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2018
Exports $931MWorld Rnk 4 / 178
Flag Rnk 98 / 1210
2018
Destination $253M United States
2021 - 2022
FASTEST GROWING MARKET $253MUnited States
2022
PRODUCT COMPLEXITY IN Soil Preparation Machinery0.69Rnk 279 / 1025
2018
Imports $694MWorld Rnk 4 / 211
Flag Rnk 167 / 1213
2018
Origin $106M United States
2021 - 2022
FASTEST GROWING ORIGIN $106MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2018, Canada exported $931M in Soil Preparation Machinery, making it the 4th largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 98th most exported product in Canada. The main destination of Soil Preparation Machinery exports from Canada are: United States ($743M), Australia ($90.5M), Lithuania ($47.5M), Canada ($7.76M), and Latvia ($4.64M).

The fastest growing export markets for Soil Preparation Machinery of Canada between 2021 and 2022 were United States ($253M), Australia ($31.9M), and Latvia ($4.51M).

Imports In 2022, Canada imported $694M in Soil Preparation Machinery, becoming the 4th largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 167th most imported product in Canada. Canada imports Soil Preparation Machinery primarily from: United States ($454M), China ($78M), Germany ($38.2M), France ($25.6M), and Italy ($14.1M).

The fastest growing import markets in Soil Preparation Machinery for Canada between 2021 and 2022 were United States ($106M), China ($25.6M), and France ($4.3M).

COMPANIES In 2023, leading companies such as John Deere (20) and CNH Industrial (3) were at the forefront of shipping Soil Preparation Machinery from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Soil Preparation Machinery exports accounted up to C$57.7M and imports accounted up to C$41.7M, resulting in a positive trade balance of C$16M. Between September 2023 and September 2024 the exports of Canada's   Soil Preparation Machinery have decreased by C$-38.3M (-39.9%) from C$96M to C$57.7M, while imports decreased by C$-27M (-39.3%) from C$68.7M to C$41.7M.

Destinations In September 2024, Soil Preparation Machinery were exported mostly to United States (C$51.3M), Australia (C$3.6M), Japan (C$937k), Qatar (C$784k), and Ukraine (C$262k), and were imported mostly from United States (C$28.4M), China (C$3.85M), Germany (C$1.92M), Netherlands (C$1.21M), and Sweden (C$915k).

Growth In September 2024, the decrease in Soil Preparation Machinery's year-by-year exports was explained primarily by a decrease in exports to Australia (C$-1.86M or -18.1%), Ukraine (C$-679k or -76.3%), and Japan (C$-221k or -66.9%). In September 2024, the decrease in Soil Preparation Machinery's year-by-year imports was explained primarily by a decrease in imports from Australia (C$-265k or -88.4%), Belgium (C$-154k or -79.9%), and Norway (C$-58.6k or -41.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-38.3M(-39.9%)
IMPORT GROWTH (September 2023 - September 2024)C$-27M(-39.3%)
MAIN EXPORTER (September 2024)SaskatchewanC$54.2M
MAIN DESTINATION (September 2024)United StatesC$51.3M

This section shows Soil Preparation Machinery'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 Soil Preparation Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$931M
IMPORTS (2022)$694M
NET TRADE (2022)$237M

In 2022, Canada exported $931M in Soil Preparation Machinery. The main destinations of Canada exports on Soil Preparation Machinery were United States ($743M), Australia ($90.5M), Lithuania ($47.5M), Canada ($7.76M), and Latvia ($4.64M).

In 2022, Canada imported $694M in Soil Preparation Machinery, mainly from United States ($454M), China ($78M), Germany ($38.2M), France ($25.6M), and Italy ($14.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soil Preparation Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$253M (51.6%)
Australia$31.9M (54.4%)
Latvia$4.51M (3.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soil Preparation Machinery BY Canada WERE (2021 - 2022):
Russia-$12.5M (-78.6%)
Lithuania-$3.46M (-6.78%)
Germany-$2.68M (-67.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Soil Preparation Machinery were:
Germany $2.11B
China $1.21B
Italy $1.12B
In 2022, Canada's main importing competitors in Soil Preparation Machinery were:
United States $1.7B
Germany $957M
France $950M

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Trade Value of Soil Preparation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40M
TOP IMPORT POTENTIALGermany+ $12.6M

Soil Preparation Machinery’s highest export potential is United States. With an export gap of $40M.   Soil Preparation Machinery’s highest import potential is Germany with an import gap of $12.6M.

See methodology.

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