Machinery Having Individual Functions in Canada | The Observatory of Economic Complexity

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Exports In 2018, Canada exported $2.35B in Machinery Having Individual Functions, making it the 14th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 36th most exported product in Canada. The main destination of Machinery Having Individual Functions exports from Canada are: United States ($1.81B), Mexico ($92.1M), Japan ($58.2M), China ($42.9M), and Germany ($34.9M).

The fastest growing export markets for Machinery Having Individual Functions of Canada between 2022 and 2023 were United States ($148M), Mexico ($13M), and United Arab Emirates ($12.3M).

Imports In 2023, Canada imported $2.37B in Machinery Having Individual Functions, becoming the 18th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 39th most imported product in Canada. Canada imports Machinery Having Individual Functions primarily from: United States ($1.17B), Germany ($312M), China ($247M), Italy ($95.9M), and Japan ($72.6M).

The fastest growing import markets in Machinery Having Individual Functions for Canada between 2022 and 2023 were Germany ($96.2M), United States ($38.4M), and Mexico ($18.2M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Machinery Having Individual Functions from Canada to the United States.

Latest Trends

November 2024

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Overview In November 2024 Canada's Machinery Having Individual Functions exports accounted up to C$222M and imports accounted up to C$241M, resulting in a negative trade balance of C$18.6M. Between November 2023 and November 2024 the exports of Canada's Machinery Having Individual Functions have decreased by C$-4.3M (-1.9%) from C$227M to C$222M, while imports decreased by C$-3.03M (-1.24%) from C$244M to C$241M.

Destinations In November 2024, Machinery Having Individual Functions were exported mostly to United States (C$167M), Ireland (C$6.69M), United Kingdom (C$6.29M), Australia (C$5.09M), and South Korea (C$3.58M), and were imported mostly from United States (C$113M), South Korea (C$23.5M), Germany (C$21.7M), China (C$20.5M), and Finland (C$7.5M).

Growth In November 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia (C$-1.27M or -52%), South Korea (C$-901k or -67.8%), and Russia (C$-552k or -35.1%). In November 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-3.57M or -66.2%), Spain (C$-2.76M or -90.8%), and Austria (C$-1.55M or -59.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)C$-4.3M(-1.9%)

IMPORT GROWTH (November 2023 - November 2024)C$-3.03M(-1.24%)

MAIN EXPORTER (November 2024)OntarioC$143M

MAIN DESTINATION (November 2024)United StatesC$167M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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