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2022
Exports $157MWorld Rnk 18 / 169
Flag Rnk 330 / 1210
2022
Destination $12.7M United States
2021 - 2022
FASTEST GROWING MARKET $12.7MUnited States
2022
PRODUCT COMPLEXITY IN Cranes0.76Rnk 258 / 1025
2022
Imports $435MWorld Rnk 9 / 215
Flag Rnk 256 / 1213
2022
Origin $59.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $59.9MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $157M in Cranes, making it the 18th largest exporter of Cranes in the world. At the same year, Cranes was the 330th most exported product in Canada. The main destination of Cranes exports from Canada are: United States ($134M), New Zealand ($12.3M), Mexico ($2.59M), Finland ($1.03M), and Canada ($826k).

The fastest growing export markets for Cranes of Canada between 2021 and 2022 were United States ($12.7M), New Zealand ($7.81M), and Mexico ($858k).

Imports In 2022, Canada imported $435M in Cranes, becoming the 9th largest importer of Cranes in the world. At the same year, Cranes was the 256th most imported product in Canada. Canada imports Cranes primarily from: United States ($183M), Italy ($61.8M), Japan ($45M), Austria ($38.4M), and Germany ($19.9M).

The fastest growing import markets in Cranes for Canada between 2021 and 2022 were United States ($59.9M), Japan ($31.1M), and Austria ($8.43M).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Cranes exports accounted up to C$9.31M and imports accounted up to C$40.7M, resulting in a negative trade balance of C$31.4M. Between September 2023 and September 2024 the exports of Canada's   Cranes have decreased by C$-4.68M (-33.4%) from C$14M to C$9.31M, while imports increased by C$5.81M (16.7%) from C$34.9M to C$40.7M.

Destinations In September 2024, Cranes were exported mostly to United States (C$9.23M), Brunei (C$38.7k), China (C$25.2k), and Spain (C$18.9k), and were imported mostly from Germany (C$10.5M), Japan (C$7.29M), United States (C$7.21M), Italy (C$5.75M), and China (C$2.52M).

Growth In September 2024, the decrease in Cranes's year-by-year exports was explained primarily by a decrease in exports to United States (C$-894k or -11.1%). In September 2024, the increase in Cranes's year-by-year imports was explained primarily by an increase in imports from United States (C$10.3M or 122%), Italy (C$5.75M or 111%), and Germany (C$2.76M or 392%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-4.68M(-33.4%)
IMPORT GROWTH (September 2023 - September 2024)C$5.81M(16.7%)
MAIN EXPORTER (September 2024)OntarioC$10.9M
MAIN DESTINATION (September 2024)United StatesC$9.23M

This section shows Cranes'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 Cranes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$157M
IMPORTS (2022)$435M
NET TRADE (2022)-$278M

In 2022, Canada exported $157M in Cranes. The main destinations of Canada exports on Cranes were United States ($134M), New Zealand ($12.3M), Mexico ($2.59M), Finland ($1.03M), and Canada ($826k).

In 2022, Canada imported $435M in Cranes, mainly from United States ($183M), Italy ($61.8M), Japan ($45M), Austria ($38.4M), and Germany ($19.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$12.7M (10.5%)
New Zealand$7.81M (174%)
Mexico$858k (49.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Canada WERE (2021 - 2022):
Finland-$3.59M (-77.7%)
China-$3.25M (-90.6%)
Canada-$1.35M (-62.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cranes were:
China $4.1B
Germany $1.93B
Italy $1.28B
In 2022, Canada's main importing competitors in Cranes were:
United States $1.48B
Germany $729M
France $587M

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.2M
TOP IMPORT POTENTIALGermany+ $9.21M

Cranes’s highest export potential is United States. With an export gap of $30.2M.   Cranes’s highest import potential is Germany with an import gap of $9.21M.

See methodology.

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