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Pricing

2022
Flag → Flag
Exports $7.39BRnk 5 / 215
2022
Flag → Flag
Top Product $1BMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $22.2BRnk 2 / 156
2022
Flag → Flag
Top Product $3.59BCars
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Canada-Mexico Trade: In 2022, Canada exported $7.39B to Mexico. The main products that Canada exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). Over the past 5 years the exports of Canada to Mexico have increased at an annualized rate of 1.8%, from $6.76B in 2017 to $7.39B in 2022.

In 2020, Canada exported services to Mexico worth $781M, with Royalties and license fees ($247M), Travel ($233M), and Computer and information services ($191M) being the largest in terms of value.

Mexico-Canada Trade: In 2022, Mexico exported $22.2B to Canada. The main products that Mexico exported to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). Over the past 5 years the exports of Mexico to Canada have increased at an annualized rate of 3.62%,  from $18.6B in 2017 to $22.2B in 2022.

In 2022, Mexico did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$679M and imported C$3.76B from Mexico, resulting in a negative trade balance of C$3.08B. Between August 2023 and August 2024 the exports of Canada have decreased by C$-50.6M (-6.94%) from C$730M to C$679M, while imports increased by C$58.9M (1.59%) from C$3.7B to C$3.76B.

Trade In August 2024, the top exports of Canada to Mexico were Motor vehicles; parts and accessories (8701... (C$110M), Rapeseed (C$74.2M), Rapeseed Oil (C$35.2M), Cars (C$30.2M), and Wheat (C$27.1M). In August 2024 the top imports of Canada from Mexico were Delivery Trucks (C$401M), Cars (C$371M), Motor vehicles; parts and accessories (8701... (C$208M), Computers (C$170M), and Tractors (C$131M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$351M), Quebec (C$137M), Alberta (C$71.6M), Manitoba (C$46.8M), and Saskatchewan (C$45.9M), while imports destinations were mainly Ontario (C$2.92B), Quebec (C$235M), British Columbia (C$206M), Alberta (C$186M), and Manitoba (C$139M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Refined Petroleum (C$-70.4M or -98.7%), Rapeseed (C$-28.3M or -27.6%), and Petroleum Gas (C$-22.7M or -91.6%). In August 2024, the increase in Canada's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Delivery Trucks (C$140M or 53.5%), Cars (C$136M or 57.9%), and Motor vehicles; parts and accessories (8701... (C$79.7M or 62.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-50.6M(-6.94%)
IMPORT GROWTH (August 2023 - August 2024)C$58.9M(1.59%)
MAIN EXPORTER (August 2024)OntarioC$351M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Mexico and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $7.39B to Mexico. The main products exported from Canada to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Rapeseed ($876M), and Rapeseed Oil ($326M). During the last 5 years the exports of Canada to Mexico have increased at an annualized rate of 1.8%, from $6.76B in 2017 to $7.39B in 2022.

In 2017, Mexico exported $22.2B to Canada. The main products exported from Mexico to Canada were Cars ($3.59B), Delivery Trucks ($2.72B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.19B). During the last 5 years the exports of Mexico to Canada have increased at an annualized rate of 3.62%, from $18.6B in 2022 to $22.2B in 2017.

Exports from Canada (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Mexico
Top DestinationUnited States$421B

This map shows whether countries import more from Canada or Mexico. Each country is colored based on the difference in imports they receive from Canada and Mexico or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Mexico included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Mexico than Canada included Chinese Taipei ($7.86B), Spain ($5.41B), and Guatemala ($2.86B).

Difference in imports from Mexico (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Mexico

Flow
Scale

This chart compares trade between Canada and Mexico by product, considering products traded by both, Canada and Mexico.

During 2022, Canada had a large net trade with Mexico in the exports of Transportation ($1.51B), Vegetable Products ($1.23B), and Metals ($1.01B).

During 2017, Mexico had a large net trade with Canada in the exports of Transportation ($9.17B), Machines ($6.41B), and Vegetable Products ($1.09B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Mexico+$252MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Canada+$475MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Mexico. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Mexico (Flag) (2022)

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