Vehicle Parts in Canada 2019 Exports | Imports : $10.8B | $20.2B, World Rnk 11 / 225 Rnk 5 / 1208 | World Rnk 5 / 225 Rnk 2 / 1213
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.65M | $163M, Finland | Mexico
2019 ECONOMIC COMPLEXITY of Canada: 0.96, Rnk 31 / 147
2019 PRODUCT COMPLEXITY IN Vehicle Parts: 1.1, Rnk 141 / 1029
Exports In 2019, Canada exported $10.8B in Vehicle Parts, making it the 11th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 5th most exported product in Canada. The main destination of Vehicle Parts exports from Canada are: United States ($9.6B), Mexico ($903M), China ($58.3M), Finland ($38.8M), and Australia ($26.7M).
The fastest growing export markets for Vehicle Parts of Canada between 2018 and 2019 were Finland ($7.65M), South Africa ($3.28M), and Belgium ($2.34M).
Imports In 2019, Canada imported $20.2B 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 ($14.8B), Mexico ($1.83B), China ($1.2B), Japan ($1.06B), and Germany ($285M).
The fastest growing import markets in Vehicle Parts for Canada between 2018 and 2019 were Mexico ($163M), Japan ($75.3M), and Germany ($45.5M).
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%).
June 2021
Overview In June 2021 Canada's Vehicle Parts exports accounted up to C$1.1B and imports accounted up to C$1.44B, resulting in a negative trade balance of C$341M. Between June 2020 and June 2021 the exports of Canada's Vehicle Parts have increased by C$108M (11%) from C$988M to C$1.1B, while imports decreased by C$-179M (-11.1%) from C$1.62B to C$1.44B.
Destinations In June 2021, Vehicle Parts were exported mostly to United States (C$969M), Mexico (C$97.3M), Finland (C$4.89M), China (C$4.25M), and United Kingdom (C$2.91M), and were imported mostly from United States (C$900M), China (C$155M), Mexico (C$128M), Japan (C$106M), and Germany (C$34.8M).
Growth In June 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to United States (C$88M or 9.99%), Mexico (C$9.41M or 10.7%), and Finland (C$1.59M or 48.3%). In June 2021, the decrease in Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from United States (C$-239M or -21%), Mexico (C$-40.6M or -24.1%), and Germany (C$-7.28M or -17.3%).
EXPORT GROWTH (June 2020 - June 2021): C$108M, (11%)
IMPORT GROWTH (June 2020 - June 2021): C$-179M, (-11.1%)
MAIN EXPORTER (June 2021): Ontario, C$997M
MAIN DESTINATION (June 2021): United States, C$969M
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 (2019): $10.8B
IMPORTS (2019): $20.2B
NET TRADE (2019): -$9.34B
In 2019, Canada exported $10.8B in Vehicle Parts. The main destinations of Canada exports on Vehicle Parts were United States ($9.6B), Mexico ($903M), China ($58.3M), Finland ($38.8M), and Australia ($26.7M).
In 2019, Canada imported $20.2B in Vehicle Parts, mainly from United States ($14.8B), Mexico ($1.83B), China ($1.2B), Japan ($1.06B), and Germany ($285M).
IN 2019, Canada HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:
IN 2019, Canada HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:
THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Canada WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Canada WERE (2018 - 2019):
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%).