Overview In October 2022 Ontario exported C$19.1B and imported C$39B, resulting in a negative trade balance of C$19.9B. Between October 2021 and October 2022 the exports of Ontario have increased by $2.23B (13.3%) from C$16.8B to C$19.1B, while imports increased by C$6.32B (19.3%) from C$32.7B to C$39B.
Trade In October 2022, the top exports of Ontario were Cars (C$2.38B), Motor vehicles; parts and accessories (8701... (C$1.34B), Gold (C$883M), Baked Goods (C$598M), and Delivery Trucks (C$490M). In October 2022 the top imports of Ontario were Cars (C$2.56B), Delivery Trucks (C$2.1B), Motor vehicles; parts and accessories (8701... (C$1.6B), Telephones (C$1.56B), and Commodities not elsewhere specified (C$1.32B).
Destinations In October 2022, Ontario exported mostly to United States (C$15.5B), United Kingdom (C$750M), Norway (C$339M), China (C$276M), and Mexico (C$275M), and imported mostly from United States (C$20.5B), China (C$5.15B), Mexico (C$2.73B), Germany (C$908M), and South Korea (C$818M).
Growth In October 2022, 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$108M or 76.9%), and United Kingdom (C$107M or 6.29%), and product exports increase in N/A. In October 2022, the increase in Ontario's year-by-year imports was explained primarily by an increase in imports from China (C$670M or 20.2%), Vietnam (C$147M or 45.1%), and Belgium (C$116M or 189%), and product imports increase in Computers (C$238M or 29.5%), Telephones (C$199M or 27.2%), and Gold (C$173M or 23.1%).