Overview In December 2022 Ontario exported C$19.2B and imported C$35.2B, resulting in a negative trade balance of C$15.9B. Between December 2021 and December 2022 the exports of Ontario have increased by $1.54B (8.73%) from C$17.7B to C$19.2B, while imports increased by C$581M (1.68%) from C$34.6B to C$35.2B.
Trade In December 2022, the top exports of Ontario were Cars (C$3.5B), Motor vehicles; parts and accessories (8701... (C$1.31B), Gold (C$1.27B), Packaged Medicaments (C$481M), and Delivery Trucks (C$433M). In December 2022 the top imports of Ontario were Cars (C$2.28B), Commodities not elsewhere specified (C$1.93B), Motor vehicles; parts and accessories (8701... (C$1.66B), Telephones (C$1.56B), and Delivery Trucks (C$1.55B).
Destinations In December 2022, Ontario exported mostly to United States (C$15.2B), United Kingdom (C$868M), Norway (C$314M), Hong Kong (C$269M), and China (C$261M), and imported mostly from United States (C$18.7B), China (C$4.51B), Mexico (C$2.49B), Germany (C$977M), and Japan (C$816M).
Growth In December 2022, the increase in Ontario's year-by-year exports was explained primarily by an increase in exports to Netherlands (C$415M or 795%), United States (C$363M or 2.99%), and Switzerland (C$72.6M or 701%), and product exports increase in Packaged Medicaments (C$442M or 144%), Hot-Rolled Iron (C$190M or 136%), and Electricity (C$124M or 283%). In December 2022, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from United States (C$1.36B or 9.78%), South Korea (C$140M or 24.8%), and Taiwan (C$99.6M or 39.7%), and product imports increase in Vaccines, blood, antisera, toxins and cultures (C$556M or 128%), Laboratory Reagents (C$257M or 272%), and Petroleum Gas (C$216M or 152%).