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2023
Exports $30MWorld Rnk 9 / 73
Flag Rnk 573 / 1212
2023
Destination $10.7M United States
2022 - 2023
FASTEST GROWING MARKET $10.7MUnited States
2023
PRODUCT COMPLEXITY IN Railway Maintenance Vehicles0.015Rnk 553 / 1025
2023
Imports $89.2MWorld Rnk 1 / 121
Flag Rnk 577 / 1211
2023
Origin $4.06M United States
2022 - 2023
FASTEST GROWING ORIGIN $4.06MGermany
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $30M in Railway Maintenance Vehicles, making it the 9th largest exporter of Railway Maintenance Vehicles in the world. At the same year, Railway Maintenance Vehicles was the 573rd most exported product in Canada. The main destination of Railway Maintenance Vehicles exports from Canada are: United States ($29.9M), Brazil ($117k), France ($6.86k), and South Africa ($4.33k).

The fastest growing export markets for Railway Maintenance Vehicles of Canada between 2022 and 2023 were United States ($10.7M) and Brazil ($117k).

Imports In 2023, Canada imported $89.2M in Railway Maintenance Vehicles, becoming the 1st largest importer of Railway Maintenance Vehicles in the world. At the same year, Railway Maintenance Vehicles was the 577th most imported product in Canada. Canada imports Railway Maintenance Vehicles primarily from: United States ($82.2M), Germany ($4.17M), Italy ($1.39M), France ($1.34M), and Netherlands ($45.6k).

The fastest growing import markets in Railway Maintenance Vehicles for Canada between 2022 and 2023 were Germany ($4.06M), Italy ($1.39M), and France ($533k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Railway Maintenance Vehicles exports accounted up to C$5M and imports accounted up to C$7.92M, resulting in a negative trade balance of C$2.92M. Between November 2023 and November 2024 the exports of Canada's   Railway Maintenance Vehicles have decreased by C$-7.75M (-60.8%) from C$12.8M to C$5M, while imports decreased by C$-1.77M (-18.2%) from C$9.69M to C$7.92M.

Destinations In November 2024, Railway Maintenance Vehicles were exported mostly to United States (C$4.98M) and Saint Kitts and Nevis (C$23.1k), and were imported mostly from United States (C$7.8M), Sweden (C$72.9k), United Kingdom (C$43.2k), and France (C$4.95k).

Growth In November 2024, the decrease in Railway Maintenance Vehicles's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Railway Maintenance Vehicles's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-7.75M(-60.8%)
IMPORT GROWTH (November 2023 - November 2024)C$-1.77M(-18.2%)
MAIN EXPORTER (November 2024)QuebecC$7.07M
MAIN DESTINATION (November 2024)United StatesC$4.98M

This section shows Railway Maintenance Vehicles'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 Maintenance Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30M
IMPORTS (2023)$89.2M
NET TRADE (2023)-$59.2M

In 2023, Canada exported $30M in Railway Maintenance Vehicles. The main destinations of Canada exports on Railway Maintenance Vehicles were United States ($29.9M), Brazil ($117k), France ($6.86k), and South Africa ($4.33k).

In 2023, Canada imported $89.2M in Railway Maintenance Vehicles, mainly from United States ($82.2M), Germany ($4.17M), Italy ($1.39M), France ($1.34M), and Netherlands ($45.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway Maintenance Vehicles EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$10.7M (55.9%)
Brazil$117k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Maintenance Vehicles BY Canada WERE (2022 - 2023):
France-$322k (-97.9%)
South Africa-$7.2k (-62.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Railway Maintenance Vehicles were:
Austria $277M
United States $246M
Italy $97.8M
In 2023, Canada's main importing competitors in Railway Maintenance Vehicles were:
Bulgaria $86.5M
South Korea $68.2M

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Trade Value of Railway Maintenance Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $61.2k
TOP IMPORT POTENTIALAustria+ $335k

Railway Maintenance Vehicles’s highest export potential is France. With an export gap of $61.2k.   Railway Maintenance Vehicles’s highest import potential is Austria with an import gap of $335k.

See methodology.

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