Navigation Equipment in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $455M in Navigation Equipment, making it the 15th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 178th most exported product in Canada. The main destination of Navigation Equipment exports from Canada are: United States ($312M), Germany ($13.8M), France ($13.2M), China ($10.3M), and Switzerland ($9.41M).

The fastest growing export markets for Navigation Equipment of Canada between 2021 and 2022 were United States ($42.8M), Mexico ($3.96M), and France ($3.72M).

Imports In 2022, Canada imported $640M in Navigation Equipment, becoming the 6th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 178th most imported product in Canada. Canada imports Navigation Equipment primarily from: United States ($426M), China ($40.2M), Chinese Taipei ($31.2M), Mexico ($21.6M), and Japan ($15.2M).

The fastest growing import markets in Navigation Equipment for Canada between 2021 and 2022 were United States ($190M), Japan ($8.86M), and Portugal ($4.63M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (2) were at the forefront of shipping Navigation Equipment from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Navigation Equipment exports accounted up to C$58.6M and imports accounted up to C$66.3M, resulting in a negative trade balance of C$7.76M. Between January 2023 and January 2024 the exports of Canada's Navigation Equipment have increased by C$16.5M (39.1%) from C$42.1M to C$58.6M, while imports decreased by C$-7.26M (-9.87%) from C$73.6M to C$66.3M.

Destinations In January 2024, Navigation Equipment were exported mostly to United States (C$39.2M), France (C$3.56M), Mexico (C$2.28M), Germany (C$2.13M), and Japan (C$2.09M), and were imported mostly from United States (C$32.4M), China (C$8.67M), Mexico (C$5.67M), Taiwan (C$4.05M), and Germany (C$1.72M).

Growth In January 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Mexico (C$1.16M or 206%), Japan (C$900k or 126%), and France (C$855k or 59%). In January 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from China (C$-2.88M or -31.8%), Japan (C$-2.72M or -61.3%), and Taiwan (C$-1.82M or -32.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$16.5M(39.1%)

IMPORT GROWTH (January 2023 - January 2024)C$-7.26M(-9.87%)

MAIN EXPORTER (January 2024)OntarioC$27.1M

MAIN DESTINATION (January 2024)United StatesC$39.2M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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