Vehicle Parts in Canada 2020 Exports | Imports : $9.06B | $14.6B, World Rnk 12 / 226 Rnk 4 / 1208 | World Rnk 5 / 226 Rnk 2 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.99M | $7.85M, Slovakia | Thailand
Exports In 2020, Canada exported $9.06B in Vehicle Parts, making it the 12th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 4th most exported product in Canada. The main destination of Vehicle Parts exports from Canada are: United States ($8.02B), Mexico ($781M), China ($50.3M), Finland ($27.1M), and Australia ($17.8M).
The fastest growing export markets for Vehicle Parts of Canada between 2019 and 2020 were Slovakia ($2.99M), Chile ($1.85M), and Italy ($1.41M).
Imports In 2020, Canada imported $14.6B in Vehicle Parts, becoming the 5th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 2nd most imported product in Canada. Canada imports Vehicle Parts primarily from: United States ($10.3B), Mexico ($1.17B), China ($1.08B), Japan ($1.03B), and Germany ($276M).
The fastest growing import markets in Vehicle Parts for Canada between 2019 and 2020 were Thailand ($7.85M), Honduras ($4.56M), and Vietnam ($3.04M).
Tariffs In 2018, the average tariff for Canada in Vehicle Parts was 1.85%. The countries with the highest import tariffs for Vehicle Parts were Botswana (Most Favoured Nation duty rate treatement, 3.23%), Algeria (Most Favoured Nation duty rate treatement, 3.23%), Western Sahara (Most Favoured Nation duty rate treatement, 3.23%), Gabon (Most Favoured Nation duty rate treatement, 3.23%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 3.23%).
November 2021
Overview In November 2021 Canada's Vehicle Parts exports accounted up to C$1.2B and imports accounted up to C$1.69B, resulting in a negative trade balance of C$497M. Between November 2020 and November 2021 the exports of Canada's Vehicle Parts have increased by C$60.2M (5.3%) from C$1.14B to C$1.2B, while imports decreased by C$-256M (-13.1%) from C$1.95B to C$1.69B.
Destinations In November 2021, Vehicle Parts were exported mostly to United States (C$1.08B), Mexico (C$83M), Finland (C$7.7M), China (C$6.9M), and Australia (C$2.16M), and were imported mostly from United States (C$1.13B), China (C$159M), Mexico (C$151M), Japan (C$99.1M), and Germany (C$32.4M).
Growth In November 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to Mexico (C$4.18M or 4.29%), United Kingdom (C$2.39M or 149%), and China (C$772k or 18.1%). In November 2021, the decrease in Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from United States (C$-398M or -26.2%), Mexico (C$-62M or -24.9%), and China (C$-22.9M or -14.1%).
EXPORT GROWTH (November 2020 - November 2021): C$60.2M, (5.3%)
IMPORT GROWTH (November 2020 - November 2021): C$-256M, (-13.1%)
MAIN EXPORTER (November 2021): Ontario, C$1.08B
MAIN DESTINATION (November 2021): United States, C$1.08B
This section shows Vehicle Parts'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 Vehicle Parts over time.
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EXPORTS (2020): $9.06B
IMPORTS (2020): $14.6B
NET TRADE (2020): -$5.52B
In 2020, Canada exported $9.06B in Vehicle Parts. The main destinations of Canada exports on Vehicle Parts were United States ($8.02B), Mexico ($781M), China ($50.3M), Finland ($27.1M), and Australia ($17.8M).
In 2020, Canada imported $14.6B in Vehicle Parts, mainly from United States ($10.3B), Mexico ($1.17B), China ($1.08B), Japan ($1.03B), and Germany ($276M).
IN 2020, Canada HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:
IN 2020, Canada HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:
THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Canada WERE (2019 - 2020):
In 2019, Canada's main exporting competitors in Vehicle Parts were:
In 2019, Canada's main importing competitors in Vehicle Parts were:
In 2018, the average tariff for Canada in Vehicle Parts was 1.85%.
The countries with the highest tariffs for Vehicle Parts in Canada were Botswana (Most Favoured Nation duty rate treatement, 3.23%), Algeria (Most Favoured Nation duty rate treatement, 3.23%), Western Sahara (Most Favoured Nation duty rate treatement, 3.23%), Gabon (Most Favoured Nation duty rate treatement, 3.23%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 3.23%).
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