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.

Historical Data

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Yearly Exports

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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).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2021 - Dec 2022)

Rapidly Declining Export Origins (Dec 2021 - Dec 2022)

Yearly Imports

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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).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2021 - Dec 2022)

Rapidly Declining Import Origins (Dec 2021 - Dec 2022)

Economic Complexity

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Economic Complexity of Ontario

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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.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Ontario it is in position 1st considering its ECI in the last year.

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Export Opportunities by Relatedness

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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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Ontario. These are products that tend to be co-exported with the products that Ontario exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.