Ontario

Overview In December 2024 Ontario exported C$22.2B and imported C$37.5B, resulting in a negative trade balance of C$15.3B. Between December 2023 and December 2024 the exports of Ontario have increased by $3.03B (15.8%) from C$19.1B to C$22.2B, while imports increased by C$1.15B (3.18%) from C$36.3B to C$37.5B.

Trade In December 2024, the top exports of Ontario were Gold (C$3.35B), Cars (C$3.03B), Motor vehicles; parts and accessories (8701... (C$1.02B), Delivery Trucks (C$803M), and Other Precious Metal Products (C$551M). In December 2024 the top imports of Ontario were Commodities not elsewhere specified (C$4.34B), Cars (C$2.79B), Motor vehicles; parts and accessories (8701... (C$1.62B), Telephones (C$1.31B), and Gold (C$1.28B).

Destinations In December 2024, Ontario exported mostly to United States (C$17.2B), United Kingdom (C$1.92B), Mexico (C$283M), China (C$259M), and Switzerland (C$234M), and imported mostly from United States (C$20.4B), China (C$3.89B), Mexico (C$2.84B), South Korea (C$940M), and Germany (C$891M).

Growth In December 2024, the increase in Ontario's year-by-year exports was explained primarily by an increase in exports to United States (C$2.23B or 14.9%), United Kingdom (C$717M or 59.5%), and Switzerland (C$196M or 514%), and product exports increase in Gold (C$1.63B or 94.2%), Other Precious Metal Products (C$525M or 2k%), and Delivery Trucks (C$189M or 30.7%). In December 2024, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from United States (C$1.67B or 8.93%), Vietnam (C$143M or 21.5%), and Belgium (C$128M or 108%), and product imports increase in Commodities not elsewhere specified (C$2.08B or 91.8%), Nucleic Acids (C$147M or 840%), and Telephones (C$139M or 11.9%).