Ontario

Overview In August 2024 Ontario exported C$20.4B and imported C$39.8B, resulting in a negative trade balance of C$19.4B. Between August 2023 and August 2024 the exports of Ontario have decreased by $-1.51B (-6.89%) from C$22B to C$20.4B, while imports increased by C$12.6M (0.032%) from C$39.8B to C$39.8B.

Trade In August 2024, the top exports of Ontario were Gold (C$2.9B), Cars (C$2.87B), Motor vehicles; parts and accessories (8701... (C$1.37B), Delivery Trucks (C$571M), and Packaged Medicaments (C$550M). In August 2024 the top imports of Ontario were Cars (C$3.23B), Delivery Trucks (C$2.46B), Gold (C$2.13B), Motor vehicles; parts and accessories (8701... (C$1.79B), and Commodities not elsewhere specified (C$1.39B).

Destinations In August 2024, Ontario exported mostly to United States (C$15.2B), United Kingdom (C$2.71B), Mexico (C$351M), China (C$264M), and Switzerland (C$248M), and imported mostly from United States (C$20.8B), China (C$4.54B), Mexico (C$2.92B), Japan (C$1.27B), and South Korea (C$939M).

Growth In August 2024, the decrease in Ontario's year-by-year exports was explained primarily by an decrease in exports to United States (C$-3.14B or -17.2%), Hong Kong (C$-338M or -92.8%), and Norway (C$-120M or -51.8%), and product exports decrease in Cars (C$-1.39B or -32.7%), Other Precious Metal Products (C$-126M or -44.6%), and Motor vehicles; parts and accessories (8701... (C$-124M or -8.36%). In August 2024, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from South Africa (C$520M or 296%), South Korea (C$197M or 26.5%), and China (C$147M or 3.35%), and product imports increase in Gold (C$1.15B or 118%), Computers (C$338M or 35.2%), and Cars (C$250M or 8.42%).