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2022
Exports $270MWorld Rnk 4 / 84
Flag Rnk 234 / 1210
2022
Destination $62M United States
2021 - 2022
FASTEST GROWING MARKET $62MUnited States
2022
PRODUCT COMPLEXITY IN Railway Freight Cars-0.057Rnk 565 / 1025
2022
Imports $581MWorld Rnk 1 / 140
Flag Rnk 194 / 1213
2022
Origin $164M United States
2021 - 2022
FASTEST GROWING ORIGIN $164MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $270M in Railway Freight Cars, making it the 4th largest exporter of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 234th most exported product in Canada. The main destination of Railway Freight Cars exports from Canada are: United States ($268M), Indonesia ($2.52M), France ($28.5k), Canada ($27k), and Cuba ($20k).

The fastest growing export markets for Railway Freight Cars of Canada between 2021 and 2022 were United States ($62M), France ($28.5k), and Canada ($27k).

Imports In 2022, Canada imported $581M in Railway Freight Cars, becoming the 1st largest importer of Railway Freight Cars in the world. At the same year, Railway Freight Cars was the 194th most imported product in Canada. Canada imports Railway Freight Cars primarily from: United States ($484M), Mexico ($96.7M), Turkey ($226k), Germany ($142k), and China ($71.8k).

The fastest growing import markets in Railway Freight Cars for Canada between 2021 and 2022 were United States ($164M), Turkey ($226k), and Germany ($74.5k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Railway Freight Cars from Canada to the United States.

Latest Trends

December 2022

About

Overview In December 2022 Canada's Railway Freight Cars exports accounted up to C$2.16M and imports accounted up to C$28.8M, resulting in a negative trade balance of C$26.6M. Between February 2020 and December 2022 the exports of Canada's   Railway Freight Cars have increased by C$1.67M (338%) from C$493k to C$2.16M, while imports decreased by C$-4.54M (-13.6%) from C$33.3M to C$28.8M.

Destinations In December 2022, Railway Freight Cars were exported mostly to , and were imported mostly from United States (C$28.8M).

Growth In December 2022, the increase in Railway Freight Cars's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Railway Freight Cars's year-by-year imports was explained primarily by a decrease in imports from United States (C$-30.3M or -60.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2020 - December 2022)C$1.67M(338%)
IMPORT GROWTH (August 2023 - August 2024)C$-4.54M(-13.6%)
MAIN EXPORTER (December 2022)
MAIN DESTINATION (December 2022)

This section shows Railway Freight Cars'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 Railway Freight Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$270M
IMPORTS (2022)$581M
NET TRADE (2022)-$311M

In 2022, Canada exported $270M in Railway Freight Cars. The main destinations of Canada exports on Railway Freight Cars were United States ($268M), Indonesia ($2.52M), France ($28.5k), Canada ($27k), and Cuba ($20k).

In 2022, Canada imported $581M in Railway Freight Cars, mainly from United States ($484M), Mexico ($96.7M), Turkey ($226k), Germany ($142k), and China ($71.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Railway Freight Cars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$62M (30.2%)
France$28.5k (1%)
Canada$27k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Freight Cars BY Canada WERE (2021 - 2022):Indonesia-$7.41M (-74.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Railway Freight Cars were:
United States $752M
Slovakia $442M
China $416M
In 2022, Canada's main importing competitors in Railway Freight Cars were:
Germany $511M
United States $353M

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Trade Value of Railway Freight Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $568k
TOP IMPORT POTENTIALTurkey+ $520k

Railway Freight Cars’s highest export potential is Indonesia. With an export gap of $568k.   Railway Freight Cars’s highest import potential is Turkey with an import gap of $520k.

See methodology.

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