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2023
Exports $1.63BWorld Rnk 6 / 184
Flag Rnk 56 / 1212
2023
Destination $108M United States
2022 - 2023
FASTEST GROWING MARKET $108MUnited States
2023
PRODUCT COMPLEXITY IN Lifting Machinery1.09Rnk 149 / 1025
2023
Imports $1.25BWorld Rnk 7 / 222
Flag Rnk 88 / 1211
2023
Origin $27.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $27.8MGermany
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.63B in Lifting Machinery, making it the 6th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 56th most exported product in Canada. The main destination of Lifting Machinery exports from Canada are: United States ($1.35B), Australia ($58.7M), United Kingdom ($53M), France ($23M), and Germany ($22.3M).

The fastest growing export markets for Lifting Machinery of Canada between 2022 and 2023 were United States ($108M), Saudi Arabia ($12.8M), and Australia ($6.22M).

Imports In 2023, Canada imported $1.25B in Lifting Machinery, becoming the 7th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 88th most imported product in Canada. Canada imports Lifting Machinery primarily from: United States ($683M), Germany ($114M), Japan ($85.8M), China ($73.6M), and Mexico ($52.7M).

The fastest growing import markets in Lifting Machinery for Canada between 2022 and 2023 were Germany ($27.8M), Japan ($12.3M), and United States ($8.3M).

COMPANIES In 2023, leading companies such as Amazon (13) were at the forefront of shipping Lifting Machinery from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Lifting Machinery exports accounted up to C$131M and imports accounted up to C$154M, resulting in a negative trade balance of C$23.7M. Between November 2023 and November 2024 the exports of Canada's   Lifting Machinery have decreased by C$-37.4M (-22.3%) from C$168M to C$131M, while imports increased by C$11.6M (8.11%) from C$143M to C$154M.

Destinations In November 2024, Lifting Machinery were exported mostly to United States (C$115M), Vietnam (C$2.59M), Italy (C$1.95M), Netherlands (C$1.62M), and Australia (C$1.58M), and were imported mostly from United States (C$96.5M), Japan (C$7.7M), United Kingdom (C$6.99M), Germany (C$6.22M), and Poland (C$5M).

Growth In November 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Netherlands (C$-1.55M or -59.7%), New Zealand (C$-1.45M or -97.4%), and Mexico (C$-1.29M or -54.8%). In November 2024, the increase in Lifting Machinery's year-by-year imports was explained primarily by an increase in imports from Japan (C$4.93M or 84.8%), Germany (C$4.68M or 94.9%), and Austria (C$2.91M or 2.49k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-37.4M(-22.3%)
IMPORT GROWTH (November 2023 - November 2024)C$11.6M(8.11%)
MAIN EXPORTER (November 2024)OntarioC$88.9M
MAIN DESTINATION (November 2024)United StatesC$115M

This section shows Lifting 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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.63B
IMPORTS (2023)$1.25B
NET TRADE (2023)$379M

In 2023, Canada exported $1.63B in Lifting Machinery. The main destinations of Canada exports on Lifting Machinery were United States ($1.35B), Australia ($58.7M), United Kingdom ($53M), France ($23M), and Germany ($22.3M).

In 2023, Canada imported $1.25B in Lifting Machinery, mainly from United States ($683M), Germany ($114M), Japan ($85.8M), China ($73.6M), and Mexico ($52.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$108M (8.74%)
Saudi Arabia$12.8M (262%)
Australia$6.22M (11.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Canada WERE (2022 - 2023):
United Kingdom-$55.8M (-51.3%)
France-$9.75M (-29.7%)
China-$6.92M (-61.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Lifting Machinery were:
China $7.77B
Germany $5.3B
Italy $2.7B
In 2023, Canada's main importing competitors in Lifting Machinery were:
United States $6.4B
Germany $2.13B
United Kingdom $1.62B

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $182M
TOP IMPORT POTENTIALChina+ $46.3M

Lifting Machinery’s highest export potential is United States. With an export gap of $182M.   Lifting Machinery’s highest import potential is China with an import gap of $46.3M.

See methodology.

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