Cars in   Canada

Overview In August 2024 Canada's Cars exports accounted up to C$3.02B and imports accounted up to C$4.4B, resulting in a negative trade balance of C$1.38B. Between August 2023 and August 2024 the exports of Canada's   Cars have decreased by C$-1.4B (-31.7%) from C$4.41B to C$3.02B, while imports increased by C$448M (11.4%) from C$3.95B to C$4.4B.

Destinations In August 2024, Cars were exported mostly to United States (C$2.82B), Mexico (C$32.5M), China (C$21.9M), United Arab Emirates (C$18.4M), and Netherlands (C$13.3M), and were imported mostly from United States (C$1.76B), Mexico (C$581M), Japan (C$574M), China (C$557M), and South Korea (C$530M).

Growth In August 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to China (C$-14M or -36.7%), Chinese Taipei (C$-13.7M or -62.9%), and Germany (C$-5.16M or -47.2%). In August 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United States (C$519M or 47.4%), Germany (C$147M or 118%), and Mexico (C$136M or 57.9%).