OntarioProvince in Canada
2020 Economic Complexity : 0.12, Rank 1 of 10
Dec 2022 Trade Exports | Imports: C$ 19.2B | C$ 35.2B, 1 of 13 | 1 of 12
Dec 2022 Country Destination | Origin: United States | United States , C$ 15.2B | C$ 18.7B
Dec 2022 Product Exports | Imports: Medium Sized Cars | Commodities not specified according to kind , C$ 1.7B | C$ 1.93B
Overview This page contains the latest international trade data for Ontario. In December 2022 Ontario was the number 1 in total exports and the number 1 in total imports in Canada.
Exports In 2022, Canada's Ontario exported C$ 226B, making it the 1st largest exporter out of the 13 exporters in Canada. In 2022 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 16.8B), Medium Sized Cars (C$ 14.7B), Large Sized Cars (C$ 12.4B), Others parts and accessories of bodies... (C$ 5.83B), and Medicaments nes, in dosage (C$ 5.17B).
Imports In 2022, Canada's Ontario imported C$ 439B, making it the 1st largest importer out of the 13 importers in Canada. In 2022 top imports of Ontario were Spark ignition Trucks < 5... (C$ 13.5B), Commodities not specified according to kind (C$ 13.1B), Medium Sized Cars (C$ 12.4B), Gold in unwrought forms non-monetary (C$ 10.2B), and Large Sized Cars (C$ 9.27B).
Economic Complexity In 2020, the highest complexity exports of Ontario according to the product complexity index (PCI) are Nickel Powder (0.63), Other Isotopes (0.13), Other Precious Metal Products (0.077), Asphalt (-0.099), and Baked Goods (-0.31). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
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%).
EXPORT GROWTH (December 2021 - December 2022): C$1.54B, (8.73%)
IMPORT GROWTH (December 2021 - December 2022): C$581M, (1.68%)
This section shows exports and imports data at subnational level for Ontario. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Ontario over time.
For full datasets download visit Bulk Download page.
Top Destination (2022): United States, C$ 177B
Top Product (2022): Gold in unwrought forms non-monetary, C$ 16.8B
In 2022 the top export destinations of Ontario were United States (C$ 177B), United Kingdom (C$ 13.2B), Norway (C$ 3.6B), Germany (C$ 3.37B), and Mexico (C$ 3.23B).
In 2022 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 16.8B), Medium Sized Cars (C$ 14.7B), Large Sized Cars (C$ 12.4B), Others parts and accessories of bodies... (C$ 5.83B), and Medicaments nes, in dosage (C$ 5.17B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): United States, C$ 230B
Top Import (2022): Spark ignition Trucks < 5..., C$ 13.5B
In 2022 the top import origins of Ontario were United States (C$ 230B), China (C$ 55.9B), Mexico (C$ 31.2B), Japan (C$ 11.4B), and Germany (C$ 11B).
In 2022 the top imports of Ontario were Spark ignition Trucks < 5... (C$ 13.5B), Commodities not specified according to kind (C$ 13.1B), Medium Sized Cars (C$ 12.4B), Gold in unwrought forms non-monetary (C$ 10.2B), and Large Sized Cars (C$ 9.27B).
Fastest Growing Import Origins (Dec 2021 - Dec 2022)
Rapidly Declining Import Origins (Dec 2021 - Dec 2022)
Economic Complexity (2022): 0.12
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 Rough Wood (0.35), Rough Wood (0.35), Rough Wood (0.35), Rough Wood (0.35), and Other Fermented Beverages (0.35).
The highest complexity exports of Ontario according to the product complexity index (PCI) are Nickel Powder (0.63), Other Isotopes (0.13), Other Precious Metal Products (0.077), Asphalt (-0.099), and Baked Goods (-0.31). 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 (37.8), Nickel Mattes (33.5), Nickel Powder (28.2), Precipitated Copper (23.7), and Cucumbers (16.0).
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. Bubble size corresponds to exports value by year 2020.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb