulting in a negative trade balance of C$742M. Between December 2023 and December 2024 the exports of Canada's Motor vehicles; parts and accessories (8701 to 8705) have decreased by C$-55.8M (-4.65%) from C$1.2B to C$1.15B, while imports increased by C$32.5M (1.75%) from C$1.85B to C$1.89B.

Destinations In December 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (C$1.05B), Mexico (C$73.7M), China (C$5.26M), Germany (C$2.4M), and United Arab Emirates (C$2.29M), and were imported mostly from United States (C$1.38B), China (C$168M), Mexico (C$144M), Japan (C$41.9M), and South Korea (C$26.9M).

Growth In December 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to Mexico (C$-4.31M or -3.93%), Chile (C$-1.47M or -71.8%), and Slovakia (C$-1.37M or -91.2%). In December 2024, 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 United States (C$103M or 7.28%), Chinese Taipei (C$1.71M or 10.8%), and Poland (C$1.52M or 59%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)C$-55.8M(-4.65%)

IMPORT GROWTH (December 2023 - December 2024)C$32.5M(1.75%)

MAIN EXPORTER (December 2024)

MAIN DESTINATION (December 2024)United StatesC$1.05B

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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