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2023
Exports $30.6MWorld Rnk 55 / 121
Flag Rnk 567 / 1212
2023
Destination $25.3M Norway
2022 - 2023
FASTEST GROWING MARKET $25.3MNorway
2023
PRODUCT COMPLEXITY IN Passenger and Cargo Ships-0.44Rnk 679 / 1025
2023
Imports $255MWorld Rnk 36 / 183
Flag Rnk 348 / 1211
2023
Origin $46.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $46.7MNorway
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $30.6M in Passenger and Cargo Ships, making it the 55th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 567th most exported product in Canada. The main destination of Passenger and Cargo Ships exports from Canada are: Norway ($25.3M), Poland ($4.28M), United States ($1.03M), Cote d'Ivoire ($11.4k), and Jordan ($11.3k).

The fastest growing export markets for Passenger and Cargo Ships of Canada between 2022 and 2023 were Norway ($25.3M), Poland ($4.28M), and United States ($613k).

Imports In 2023, Canada imported $255M in Passenger and Cargo Ships, becoming the 36th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 348th most imported product in Canada. Canada imports Passenger and Cargo Ships primarily from: United States ($57.9M), Norway ($48.2M), Japan ($36.5M), Vietnam ($27.4M), and Turkey ($25.7M).

The fastest growing import markets in Passenger and Cargo Ships for Canada between 2022 and 2023 were Norway ($46.7M), Japan ($36.5M), and United States ($34.7M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Passenger and Cargo Ships exports accounted up to C$96.2k and imports accounted up to C$58.8M, resulting in a negative trade balance of C$58.7M. Between July 2023 and November 2024 the exports of Canada's   Passenger and Cargo Ships have increased by C$9.69k (11.2%) from C$86.6k to C$96.2k, while imports increased by C$57.8M (6.04k%) from C$958k to C$58.8M.

Destinations In November 2024, Passenger and Cargo Ships were exported mostly to United States (C$96.2k), and were imported mostly from China (C$58.6M) and United States (C$120k).

Growth In November 2024, the increase in Passenger and Cargo Ships's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Passenger and Cargo Ships's year-by-year imports was explained primarily by an increase in imports from United States (C$7.85M or 11.8k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - November 2024)C$9.69k(11.2%)
IMPORT GROWTH (November 2023 - November 2024)C$57.8M(6.04k%)
MAIN EXPORTER (November 2024)AlbertaC$142k
MAIN DESTINATION (November 2024)United StatesC$96.2k

This section shows Passenger and Cargo Ships'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 Passenger and Cargo Ships over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30.6M
IMPORTS (2023)$255M
NET TRADE (2023)-$224M

In 2023, Canada exported $30.6M in Passenger and Cargo Ships. The main destinations of Canada exports on Passenger and Cargo Ships were Norway ($25.3M), Poland ($4.28M), United States ($1.03M), Cote d'Ivoire ($11.4k), and Jordan ($11.3k).

In 2023, Canada imported $255M in Passenger and Cargo Ships, mainly from United States ($57.9M), Norway ($48.2M), Japan ($36.5M), Vietnam ($27.4M), and Turkey ($25.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Norway$25.3M (1%)
Poland$4.28M (1%)
United States$613k (146%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Canada WERE (2022 - 2023):
Ghana-$539k (-100%)
Bangladesh-$116k (-100%)
Nicaragua-$21.3k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Passenger and Cargo Ships were:
China $18.1B
Japan $9.72B
Germany $3.54B
In 2023, Canada's main importing competitors in Passenger and Cargo Ships were:
Liberia $9.63B
Singapore $6.7B
United States $5.06B

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Trade Value of Passenger and Cargo Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $955k
TOP IMPORT POTENTIALChina+ $27.8M

Passenger and Cargo Ships’s highest export potential is United States. With an export gap of $955k.   Passenger and Cargo Ships’s highest import potential is China with an import gap of $27.8M.

See methodology.

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