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2023
Exports $510MWorld Rnk 16 / 199
Flag Rnk 165 / 1212
2023
Destination $40.5M United States
2022 - 2023
FASTEST GROWING MARKET $40.5MUnited States
2023
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 167 / 1025
2023
Imports $630MWorld Rnk 10 / 223
Flag Rnk 169 / 1211
2023
Origin $17.5M United States
2022 - 2023
FASTEST GROWING ORIGIN $17.5MChina
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $510M in Navigation Equipment, making it the 16th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 165th most exported product in Canada. The main destination of Navigation Equipment exports from Canada are: United States ($333M), Japan ($18.4M), Germany ($16.2M), United Kingdom ($15M), and France ($11.3M).

The fastest growing export markets for Navigation Equipment of Canada between 2022 and 2023 were United States ($40.5M), Turkey ($7.99M), and Japan ($6.8M).

Imports In 2023, Canada imported $630M in Navigation Equipment, becoming the 10th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 169th most imported product in Canada. Canada imports Navigation Equipment primarily from: United States ($293M), China ($79.7M), Mexico ($69.4M), Chinese Taipei ($50.6M), and Japan ($18.5M).

The fastest growing import markets in Navigation Equipment for Canada between 2022 and 2023 were China ($17.5M), Mexico ($12.3M), and Vietnam ($5.36M).

COMPANIES In 2024, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Navigation Equipment from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Navigation Equipment exports accounted up to C$45.1M and imports accounted up to C$63.7M, resulting in a negative trade balance of C$18.6M. Between December 2023 and December 2024 the exports of Canada's   Navigation Equipment have decreased by C$-10.9M (-19.5%) from C$56M to C$45.1M, while imports decreased by C$-1.64M (-2.51%) from C$65.4M to C$63.7M.

Destinations In December 2024, Navigation Equipment were exported mostly to United States (C$34.3M), Mexico (C$1.62M), Italy (C$1.11M), Israel (C$1.02M), and Japan (C$883k), and were imported mostly from United States (C$29M), China (C$10.8M), Chinese Taipei (C$5.61M), Mexico (C$5.52M), and Germany (C$1.59M).

Growth In December 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to China (C$-557k or -49.2%), Brazil (C$-381k or -46%), and Chinese Taipei (C$-54.5k or -86.7%). In December 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from United States (C$-6.77M or -17.3%), Mexico (C$-3.57M or -38.6%), and Portugal (C$-1.61M or -98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-10.9M(-19.5%)
IMPORT GROWTH (December 2023 - December 2024)C$-1.64M(-2.51%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$34.3M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$510M
IMPORTS (2023)$630M
NET TRADE (2023)-$121M

In 2023, Canada exported $510M in Navigation Equipment. The main destinations of Canada exports on Navigation Equipment were United States ($333M), Japan ($18.4M), Germany ($16.2M), United Kingdom ($15M), and France ($11.3M).

In 2023, Canada imported $630M in Navigation Equipment, mainly from United States ($293M), China ($79.7M), Mexico ($69.4M), Chinese Taipei ($50.6M), and Japan ($18.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$40.5M (13.8%)
Turkey$7.99M (362%)
Japan$6.8M (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Canada WERE (2022 - 2023):
China-$2.99M (-28.1%)
Switzerland-$2.66M (-27.6%)
Austria-$2.15M (-55.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Navigation Equipment were:
China $3.35B
United States $3.12B
Germany $1.92B
In 2023, Canada's main importing competitors in Navigation Equipment were:
United States $4.43B
Germany $2.3B
China $1.81B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $94.1M
TOP IMPORT POTENTIALChina+ $25.7M

Navigation Equipment’s highest export potential is United States. With an export gap of $94.1M.   Navigation Equipment’s highest import potential is China with an import gap of $25.7M.

See methodology.

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