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Pricing

2023
Exports $1.62BWorld Rnk 2 / 72
Flag Rnk 58 / 1212
2023
Destination $556M Saudi Arabia
2022 - 2023
FASTEST GROWING MARKET $556MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.48Rnk 692 / 1025
2023
Imports $167MWorld Rnk 10 / 127
Flag Rnk 430 / 1211
2023
Origin $4.34M United States
2022 - 2023
FASTEST GROWING ORIGIN $4.34MSwitzerland
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.62B 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 58th most exported product in Canada. The main destination of Tanks and Armored vehicles exports from Canada are: Saudi Arabia ($1.1B), United States ($221M), Ukraine ($203M), Poland ($26.4M), and Singapore ($21.4M).

The fastest growing export markets for Tanks and Armored vehicles of Canada between 2022 and 2023 were Saudi Arabia ($556M), Ukraine ($162M), and United States ($29.9M).

Imports In 2023, Canada imported $167M in Tanks and Armored vehicles, becoming the 10th largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 430th most imported product in Canada. Canada imports Tanks and Armored vehicles primarily from: United States ($67.1M), Switzerland ($66.4M), Germany ($13.2M), Israel ($8.58M), and Belgium ($5.17M).

The fastest growing import markets in Tanks and Armored vehicles for Canada between 2022 and 2023 were Switzerland ($4.34M), Japan ($2.57M), and Finland ($442k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Tanks and Armored vehicles exports accounted up to C$181M and imports accounted up to C$32.3M, resulting in a positive trade balance of C$148M. Between December 2023 and December 2024 the exports of Canada's   Tanks and Armored vehicles have increased by C$125M (223%) from C$56M to C$181M, while imports increased by C$16M (98.3%) from C$16.3M to C$32.3M.

Destinations In December 2024, Tanks and Armored vehicles were exported mostly to Ukraine (C$117M), United States (C$32.6M), Saudi Arabia (C$25.1M), Singapore (C$3.54M), and Haiti (C$897k), and were imported mostly from Switzerland (C$21.1M), United States (C$5.86M), Germany (C$1.95M), Israel (C$1.89M), and Canada (C$1.19M).

Growth In December 2024, the increase in Tanks and Armored vehicles's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (C$16.5M or 13.9%), United States (C$2.12M or 9.49%), and Singapore (C$2M or 138%). In December 2024, the increase in Tanks and Armored vehicles's year-by-year imports was explained primarily by an increase in imports from Germany (C$3.12M or 156%), Switzerland (C$1.89M or 45.9%), and Denmark (C$94.3k or 281%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$125M(223%)
IMPORT GROWTH (December 2023 - December 2024)C$16M(98.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)UkraineC$117M

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 (2023)$1.62B
IMPORTS (2023)$167M
NET TRADE (2023)$1.45B

In 2023, Canada exported $1.62B in Tanks and Armored vehicles. The main destinations of Canada exports on Tanks and Armored vehicles were Saudi Arabia ($1.1B), United States ($221M), Ukraine ($203M), Poland ($26.4M), and Singapore ($21.4M).

In 2023, Canada imported $167M in Tanks and Armored vehicles, mainly from United States ($67.1M), Switzerland ($66.4M), Germany ($13.2M), Israel ($8.58M), and Belgium ($5.17M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Saudi Arabia$556M (102%)
Ukraine$162M (397%)
United States$29.9M (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY Canada WERE (2022 - 2023):
Germany-$58.8M (-93.9%)
Czechia-$15.2M (-100%)
Belgium-$8.85M (-99.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Tanks and Armored vehicles were:
Singapore $9.17B
United States $963M
In 2023, Canada's main importing competitors in Tanks and Armored vehicles were:
Nigeria $9.17B
Saudi Arabia $1.11B
Poland $659M

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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.

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