Overview: In January 2021 Ontario exported C$16.6B and imported C$27.3B, resulting in a negative trade balance of C$10.7B. Between January 2020 and January 2021 the exports of Ontario have increased by $32.6M (0.2%) from C$16.6B to C$16.6B, while imports increased by C$210M (0.78%) from C$27.1B to C$27.3B.
Trade: In January 2021, the top exports of Ontario were Cars (C$3.07B), Gold (C$2.09B), Vehicle Parts (C$1.02B), Armored vehicles (C$501M), and Other Precious Metal Products (C$406M). In January 2021 the top imports of Ontario were N/A.
Destinations: In January 2021, Ontario exported mostly to United States (C$12.1B), United Kingdom (C$1.8B), Saudi Arabia (C$501M), Hong Kong (C$274M), and Mexico (C$258M), and imported mostly from United States (C$13.9B), China (C$3.9B), Mexico (C$1.93B), Japan (C$717M), and Germany (C$634M).
Growth: In January 2021, the increase in Ontario's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (C$252M or 101%), China (C$105M or 74.7%), and United Kingdom (C$105M or 6.19%), and product exports increase in Other Precious Metal Products (C$338M or 493%), Armored vehicles (C$249M or 98.7%), and Coin (C$69.9M or 77.3%). In January 2021, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from China (C$593M or 17.9%), Vietnam (C$145M or 44.4%), and Belgium (C$116M or 189%), and product imports increase in Telephones (C$185M or 25.3%), Gold (C$173M or 23.1%), and Computers (C$125M or 15.4%).