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2023
Exports $121MWorld Rnk 26 / 188
Flag Rnk 349 / 1212
2023
Destination $15.3M United States
2022 - 2023
FASTEST GROWING MARKET $15.3MUnited States
2023
PRODUCT COMPLEXITY IN Large Construction Vehicles1.08Rnk 152 / 1025
2023
Imports $4.68BWorld Rnk 2 / 223
Flag Rnk 15 / 1211
2023
Origin $307M United States
2022 - 2023
FASTEST GROWING ORIGIN $307MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $121M in Large Construction Vehicles, making it the 26th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 349th most exported product in Canada. The main destination of Large Construction Vehicles exports from Canada are: United States ($80M), Mexico ($4.45M), Chile ($3.64M), Australia ($3.02M), and Brazil ($2.44M).

The fastest growing export markets for Large Construction Vehicles of Canada between 2022 and 2023 were United States ($15.3M), Chile ($2.1M), and Finland ($1.46M).

Imports In 2023, Canada imported $4.68B in Large Construction Vehicles, becoming the 2nd largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 15th most imported product in Canada. Canada imports Large Construction Vehicles primarily from: United States ($2.14B), Japan ($1.02B), China ($288M), South Korea ($263M), and Brazil ($244M).

The fastest growing import markets in Large Construction Vehicles for Canada between 2022 and 2023 were United States ($307M), Brazil ($149M), and South Korea ($108M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Large Construction Vehicles exports accounted up to C$8.11M and imports accounted up to C$289M, resulting in a negative trade balance of C$281M. Between November 2023 and November 2024 the exports of Canada's   Large Construction Vehicles have decreased by C$-3.75M (-31.6%) from C$11.9M to C$8.11M, while imports decreased by C$-228M (-44.1%) from C$517M to C$289M.

Destinations In November 2024, Large Construction Vehicles were exported mostly to United States (C$5.62M), Turkey (C$1.31M), India (C$131k), United Arab Emirates (C$127k), and Cameroon (C$127k), and were imported mostly from United States (C$119M), Japan (C$70.6M), China (C$24.3M), Germany (C$20.4M), and South Korea (C$13.8M).

Growth In November 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Egypt (C$-454k or -88.1%), Vietnam (C$-190k or -95.7%), and Pakistan (C$-82k or -79.2%). In November 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Brazil (C$-14.2M or -56.2%), China (C$-3.78M or -12.1%), and Indonesia (C$-855k or -14%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-3.75M(-31.6%)
IMPORT GROWTH (November 2023 - November 2024)C$-228M(-44.1%)
MAIN EXPORTER (November 2024)OntarioC$13M
MAIN DESTINATION (November 2024)United StatesC$5.62M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$121M
IMPORTS (2023)$4.68B
NET TRADE (2023)-$4.56B

In 2023, Canada exported $121M in Large Construction Vehicles. The main destinations of Canada exports on Large Construction Vehicles were United States ($80M), Mexico ($4.45M), Chile ($3.64M), Australia ($3.02M), and Brazil ($2.44M).

In 2023, Canada imported $4.68B in Large Construction Vehicles, mainly from United States ($2.14B), Japan ($1.02B), China ($288M), South Korea ($263M), and Brazil ($244M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$15.3M (23.6%)
Chile$2.1M (136%)
Finland$1.46M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Canada WERE (2022 - 2023):
Greenland-$4.76M (-97.6%)
Mexico-$3.49M (-44%)
Egypt-$3.21M (-74%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Large Construction Vehicles were:
China $15.8B
Japan $15.1B
United States $5.08B
In 2023, Canada's main importing competitors in Large Construction Vehicles were:
United States $14.1B
Germany $3.02B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $83.1M
TOP IMPORT POTENTIALChina+ $118M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $83.1M.   Large Construction Vehicles’s highest import potential is China with an import gap of $118M.

See methodology.

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