2023
Exports
$501MWorld Rnk 20 / 168
Flag Rnk 168 / 1212
2023
PRODUCT COMPLEXITY IN Tractors
0.83Rnk 239 / 1025
2023
Imports
$5.94BWorld Rnk 2 / 214
Flag Rnk 12 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $501M in Tractors, making it the 20th largest exporter of Tractors in the world. At the same year, Tractors was the 168th most exported product in Canada. The main destination of Tractors exports from Canada are: United States ($435M), Chile ($15.1M), Brazil ($14.1M), Italy ($6.64M), and Australia ($3.9M).

The fastest growing export markets for Tractors of Canada between 2022 and 2023 were United States ($26.9M), Chile ($8.84M), and Brazil ($8.33M).

Imports In 2023, Canada imported $5.94B in Tractors, becoming the 2nd largest importer of Tractors in the world. At the same year, Tractors was the 12th most imported product in Canada. Canada imports Tractors primarily from: United States ($3.53B), Mexico ($1.37B), Germany ($456M), Japan ($160M), and United Kingdom ($104M).

The fastest growing import markets in Tractors for Canada between 2022 and 2023 were United States ($618M), Mexico ($521M), and Germany ($157M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$7.68M(13.6%)
IMPORT GROWTH (November 2023 - November 2024)C$-387M(-55.4%)
MAIN EXPORTER (November 2024)QuebecC$37.2M
MAIN DESTINATION (November 2024)United StatesC$62.5M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$501M
IMPORTS (2023)$5.94B
NET TRADE (2023)-$5.44B

In 2023, Canada exported $501M in Tractors. The main destinations of Canada exports on Tractors were United States ($435M), Chile ($15.1M), Brazil ($14.1M), Italy ($6.64M), and Australia ($3.9M).

In 2023, Canada imported $5.94B in Tractors, mainly from United States ($3.53B), Mexico ($1.37B), Germany ($456M), Japan ($160M), and United Kingdom ($104M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$26.9M (6.59%)
Chile$8.84M (141%)
Brazil$8.33M (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Canada WERE (2022 - 2023):
New Zealand-$8.03M (-75.4%)
Australia-$2.73M (-41.1%)
Kazakhstan-$1.92M (-56.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Tractors were:
In 2023, Canada's main importing competitors in Tractors were:

Explore Visualizations

Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $188M
TOP IMPORT POTENTIALGermany+ $69.4M

Tractors’s highest export potential is United States. With an export gap of $188M.   Tractors’s highest import potential is Germany with an import gap of $69.4M.

See methodology.

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