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2022
Exports $565kWorld Rnk 101 / 137
Flag Rnk 1083 / 1210
2022
Destination $116k United States
2021 - 2022
FASTEST GROWING MARKET $116kBangladesh
2022
PRODUCT COMPLEXITY IN Passenger and Cargo Ships-0.47Rnk 691 / 1025
2022
Imports $349MWorld Rnk 33 / 185
Flag Rnk 291 / 1213
2022
Origin $46M South Korea
2021 - 2022
FASTEST GROWING ORIGIN $46MSouth Korea
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $565k in Passenger and Cargo Ships, making it the 101st largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 1083rd most exported product in Canada. The main destination of Passenger and Cargo Ships exports from Canada are: United States ($382k), Bangladesh ($116k), Canada ($37.2k), Nicaragua ($19.6k), and Austria ($3.84k).

The fastest growing export markets for Passenger and Cargo Ships of Canada between 2021 and 2022 were Bangladesh ($116k), Nicaragua ($19.6k), and Austria ($3.84k).

Imports In 2022, Canada imported $349M in Passenger and Cargo Ships, becoming the 33rd largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 291st most imported product in Canada. Canada imports Passenger and Cargo Ships primarily from: South Korea ($102M), China ($73.6M), Romania ($71.3M), Poland ($53.6M), and United States ($23.3M).

The fastest growing import markets in Passenger and Cargo Ships for Canada between 2021 and 2022 were South Korea ($46M), China ($13.5M), and India ($13.3M).

Latest Trends

April 2024

About

Overview In April 2024 Canada's Passenger and Cargo Ships exports accounted up to C$30k and imports accounted up to C$253M, resulting in a negative trade balance of C$253M. Between October 2022 and April 2024 the exports of Canada's   Passenger and Cargo Ships have decreased by C$-103k (-77.4%) from C$133k to C$30k, while imports increased by C$192M (315%) from C$61M to C$253M.

Destinations In April 2024, Passenger and Cargo Ships were exported mostly to United States (C$30k), and were imported mostly from China (C$252M) and United States (C$1.15M).

Growth In April 2024, the decrease in Passenger and Cargo Ships's year-by-year exports was explained primarily by a decrease in exports to . In April 2024, the increase in Passenger and Cargo Ships's year-by-year imports was explained primarily by an increase in imports from United States (C$7.85M or 11.8k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - April 2024)C$-103k(-77.4%)
IMPORT GROWTH (April 2023 - April 2024)C$192M(315%)
MAIN EXPORTER (April 2024)OntarioC$78.6k
MAIN DESTINATION (April 2024)United StatesC$30k

This section shows Passenger and Cargo Ships'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 Passenger and Cargo Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$565k
IMPORTS (2022)$349M
NET TRADE (2022)-$349M

In 2022, Canada exported $565k in Passenger and Cargo Ships. The main destinations of Canada exports on Passenger and Cargo Ships were United States ($382k), Bangladesh ($116k), Canada ($37.2k), Nicaragua ($19.6k), and Austria ($3.84k).

In 2022, Canada imported $349M in Passenger and Cargo Ships, mainly from South Korea ($102M), China ($73.6M), Romania ($71.3M), Poland ($53.6M), and United States ($23.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Bangladesh$116k (1%)
Nicaragua$19.6k (1%)
Austria$3.84k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Canada WERE (2021 - 2022):
South Korea-$32.6M (-100%)
Canada-$6.21M (-99.4%)
Cyprus-$1.33M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Passenger and Cargo Ships were:
China $17.6B
South Korea $16.1B
Japan $9.4B
In 2022, Canada's main importing competitors in Passenger and Cargo Ships were:
Liberia $11.2B
United States $7.14B
Marshall Islands $6.8B

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $955k
TOP IMPORT POTENTIALChina+ $27.8M

Passenger and Cargo Ships’s highest export potential is United States. With an export gap of $955k.   Passenger and Cargo Ships’s highest import potential is China with an import gap of $27.8M.

See methodology.

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