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2022
Exports $542MWorld Rnk 20 / 167
Flag Rnk 160 / 1210
2022
Destination $86.5M United States
2021 - 2022
FASTEST GROWING MARKET $86.5MUnited States
2022
PRODUCT COMPLEXITY IN Tractors0.95Rnk 194 / 1025
2022
Imports $4.59BWorld Rnk 2 / 215
Flag Rnk 13 / 1213
2022
Origin $665M United States
2021 - 2022
FASTEST GROWING ORIGIN $665MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $542M in Tractors, making it the 20th largest exporter of Tractors in the world. At the same year, Tractors was the 160th most exported product in Canada. The main destination of Tractors exports from Canada are: United States ($478M), New Zealand ($10M), Canada ($7.1M), Chile ($6.5M), and Brazil ($6.06M).

The fastest growing export markets for Tractors of Canada between 2021 and 2022 were United States ($86.5M), New Zealand ($2.76M), and Brazil ($2.44M).

Imports In 2022, Canada imported $4.59B in Tractors, becoming the 2nd largest importer of Tractors in the world. At the same year, Tractors was the 13th most imported product in Canada. Canada imports Tractors primarily from: United States ($3.31B), Mexico ($816M), Japan ($161M), Germany ($87.7M), and South Korea ($50.8M).

The fastest growing import markets in Tractors for Canada between 2021 and 2022 were United States ($665M), Mexico ($290M), and Germany ($45.7M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Tractors exports accounted up to C$45.8M and imports accounted up to C$604M, resulting in a negative trade balance of C$558M. Between August 2023 and August 2024 the exports of Canada's   Tractors have decreased by C$-5.13M (-10.1%) from C$50.9M to C$45.8M, while imports decreased by C$-149M (-19.7%) from C$753M to C$604M.

Destinations In August 2024, Tractors were exported mostly to United States (C$44.9M), Chile (C$646k), Netherlands (C$146k), Tanzania (C$25k), and Senegal (C$20.5k), and were imported mostly from United States (C$311M), Mexico (C$183M), Germany (C$56.3M), France (C$11.7M), and Japan (C$11.4M).

Growth In August 2024, the decrease in Tractors's year-by-year exports was explained primarily by a decrease in exports to Chile (C$-841k or -60.4%), Mexico (C$-722k or -97.8%), and Netherlands (C$-26.8k or -89.4%). In August 2024, the decrease in Tractors's year-by-year imports was explained primarily by a decrease in imports from Canada (C$-1.37M or -88.6%), United Kingdom (C$-1.19M or -9.11%), and Italy (C$-989k or -22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-5.13M(-10.1%)
IMPORT GROWTH (August 2023 - August 2024)C$-149M(-19.7%)
MAIN EXPORTER (August 2024)ManitobaC$20.7M
MAIN DESTINATION (August 2024)United StatesC$44.9M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$542M
IMPORTS (2022)$4.59B
NET TRADE (2022)-$4.05B

In 2022, Canada exported $542M in Tractors. The main destinations of Canada exports on Tractors were United States ($478M), New Zealand ($10M), Canada ($7.1M), Chile ($6.5M), and Brazil ($6.06M).

In 2022, Canada imported $4.59B in Tractors, mainly from United States ($3.31B), Mexico ($816M), Japan ($161M), Germany ($87.7M), and South Korea ($50.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tractors EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$86.5M (22.1%)
New Zealand$2.76M (38%)
Brazil$2.44M (67.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tractors BY Canada WERE (2021 - 2022):
Australia-$5.39M (-48%)
South Africa-$1.81M (-75.4%)
France-$1.3M (-99.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Tractors were:
Germany $11.1B
Netherlands $6.32B
United States $5.65B
In 2022, Canada's main importing competitors in Tractors were:
United States $8.01B
France $4.06B

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Trade Value of Tractors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $188M
TOP IMPORT POTENTIALGermany+ $69.4M

Tractors’s highest export potential is United States. With an export gap of $188M.   Tractors’s highest import potential is Germany with an import gap of $69.4M.

See methodology.

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