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2023
Exports $376MWorld Rnk 3 / 84
Flag Rnk 197 / 1212
2023
Destination $102M United States
2022 - 2023
FASTEST GROWING MARKET $102MUnited States
2023
PRODUCT COMPLEXITY IN Railway Freight Cars-0.044Rnk 574 / 1025
2023
Imports $330MWorld Rnk 3 / 143
Flag Rnk 287 / 1211
2023
Origin $31.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $31.7MMexico
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $376M in Railway Freight Cars, making it the 3rd largest exporter of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 197th most exported product in Canada. The main destination of Railway Freight Cars exports from Canada are: United States ($369M), Indonesia ($6M), Saudi Arabia ($149k), United Kingdom ($28.3k), and Kazakhstan ($27.2k).

The fastest growing export markets for Railway Freight Cars of Canada between 2022 and 2023 were United States ($102M), Indonesia ($4.35M), and Saudi Arabia ($149k).

Imports In 2023, Canada imported $330M in Railway Freight Cars, becoming the 3rd largest importer of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 287th most imported product in Canada. Canada imports Railway Freight Cars primarily from: United States ($193M), Mexico ($136M), Turkey ($175k), United Kingdom ($29.8k), and France ($25.2k).

The fastest growing import markets in Railway Freight Cars for Canada between 2022 and 2023 were Mexico ($31.7M), Turkey ($88.3k), and United Kingdom ($29.8k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Railway Freight Cars from Canada to the United States.

Latest Trends

December 2022

About

Overview In December 2022 Canada's Railway Freight Cars exports accounted up to C$2.16M and imports accounted up to C$16M, resulting in a negative trade balance of C$13.9M. Between February 2020 and December 2022 the exports of Canada's   Railway Freight Cars have increased by C$1.67M (338%) from C$493k to C$2.16M, while imports decreased by C$-18.9M (-54.1%) from C$35M to C$16M.

Destinations In December 2022, Railway Freight Cars were exported mostly to , and were imported mostly from United States (C$14.3M), Mexico (C$1.75M), and China (C$12).

Growth In December 2022, the increase in Railway Freight Cars's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Railway Freight Cars's year-by-year imports was explained primarily by a decrease in imports from United States (C$-30.3M or -60.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2020 - December 2022)C$1.67M(338%)
IMPORT GROWTH (November 2023 - November 2024)C$-18.9M(-54.1%)
MAIN EXPORTER (December 2022)
MAIN DESTINATION (December 2022)

This section shows Railway Freight Cars'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 Railway Freight Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$376M
IMPORTS (2023)$330M
NET TRADE (2023)$45.5M

In 2023, Canada exported $376M in Railway Freight Cars. The main destinations of Canada exports on Railway Freight Cars were United States ($369M), Indonesia ($6M), Saudi Arabia ($149k), United Kingdom ($28.3k), and Kazakhstan ($27.2k).

In 2023, Canada imported $330M in Railway Freight Cars, mainly from United States ($193M), Mexico ($136M), Turkey ($175k), United Kingdom ($29.8k), and France ($25.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway Freight Cars EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$102M (38%)
Indonesia$4.35M (263%)
Saudi Arabia$149k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Freight Cars BY Canada WERE (2022 - 2023):
France-$28.5k (-100%)
Cuba-$20k (-100%)
Tanzania-$224 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Railway Freight Cars were:
Slovakia $479M
China $376M
In 2023, Canada's main importing competitors in Railway Freight Cars were:
Germany $743M
United States $513M

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Trade Value of Railway Freight Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $568k
TOP IMPORT POTENTIALTurkey+ $520k

Railway Freight Cars’s highest export potential is Indonesia. With an export gap of $568k.   Railway Freight Cars’s highest import potential is Turkey with an import gap of $520k.

See methodology.

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