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2023
Exports $118MWorld Rnk 7 / 59
Flag Rnk 352 / 1212
2023
Destination $68.6M United States
2022 - 2023
FASTEST GROWING MARKET $68.6MUnited States
2023
PRODUCT COMPLEXITY IN Railway Passenger Cars0.3Rnk 456 / 1025
2023
Imports $167MWorld Rnk 3 / 100
Flag Rnk 433 / 1211
2023
Origin $110M United States
2022 - 2023
FASTEST GROWING ORIGIN $110MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $118M in Railway Passenger Cars, making it the 7th largest exporter of Railway Passenger Cars in the world. At the same year, Railway Passenger Cars was the 352nd most exported product in Canada. The main destination of Railway Passenger Cars exports from Canada are: United States ($118M).

The fastest growing export markets for Railway Passenger Cars of Canada between 2022 and 2023 were United States ($68.6M).

Imports In 2023, Canada imported $167M in Railway Passenger Cars, becoming the 3rd largest importer of Railway Passenger Cars in the world. At the same year, Railway Passenger Cars was the 433rd most imported product in Canada. Canada imports Railway Passenger Cars primarily from: United States ($127M) and China ($39.6M).

The fastest growing import markets in Railway Passenger Cars for Canada between 2022 and 2023 were United States ($110M) and China ($31.4M).

Latest Trends

March 2024

About

Overview In March 2024 Canada's Railway Passenger Cars exports accounted up to C$15.7M and imports accounted up to C$63.9M, resulting in a negative trade balance of C$48.2M. Between August 2022 and March 2024 the exports of Canada's   Railway Passenger Cars have increased by C$5.73M (57.6%) from C$9.94M to C$15.7M, while imports increased by C$23.7M (59.2%) from C$40.1M to C$63.9M.

Destinations In March 2024, Railway Passenger Cars were exported mostly to , and were imported mostly from United States (C$49.5M) and China (C$14.4M).

Growth In March 2024, the increase in Railway Passenger Cars's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Railway Passenger Cars's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - March 2024)C$5.73M(57.6%)
IMPORT GROWTH (September 2023 - November 2024)C$23.7M(59.2%)
MAIN EXPORTER (March 2024)OntarioC$20.8M
MAIN DESTINATION (March 2024)

This section shows Railway Passenger 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 Passenger Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$118M
IMPORTS (2023)$167M
NET TRADE (2023)-$48.7M

In 2023, Canada exported $118M in Railway Passenger Cars. The main destinations of Canada exports on Railway Passenger Cars were United States ($118M).

In 2023, Canada imported $167M in Railway Passenger Cars, mainly from United States ($127M) and China ($39.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Railway Passenger Cars EXPORT MARKETS FOR Canada WERE (2022 - 2023):United States$68.6M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railway Passenger Cars BY Canada WERE (2022 - 2023):
Gabon-$27.3k (-100%)
Dominican Republic-$3.9k (-100%)
Saudi Arabia-$301 (-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 Railway Passenger Cars were:
Japan $261M
Hungary $206M
China $175M
In 2023, Canada's main importing competitors in Railway Passenger Cars were:
Chinese Taipei $260M
United States $242M

Explore Visualizations

Trade Value of Railway Passenger Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.31k
TOP IMPORT POTENTIALAustria+ $23.8k

Railway Passenger Cars’s highest export potential is Germany. With an export gap of $2.31k.   Railway Passenger Cars’s highest import potential is Austria with an import gap of $23.8k.

See methodology.

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