2022
Exports
$29.4BWorld Rnk 9 / 210
Flag Rnk 2 / 1210
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$31.9BWorld Rnk 6 / 224
Flag Rnk 1 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $29.4B in Cars, making it the 9th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in Canada. The main destination of Cars exports from Canada are: United States ($27B), China ($519M), Mexico ($306M), United Arab Emirates ($162M), and Chinese Taipei ($151M).

The fastest growing export markets for Cars of Canada between 2021 and 2022 were United States ($633M), Mexico ($87.1M), and United Arab Emirates ($35.5M).

Imports In 2022, Canada imported $31.9B in Cars, becoming the 6th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Canada. Canada imports Cars primarily from: United States ($16.9B), Mexico ($3.59B), South Korea ($3.25B), Japan ($3.1B), and Germany ($2.57B).

The fastest growing import markets in Cars for Canada between 2021 and 2022 were United States ($2.85B), Mexico ($605M), and Germany ($450M).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-1.11B(-24.9%)
IMPORT GROWTH (September 2023 - September 2024)C$-638M(-13.4%)
MAIN EXPORTER (September 2024)OntarioC$3.85B
MAIN DESTINATION (September 2024)United StatesC$3.16B

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.4B
IMPORTS (2022)$31.9B
NET TRADE (2022)-$2.42B

In 2022, Canada exported $29.4B in Cars. The main destinations of Canada exports on Cars were United States ($27B), China ($519M), Mexico ($306M), United Arab Emirates ($162M), and Chinese Taipei ($151M).

In 2022, Canada imported $31.9B in Cars, mainly from United States ($16.9B), Mexico ($3.59B), South Korea ($3.25B), Japan ($3.1B), and Germany ($2.57B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$633M (2.4%)
Mexico$87.1M (39.9%)
United Arab Emirates$35.5M (28.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Canada WERE (2021 - 2022):
Chinese Taipei-$103M (-40.4%)
Nigeria-$61.3M (-44.6%)
Albania-$35.2M (-54.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cars were:
In 2022, Canada's main importing competitors in Cars were:

Explore Visualizations

Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.34B
TOP IMPORT POTENTIALGermany+ $777M

Cars’s highest export potential is United States. With an export gap of $5.34B.   Cars’s highest import potential is Germany with an import gap of $777M.

See methodology.

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