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Overview This page contains the latest international trade data for Ontario. In November 2023 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 2022, the highest complexity exports of Ontario according to the product complexity index (PCI) are Fork-Lifts (1.61), Metal Molds (1.53), Spark-Ignition Engines (1.23), Motor vehicles; parts and accessories (8701... (1.09), Cars (0.97), Compounded Unvulcanised Rubber (0.92), Magnesium (0.9), Nickel Pipes (0.9), Other Agricultural Machinery (0.86), and Pig and Poultry Fat (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2022)United StatesC$ 177B
Top Product (2022)Gold in unwrought forms non-monetaryC$ 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

Fastest Growing Exports Destination (Nov 2022 - Nov 2023)
United States C$ 2.63B (17.8%)
Mexico C$ 57.9M (19.2%)
Saudi Arabia C$ 41.7M (255%)
Rapidly Declining Export Origins (Nov 2022 - Nov 2023)
United Kingdom C$ -312M (-25.2%)
Germany C$ -177M (-55.1%)
China C$ -126M (-38%)

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Yearly Imports

Color
Depth
Top Origin (2022)United StatesC$ 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

Fastest Growing Import Origins (Nov 2022 - Nov 2023)
Mexico C$ 616M (22.5%)
Japan C$ 334M (36.4%)
Kazakhstan C$ 251M (9.83k%)
Rapidly Declining Import Origins (Nov 2022 - Nov 2023)
United States C$ -563M (-2.79%)
Germany C$ -171M (-15.5%)
China C$ -107M (-2.24%)

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Economic Complexity

Economic Complexity of Ontario

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Economic Complexity (2022)0.1

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

Value

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

The top export opportunities according to the relatedness level, without considering those products were Ontario already has a comparative advantage, are led by Railway Freight Cars (0.35), Other Fermented Beverages (0.34), Rough Wood (0.34), Milk (0.34), and Harvesting Machinery (0.33).

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Most Complex Products by PCI

The highest complexity exports of Ontario according to the product complexity index (PCI) are Fork-Lifts (1.61), Metal Molds (1.53), Spark-Ignition Engines (1.23), Motor vehicles; parts and accessories (8701... (1.09), Cars (0.97), Compounded Unvulcanised Rubber (0.92), Magnesium (0.9), Nickel Pipes (0.9), Other Agricultural Machinery (0.86), and Pig and Poultry Fat (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Coin (395.93), Nickel Mattes (27.69), Other Precious Metal Products (26.29), Nickel Powder (23.71), and Precipitated Copper (20.31).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

Depth
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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.

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