Motor vehicles; parts and accessories (8701 to 8705) in Canada

About

Exports In 2022, Canada exported $12.9B in Motor vehicles; parts and accessories (8701 to 8705), making it the 11th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most exported product in Canada. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Canada are: United States ($11.4B), Mexico ($1B), Canada ($143M), China ($53M), and Finland ($50.4M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Canada between 2021 and 2022 were United States ($1.73B), Mexico ($160M), and Canada ($16.6M).

Imports In 2022, Canada imported $17.4B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 5th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 3rd most imported product in Canada. Canada imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($11.9B), China ($1.66B), Mexico ($1.19B), Japan ($1.03B), and Germany ($332M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Canada between 2021 and 2022 were United States ($2.06B), Mexico ($384M), and China ($255M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to C$1.49B and imports accounted up to C$2.13B, resulting in a negative trade balance of C$644M. Between August 2023 and August 2024 the exports of Canada's Motor vehicles; parts and accessories (8701 to 8705) have decreased by C$-148M (-9.04%) from C$1.64B to C$1.49B, while imports decreased by C$-597M (-21.8%) from C$2.73B to C$2.13B.

Destinations In August 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (C$1.35B), Mexico (C$110M), China (C$5.08M), Finland (C$4.11M), and Germany (C$2.54M), and were imported mostly from United States (C$1.41B), China (C$230M), Mexico (C$159M), Japan (C$146M), and Germany (C$32.6M).

Growth In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to China (C$-2.21M or -44.4%), Finland (C$-1.27M or -65.1%), and Australia (C$-322k or -14.5%). In August 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from Indonesia (C$-1.65M or -15.4%), Honduras (C$-1.01M or -99.7%), and Slovakia (C$-688k or -15.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)C$-148M(-9.04%)

IMPORT GROWTH (August 2023 - August 2024)C$-597M(-21.8%)

MAIN EXPORTER (August 2024)OntarioC$1.45B

MAIN DESTINATION (August 2024)United StatesC$1.35B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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