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2023
Exports $56.5MWorld Rnk 11 / 135
Flag Rnk 472 / 1212
2023
Destination $15.3M United States
2022 - 2023
FASTEST GROWING MARKET $15.3MUnited States
2023
PRODUCT COMPLEXITY IN Work Trucks0.67Rnk 298 / 1025
2023
Imports $100MWorld Rnk 6 / 211
Flag Rnk 557 / 1211
2023
Origin $22.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $22.8MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $56.5M in Work Trucks, making it the 11th largest exporter of Work Trucks in the world. At the same year, Work Trucks was the 472nd most exported product in Canada. The main destination of Work Trucks exports from Canada are: United States ($46.1M), Mexico ($1.7M), Australia ($1.42M), Cuba ($957k), and Brazil ($662k).

The fastest growing export markets for Work Trucks of Canada between 2022 and 2023 were United States ($15.3M), Mexico ($902k), and Australia ($746k).

Imports In 2023, Canada imported $100M in Work Trucks, becoming the 6th largest importer of Work Trucks in the world. At the same year, Work Trucks was the 557th most imported product in Canada. Canada imports Work Trucks primarily from: United States ($73.7M), China ($10.6M), Japan ($5.77M), Germany ($3.18M), and France ($1.66M).

The fastest growing import markets in Work Trucks for Canada between 2022 and 2023 were United States ($22.8M), China ($2.4M), and Japan ($2.28M).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Work Trucks exports accounted up to C$6.35M and imports accounted up to C$7.75M, resulting in a negative trade balance of C$1.4M. Between December 2023 and December 2024 the exports of Canada's   Work Trucks have decreased by C$-2.09M (-24.7%) from C$8.44M to C$6.35M, while imports decreased by C$-4.18M (-35%) from C$11.9M to C$7.75M.

Destinations In December 2024, Work Trucks were exported mostly to United States (C$5.28M), Bahrain (C$452k), Australia (C$230k), France (C$141k), and Saudi Arabia (C$131k), and were imported mostly from United States (C$5.26M), China (C$1.21M), France (C$588k), Mexico (C$302k), and Spain (C$164k).

Growth In December 2024, the decrease in Work Trucks's year-by-year exports was explained primarily by a decrease in exports to Cuba (C$-123k or -99.4%). In December 2024, the decrease in Work Trucks's year-by-year imports was explained primarily by a decrease in imports from China (C$-2.66M or -92.7%), Germany (C$-946k or -96.5%), and Japan (C$-177k or -34.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-2.09M(-24.7%)
IMPORT GROWTH (December 2023 - December 2024)C$-4.18M(-35%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$5.28M

This section shows Work Trucks'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 Work Trucks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$56.5M
IMPORTS (2023)$100M
NET TRADE (2023)-$43.5M

In 2023, Canada exported $56.5M in Work Trucks. The main destinations of Canada exports on Work Trucks were United States ($46.1M), Mexico ($1.7M), Australia ($1.42M), Cuba ($957k), and Brazil ($662k).

In 2023, Canada imported $100M in Work Trucks, mainly from United States ($73.7M), China ($10.6M), Japan ($5.77M), Germany ($3.18M), and France ($1.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Work Trucks EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$15.3M (49.6%)
Mexico$902k (113%)
Australia$746k (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Work Trucks BY Canada WERE (2022 - 2023):
Greenland-$5.31M (-96.6%)
Iceland-$2.69M (-100%)
Cuba-$2.11M (-68.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Work Trucks were:
Germany $300M
United States $292M
China $253M
In 2023, Canada's main importing competitors in Work Trucks were:
United States $387M
United Kingdom $171M
Australia $128M

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Trade Value of Work Trucks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.84M
TOP IMPORT POTENTIALGermany+ $1.21M

Work Trucks’s highest export potential is United States. With an export gap of $6.84M.   Work Trucks’s highest import potential is Germany with an import gap of $1.21M.

See methodology.

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