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2023
Exports $861MWorld Rnk 9 / 195
Flag Rnk 101 / 1212
2023
Destination $103M United States
2022 - 2023
FASTEST GROWING MARKET $103MUnited States
2023
PRODUCT COMPLEXITY IN Harvesting Machinery0.88Rnk 218 / 1025
2023
Imports $2.42BWorld Rnk 3 / 224
Flag Rnk 37 / 1211
2023
Origin $165M United States
2022 - 2023
FASTEST GROWING ORIGIN $165MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $861M in Harvesting Machinery, making it the 9th largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 101st most exported product in Canada. The main destination of Harvesting Machinery exports from Canada are: United States ($613M), Australia ($105M), Netherlands ($46.6M), Brazil ($25.9M), and United Kingdom ($8.61M).

The fastest growing export markets for Harvesting Machinery of Canada between 2022 and 2023 were United States ($103M), Australia ($32M), and Netherlands ($9.19M).

Imports In 2023, Canada imported $2.42B in Harvesting Machinery, becoming the 3rd largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 37th most imported product in Canada. Canada imports Harvesting Machinery primarily from: United States ($1.62B), Germany ($252M), Belgium ($147M), China ($92.1M), and Italy ($60.8M).

The fastest growing import markets in Harvesting Machinery for Canada between 2022 and 2023 were United States ($165M), Germany ($43.8M), and Hungary ($18.1M).

COMPANIES In 2023, leading companies such as CNH Industrial (6), GE RENEWABLES NORTH AMERICA LLC (6), and John Deere (4) were at the forefront of shipping Harvesting Machinery from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Harvesting Machinery exports accounted up to C$71.2M and imports accounted up to C$72.2M, resulting in a negative trade balance of C$999k. Between November 2023 and November 2024 the exports of Canada's   Harvesting Machinery have decreased by C$-17.5M (-19.7%) from C$88.7M to C$71.2M, while imports decreased by C$-38M (-34.5%) from C$110M to C$72.2M.

Destinations In November 2024, Harvesting Machinery were exported mostly to United States (C$65.7M), Australia (C$1.59M), South Africa (C$1.33M), Uruguay (C$653k), and Sweden (C$392k), and were imported mostly from United States (C$47.8M), Germany (C$6.91M), France (C$3.13M), Netherlands (C$2.75M), and China (C$2.08M).

Growth In November 2024, the decrease in Harvesting Machinery's year-by-year exports was explained primarily by a decrease in exports to Uruguay (C$-2.76M or -96.7%), Chile (C$-187k or -93.3%), and United Kingdom (C$-143k or -63.8%). In November 2024, the decrease in Harvesting Machinery's year-by-year imports was explained primarily by a decrease in imports from Poland (C$-1.03M or -51.6%), Italy (C$-676k or -14.6%), and New Zealand (C$-487k or -85.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-17.5M(-19.7%)
IMPORT GROWTH (November 2023 - November 2024)C$-38M(-34.5%)
MAIN EXPORTER (November 2024)ManitobaC$127M
MAIN DESTINATION (November 2024)United StatesC$65.7M

This section shows Harvesting Machinery'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 Harvesting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$861M
IMPORTS (2023)$2.42B
NET TRADE (2023)-$1.56B

In 2023, Canada exported $861M in Harvesting Machinery. The main destinations of Canada exports on Harvesting Machinery were United States ($613M), Australia ($105M), Netherlands ($46.6M), Brazil ($25.9M), and United Kingdom ($8.61M).

In 2023, Canada imported $2.42B in Harvesting Machinery, mainly from United States ($1.62B), Germany ($252M), Belgium ($147M), China ($92.1M), and Italy ($60.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$103M (20.2%)
Australia$32M (43.8%)
Netherlands$9.19M (24.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY Canada WERE (2022 - 2023):
Kazakhstan-$6.61M (-54.1%)
Russia-$2.43M (-100%)
France-$2.11M (-42.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Harvesting Machinery were:
Germany $5.74B
United States $5.01B
China $3.19B
In 2023, Canada's main importing competitors in Harvesting Machinery were:
United States $4.16B
Germany $2.56B

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Trade Value of Harvesting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $154M
TOP IMPORT POTENTIALChina+ $49.7M

Harvesting Machinery’s highest export potential is United States. With an export gap of $154M.   Harvesting Machinery’s highest import potential is China with an import gap of $49.7M.

See methodology.

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