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2022
Exports $954MWorld Rnk 2 / 78
Flag Rnk 93 / 1210
2022
Destination $41.7M Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $41.7MUnited States
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.46Rnk 688 / 1025
2022
Imports $143MWorld Rnk 7 / 130
Flag Rnk 498 / 1213
2022
Origin $19.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $19.2MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $954M in Tanks and Armored vehicles, making it the 2nd largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 93rd most exported product in Canada. The main destination of Tanks and Armored vehicles exports from Canada are: Saudi Arabia ($545M), United States ($222M), Germany ($62.7M), Ukraine ($40.8M), and Singapore ($16.3M).

The fastest growing export markets for Tanks and Armored vehicles of Canada between 2021 and 2022 were United States ($41.7M), Ukraine ($40.8M), and Germany ($22.2M).

Imports In 2022, Canada imported $143M in Tanks and Armored vehicles, becoming the 7th largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 498th most imported product in Canada. Canada imports Tanks and Armored vehicles primarily from: United States ($74.4M), Germany ($21.5M), Switzerland ($13.7M), Canada ($11.1M), and Israel ($9.62M).

The fastest growing import markets in Tanks and Armored vehicles for Canada between 2021 and 2022 were United States ($19.2M), Israel ($9.52M), and United Kingdom ($936k).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Tanks and Armored vehicles exports accounted up to C$34.6M and imports accounted up to C$15.9M, resulting in a positive trade balance of C$18.7M. Between September 2023 and September 2024 the exports of Canada's   Tanks and Armored vehicles have decreased by C$-181M (-84%) from C$216M to C$34.6M, while imports decreased by C$-1.35M (-7.83%) from C$17.3M to C$15.9M.

Destinations In September 2024, Tanks and Armored vehicles were exported mostly to United States (C$28.9M), Singapore (C$2.04M), Saudi Arabia (C$1.04M), Australia (C$833k), and Germany (C$718k), and were imported mostly from United States (C$5.29M), Switzerland (C$4.85M), Canada (C$4.12M), Germany (C$1.47M), and Mexico (C$55.2k).

Growth In September 2024, the decrease in Tanks and Armored vehicles's year-by-year exports was explained primarily by a decrease in exports to Norway (C$-1.95M or -98.6%). In September 2024, the decrease in Tanks and Armored vehicles's year-by-year imports was explained primarily by a decrease in imports from Switzerland (C$-1.9M or -31.5%), United Kingdom (C$-231k or -90.4%), and Germany (C$-184k or -8.39%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-181M(-84%)
IMPORT GROWTH (September 2023 - September 2024)C$-1.35M(-7.83%)
MAIN EXPORTER (September 2024)OntarioC$400M
MAIN DESTINATION (September 2024)United StatesC$28.9M

This section shows Tanks and Armored vehicles'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 Tanks and Armored vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$954M
IMPORTS (2022)$143M
NET TRADE (2022)$811M

In 2022, Canada exported $954M in Tanks and Armored vehicles. The main destinations of Canada exports on Tanks and Armored vehicles were Saudi Arabia ($545M), United States ($222M), Germany ($62.7M), Ukraine ($40.8M), and Singapore ($16.3M).

In 2022, Canada imported $143M in Tanks and Armored vehicles, mainly from United States ($74.4M), Germany ($21.5M), Switzerland ($13.7M), Canada ($11.1M), and Israel ($9.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$41.7M (23.2%)
Ukraine$40.8M (1%)
Germany$22.2M (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY Canada WERE (2021 - 2022):
Saudi Arabia-$845M (-60.8%)
Canada-$5.89M (-34.6%)
Japan-$4.55M (-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 Tanks and Armored vehicles were:
United States $954M
Germany $377M
In 2022, Canada's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
United States $379M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $31.4M
TOP IMPORT POTENTIALUnited States+ $10.4M

Tanks and Armored vehicles’s highest export potential is United States. With an export gap of $31.4M.   Tanks and Armored vehicles’s highest import potential is United States with an import gap of $10.4M.

See methodology.

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