OntarioProvince in Canada
2020 Economic Complexity : 0.13, Rank 1 of 10
May 2021 Trade Exports | Imports: C$ 14.6B | C$ 30.3B, 1 of 13 | 1 of 12
May 2021 Country Destination | Origin: United States | United States , C$ 11.1B | C$ 15.6B
May 2021 Product Exports | Imports: Gold in unwrought forms non-monetary | Medium Sized Cars , C$ 1.12B | C$ 1.12B
Overview: This page contains the latest international trade data for Ontario, including export and import data.
Exports: In 2020, Canada's Ontario exported C$ 187B, making it the 1st largest exporter out of the 13 exporters in Canada. In 2020 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 19.9B), Medium Sized Cars (C$ 15.1B), Large Sized Cars (C$ 13.8B), Small Sized Cars (C$ 7.6B), and Parts and accessories of bodies nes... (C$ 4.21B).
Imports: In 2020, Canada's Ontario imported C$ 338B, making it the 1st largest importer out of the 13 importers in Canada. In 2020 top imports of Ontario were Medium Sized Cars (C$ 12.1B), Gold in unwrought forms non-monetary (C$ 11B), Spark ignition engine trucks weighing <... (C$ 10B), Commodities not specified according to kind (C$ 9.56B), and Large Sized Cars (C$ 6.93B).
Economic Complexity: In 2019, the highest complexity exports of Ontario according to the product complexity index (PCI) are Rubberworking Machinery (1.72), Metal Molds (1.52), Abrasive Powder (1.2), Casting Machines (1.09), and Cars (0.98). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In May 2021 Ontario exported C$14.6B and imported C$30.3B, resulting in a negative trade balance of C$15.7B. Between May 2020 and May 2021 the exports of Ontario have increased by $4.04B (38.2%) from C$10.6B to C$14.6B, while imports increased by C$9.77B (47.6%) from C$20.5B to C$30.3B.
Trade: In May 2021, the top exports of Ontario were Cars (C$1.8B), Gold (C$1.15B), Vehicle Parts (C$828M), Packaged Medicaments (C$400M), and Commodities not elsewhere specified (C$358M). In May 2021 the top imports of Ontario were Cars (C$2.52B), Delivery Trucks (C$1.21B), Vehicle Parts (C$1.16B), Commodities not elsewhere specified (C$1.12B), and Telephones (C$852M).
Destinations: In May 2021, Ontario exported mostly to United States (C$11.1B), United Kingdom (C$844M), Germany (C$335M), China (C$238M), and Norway (C$220M), and imported mostly from United States (C$15.6B), China (C$3.81B), Mexico (C$2.18B), Japan (C$1.04B), and Germany (C$790M).
Growth: In May 2021, the increase in Ontario's year-by-year exports was explained primarily by an increase in exports to United States (C$3.36B or 43.1%), Saudi Arabia (C$160M or 985%), and South Korea (C$140M or 390%), and product exports increase in Cars (C$1.23B or 216%), Vehicle Parts (C$589M or 246%), and Armored vehicles (C$157M or 940%). In May 2021, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from United States (C$5.63B or 56.7%), Mexico (C$1.23B or 129%), and Japan (C$670M or 179%), and product imports increase in Cars (C$2.14B or 563%), Delivery Trucks (C$998M or 467%), and Vehicle Parts (C$673M or 137%).
EXPORT GROWTH (May 2020 - May 2021): C$4.04B, (38.2%)
IMPORT GROWTH (May 2020 - May 2021): C$9.77B, (47.6%)
This section shows exports and imports data at subnational level for Ontario. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Ontario over time.
For full datasets download visit Bulk Download page.
Top Destination (2020): United States, C$ 144B
Top Product (2020): Gold in unwrought forms non-monetary, C$ 19.9B
In 2020 the top export destinations of Ontario were United States (C$ 144B), United Kingdom (C$ 16.3B), Germany (C$ 2.86B), Mexico (C$ 2.52B), and China (C$ 2.51B).
In 2020 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 19.9B), Medium Sized Cars (C$ 15.1B), Large Sized Cars (C$ 13.8B), Small Sized Cars (C$ 7.6B), and Parts and accessories of bodies nes... (C$ 4.21B).
Fastest Growing Exports Destination (May 2020 - May 2021)
Top Origin (2020): United States, C$ 176B
Top Import (2020): Medium Sized Cars, C$ 12.1B
In 2020 the top import origins of Ontario were United States (C$ 176B), China (C$ 45.7B), Mexico (C$ 23.3B), Japan (C$ 9.68B), and Germany (C$ 8.57B).
In 2020 the top imports of Ontario were Medium Sized Cars (C$ 12.1B), Gold in unwrought forms non-monetary (C$ 11B), Spark ignition engine trucks weighing <... (C$ 10B), Commodities not specified according to kind (C$ 9.56B), and Large Sized Cars (C$ 6.93B).
Fastest Growing Import Origins (May 2020 - May 2021)
Rapidly Declining Import Origins (May 2020 - May 2021)
Economic Complexity (2020): 0.13
Ontario ranks 1st out of the 13 provinces in Canada according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Ontario it is in position 1st considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Ontario already has a comparative advantage, are led by Other Prepared Meat (0.29), Milk (0.29), Insulating Glass (0.29), Large Iron Containers (0.29), and Other Fermented Beverages (0.29).
The highest complexity exports of Ontario according to the product complexity index (PCI) are Rubberworking Machinery (1.72), Metal Molds (1.52), Abrasive Powder (1.2), Casting Machines (1.09), and Cars (0.98). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Other Precious Metal Products (43.3), Armored vehicles (24.2), Nickel Mattes (21.8), Precipitated Copper (18.7), and Cucumbers (13.9).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Ontario is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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