Electric Motors in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $540M in Electric Motors, making it the 24th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 161st most exported product in Canada. The main destination of Electric Motors exports from Canada are: United States ($346M), Germany ($48.9M), Mexico ($26.8M), Japan ($26.6M), and United Kingdom ($15M).

The fastest growing export markets for Electric Motors of Canada between 2021 and 2022 were United States ($69.3M), Germany ($14.4M), and Mexico ($10.5M).

Imports In 2022, Canada imported $1.69B in Electric Motors, becoming the 9th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 71st most imported product in Canada. Canada imports Electric Motors primarily from: United States ($850M), China ($234M), Mexico ($117M), Germany ($81M), and Japan ($70.3M).

The fastest growing import markets in Electric Motors for Canada between 2021 and 2022 were United States ($59.4M), China ($36.5M), and Germany ($25.8M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Electric Motors exports accounted up to C$44.9M and imports accounted up to C$186M, resulting in a negative trade balance of C$141M. Between February 2023 and February 2024 the exports of Canada's Electric Motors have decreased by C$-5.41M (-10.8%) from C$50.3M to C$44.9M, while imports increased by C$11.1M (6.36%) from C$175M to C$186M.

Destinations In February 2024, Electric Motors were exported mostly to United States (C$29.5M), Japan (C$5.07M), United Kingdom (C$2.33M), Germany (C$1.95M), and Mexico (C$1.62M), and were imported mostly from United States (C$72.2M), China (C$25.3M), Mexico (C$22.4M), Germany (C$11.8M), and Brazil (C$8.8M).

Growth In February 2024, the decrease in Electric Motors's year-by-year exports was explained primarily by a decrease in exports to Indonesia (C$-514k or -97.8%), China (C$-286k or -93.9%), and Turkey (C$-206k or -71.4%). In February 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from China (C$9.04M or 48.9%), France (C$8.2M or 684%), and Finland (C$6.08M or 7.66k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-5.41M(-10.8%)

IMPORT GROWTH (February 2023 - February 2024)C$11.1M(6.36%)

MAIN EXPORTER (February 2024)OntarioC$23.3M

MAIN DESTINATION (February 2024)United StatesC$29.5M

This section shows Electric Motors'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 Electric Motors over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$540M

IMPORTS (2022)$1.69B

NET TRADE (2022)-$1.15B

In 2022, Canada exported $540M in Electric Motors. The main destinations of Canada exports on Electric Motors were United States ($346M), Germany ($48.9M), Mexico ($26.8M), Japan ($26.6M), and United Kingdom ($15M).

In 2022, Canada imported $1.69B in Electric Motors, mainly from United States ($850M), China ($234M), Mexico ($117M), Germany ($81M), and Japan ($70.3M).

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