Work Trucks in Canada 2020 Exports | Imports : $32.6M | $41.7M, World Rnk 11 / 120 Rnk 523 / 1208 | World Rnk 10 / 210 Rnk 666 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $790k | $1.24M, Turkey | China
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Work Trucks: 0.62, Rnk 315 / 1029
Exports In 2020, Canada exported $32.6M in Work Trucks, making it the 11th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 523rd most exported product in Canada. The main destination of Work Trucks exports from Canada are: United States ($23M), Mexico ($1.99M), Cuba ($1.19M), Saudi Arabia ($910k), and Turkey ($792k).
The fastest growing export markets for Work Trucks of Canada between 2019 and 2020 were Turkey ($790k), Australia ($327k), and Saint Pierre and Miquelon ($181k).
Imports In 2020, Canada imported $41.7M in Work Trucks, becoming the 10th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 666th most imported product in Canada. Canada imports Work Trucks primarily from: United States ($31.8M), China ($3.86M), Germany ($1.84M), Netherlands ($1.23M), and United Kingdom ($1.05M).
The fastest growing import markets in Work Trucks for Canada between 2019 and 2020 were China ($1.24M), United Kingdom ($566k), and Chile ($100k).
Tariffs In 2018, the average tariff for Canada in Work Trucks was 1.4%. The countries with the highest import tariffs for Work Trucks were Cote d'Ivoire (Canada Generalized System of Preference, 2.5%), Cameroon (Canada Generalized System of Preference, 2.5%), Republic of the Congo (Canada Generalized System of Preference, 2.5%), Egypt (Canada Generalized System of Preference, 2.5%), and Ghana (Canada Generalized System of Preference, 2.5%).
December 2022
Overview In December 2022 Canada's Work Trucks exports accounted up to C$5.27M and imports accounted up to C$8.21M, resulting in a negative trade balance of C$2.94M. Between December 2021 and December 2022 the exports of Canada's Work Trucks have increased by C$1.07M (25.5%) from C$4.2M to C$5.27M, while imports increased by C$1.42M (20.9%) from C$6.8M to C$8.21M.
Destinations In December 2022, Work Trucks were exported mostly to United States (C$3.93M), Austria (C$591k), El Salvador (C$295k), Australia (C$114k), and France (C$82.8k), and were imported mostly from United States (C$5.11M), China (C$1.65M), Japan (C$586k), Germany (C$312k), and Netherlands (C$161k).
Growth In December 2022, the increase in Work Trucks's year-by-year exports was explained primarily by an increase in exports to Jamaica (C$35.2k or 168%). In December 2022, the increase in Work Trucks's year-by-year imports was explained primarily by an increase in imports from United States (C$1.84M or 121%), United Kingdom (C$445k or 1.8k%), and Taiwan (C$21.7k or 382%).
EXPORT GROWTH (December 2021 - December 2022): C$1.07M, (25.5%)
IMPORT GROWTH (December 2021 - December 2022): C$1.42M, (20.9%)
MAIN EXPORTER (December 2022): Quebec, C$4.42M
MAIN DESTINATION (December 2022): United States, C$3.93M
This section shows Work Trucks'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 Work Trucks over time.
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EXPORTS (2020): $32.6M
IMPORTS (2020): $41.7M
NET TRADE (2020): -$9.15M
In 2020, Canada exported $32.6M in Work Trucks. The main destinations of Canada exports on Work Trucks were United States ($23M), Mexico ($1.99M), Cuba ($1.19M), Saudi Arabia ($910k), and Turkey ($792k).
In 2020, Canada imported $41.7M in Work Trucks, mainly from United States ($31.8M), China ($3.86M), Germany ($1.84M), Netherlands ($1.23M), and United Kingdom ($1.05M).
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Work Trucks were:
In 2020, Canada's main importing competitors in Work Trucks were:
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