Overview In December 2022 Manitoba exported C$1.95B and imported C$2.45B, resulting in a negative trade balance of C$506M. Between December 2021 and December 2022 the exports of Manitoba have increased by $558M (40.2%) from C$1.39B to C$1.95B, while imports increased by C$336M (15.9%) from C$2.12B to C$2.45B.
Trade In December 2022, the top exports of Manitoba were Soybeans (C$310M), Packaged Medicaments (C$201M), Wheat (C$159M), Rapeseed (C$122M), and Rapeseed Oil (C$110M). In December 2022 the top imports of Manitoba were Gas Turbines (C$172M), Pesticides (C$101M), Mixed Mineral or Chemical Fertilizers (C$88.1M), Cars (C$83.5M), and Tractors (C$65.8M).
Destinations In December 2022, Manitoba exported mostly to United States (C$1.17B), China (C$268M), Iran (C$103M), Japan (C$73.2M), and Mexico (C$69.9M), and imported mostly from United States (C$1.82B), China (C$139M), Mexico (C$108M), Japan (C$58M), and Germany (C$39.5M).
Growth In December 2022, the increase in Manitoba's year-by-year exports was explained primarily by an increase in exports to United States (C$123M or 13%), Japan (C$29.9M or 36.9%), and Mexico (C$6.88M or 14.6%), and product exports increase in Packaged Medicaments (C$33M or 15.7%), Crude Petroleum (C$25M or 96.3%), and Other Frozen Vegetables (C$19M or 44.8%). In December 2022, the increase in Manitoba's year-by-year imports was explained primarily by an increase in imports from United States (C$230M or 19.2%), Mexico (C$15.1M or 24.1%), and Belgium (C$14M or 313%), and product imports increase in Mixed Mineral or Chemical Fertilizers (C$37M or 69.7%), Gas Turbines (C$29.6M or 61.7%), and Electricity (C$29.1M or 2.61k%).