Overview In October 2022 Canada's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to C$1.48B and imports accounted up to C$1.89B, resulting in a negative trade balance of C$411M. Between October 2021 and October 2022 the exports of Canada's Motor vehicles; parts and accessories (8701 to 8705) have increased by C$327M (28.3%) from C$1.16B to C$1.48B, while imports increased by C$270M (16.6%) from C$1.62B to C$1.89B.
Destinations In October 2022, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (C$1.34B), Mexico (C$109M), Finland (C$6.81M), China (C$6.39M), and Germany (C$3.81M), and were imported mostly from United States (C$1.17B), China (C$217M), Mexico (C$173M), Japan (C$104M), and Germany (C$45.8M).
Growth In October 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to France (C$1.09M or 276%), China (C$904k or 17.9%), and Finland (C$500k or 99.2%). In October 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from China (C$6.18M or 4.42%), Germany (C$4.03M or 10.1%), and Japan (C$2.85M or 2.98%).