OntarioProvince in Canada
2020 Economic Complexity : 0.11, Rank 1 of 10
Oct 2022 Trade Exports | Imports: C$ 19.1B | C$ 39B, 1 of 13 | 1 of 12
Oct 2022 Country Destination | Origin: United States | United States , C$ 15.5B | C$ 20.5B
Oct 2022 Product Exports | Imports: Medium Sized Cars | Spark ignition Trucks < 5 tonnes , C$ 1.32B | C$ 1.36B
Overview This page contains the latest international trade data for Ontario. In October 2022 Ontario was the number 1 in total exports and the number 1 in total imports in Canada.
Exports In 2021, Canada's Ontario exported C$ 197B, making it the 1st largest exporter out of the 13 exporters in Canada. In 2021 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 15.8B), Medium Sized Cars (C$ 12.4B), Large Sized Cars (C$ 12.3B), Others parts and accessories of bodies... (C$ 4.86B), and Small Sized Cars (C$ 4.54B).
Imports In 2021, Canada's Ontario imported C$ 373B, making it the 1st largest importer out of the 13 importers in Canada. In 2021 top imports of Ontario were Medium Sized Cars (C$ 12.4B), Spark ignition Trucks < 5... (C$ 12B), Commodities not specified according to kind (C$ 11.9B), Large Sized Cars (C$ 8.36B), and Telephones for cellular networks or for... (C$ 7.62B).
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), Baked Goods (-0.31), and Tanks and Armored vehicles (-0.39). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
October, 2022
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%).
EXPORT GROWTH (October 2021 - October 2022): C$2.23B, (13.3%)
IMPORT GROWTH (October 2021 - October 2022): C$6.32B, (19.3%)
This section shows exports and imports data at subnational level for Ontario. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Ontario over time.
For full datasets download visit Bulk Download page.
Top Destination (2021): United States, C$ 153B
Top Product (2021): Gold in unwrought forms non-monetary, C$ 15.8B
In 2021 the top export destinations of Ontario were United States (C$ 153B), United Kingdom (C$ 12.8B), Germany (C$ 3.07B), China (C$ 2.81B), and Norway (C$ 2.8B).
In 2021 the top exports of Ontario were Gold in unwrought forms non-monetary (C$ 15.8B), Medium Sized Cars (C$ 12.4B), Large Sized Cars (C$ 12.3B), Others parts and accessories of bodies... (C$ 4.86B), and Small Sized Cars (C$ 4.54B).
Top Origin (2021): United States, C$ 196B
Top Import (2021): Medium Sized Cars, C$ 12.4B
In 2021 the top import origins of Ontario were United States (C$ 196B), China (C$ 49.4B), Mexico (C$ 25.8B), Japan (C$ 10.4B), and Germany (C$ 9.31B).
In 2021 the top imports of Ontario were Medium Sized Cars (C$ 12.4B), Spark ignition Trucks < 5... (C$ 12B), Commodities not specified according to kind (C$ 11.9B), Large Sized Cars (C$ 8.36B), and Telephones for cellular networks or for... (C$ 7.62B).
Fastest Growing Import Origins (Oct 2021 - Oct 2022)
Rapidly Declining Import Origins (Oct 2021 - Oct 2022)
Economic Complexity (2021): 0.11
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 (0.34), Other Prepared Meat (0.34), Milk (0.34), Sausages (0.34), and Harvesting Machinery (0.34).
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), Baked Goods (-0.31), and Tanks and Armored vehicles (-0.39). 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 (45.3), Tanks and Armored vehicles (29.8), Nickel Mattes (23.6), Nickel Powder (21.3), and Precipitated Copper (21.3).
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.
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