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Pricing

2022
Exports $50.6MWorld Rnk 8 / 130
Flag Rnk 494 / 1210
2022
Destination $5.49M United States
2021 - 2022
FASTEST GROWING MARKET $5.49MGreenland
2022
PRODUCT COMPLEXITY IN Work Trucks0.63Rnk 306 / 1025
2022
Imports $75.9MWorld Rnk 6 / 208
Flag Rnk 623 / 1213
2022
Origin $22M United States
2021 - 2022
FASTEST GROWING ORIGIN $22MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $50.6M in Work Trucks, making it the 8th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 494th most exported product in Canada. The main destination of Work Trucks exports from Canada are: United States ($33.8M), Greenland ($5.49M), Cuba ($3.07M), Iceland ($2.69M), and Mexico ($795k).

The fastest growing export markets for Work Trucks of Canada between 2021 and 2022 were Greenland ($5.49M), United States ($4.33M), and Iceland ($2.69M).

Imports In 2022, Canada imported $75.9M in Work Trucks, becoming the 6th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 623rd most imported product in Canada. Canada imports Work Trucks primarily from: United States ($52.8M), China ($7.9M), Germany ($4.01M), France ($2.82M), and Japan ($1.51M).

The fastest growing import markets in Work Trucks for Canada between 2021 and 2022 were United States ($22M), China ($4.61M), and Germany ($3.54M).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (1) were at the forefront of shipping Work Trucks from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Work Trucks exports accounted up to C$7.57M and imports accounted up to C$9.86M, resulting in a negative trade balance of C$2.29M. Between September 2023 and September 2024 the exports of Canada's   Work Trucks have increased by C$2.03M (36.5%) from C$5.55M to C$7.57M, while imports decreased by C$-1.34M (-12%) from C$11.2M to C$9.86M.

Destinations In September 2024, Work Trucks were exported mostly to United States (C$7.14M), Australia (C$264k), Jamaica (C$78.5k), Spain (C$33.8k), and New Zealand (C$23.4k), and were imported mostly from United States (C$5.84M), China (C$1.45M), Sweden (C$1.18M), Japan (C$648k), and Italy (C$200k).

Growth In September 2024, the increase in Work Trucks's year-by-year exports was explained primarily by an increase in exports to United States (C$1.86M or 149%). In September 2024, the decrease in Work Trucks's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-307k or -65.2%), South Korea (C$-142k or -98.4%), and Chinese Taipei (C$-22.8k or -83.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$2.03M(36.5%)
IMPORT GROWTH (September 2023 - September 2024)C$-1.34M(-12%)
MAIN EXPORTER (September 2024)QuebecC$8.52M
MAIN DESTINATION (September 2024)United StatesC$7.14M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.6M
IMPORTS (2022)$75.9M
NET TRADE (2022)-$25.3M

In 2022, Canada exported $50.6M in Work Trucks. The main destinations of Canada exports on Work Trucks were United States ($33.8M), Greenland ($5.49M), Cuba ($3.07M), Iceland ($2.69M), and Mexico ($795k).

In 2022, Canada imported $75.9M in Work Trucks, mainly from United States ($52.8M), China ($7.9M), Germany ($4.01M), France ($2.82M), and Japan ($1.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Greenland$5.49M (1%)
United States$4.33M (14.7%)
Iceland$2.69M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY Canada WERE (2021 - 2022):
Spain-$251k (-91.5%)
Japan-$186k (-81.8%)
Russia-$109k (-98.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Work Trucks were:
United States $291M
Germany $239M
China $178M
In 2022, Canada's main importing competitors in Work Trucks were:
United States $311M
United Kingdom $93.7M
Netherlands $91.7M

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Trade Value of Work Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.84M
TOP IMPORT POTENTIALGermany+ $1.21M

Work Trucks’s highest export potential is United States. With an export gap of $6.84M.   Work Trucks’s highest import potential is Germany with an import gap of $1.21M.

See methodology.

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