Motor vehicles; parts and accessories (8701 to 8705) in Canada

About

Exports In 2022, Canada exported $12.9B in Motor vehicles; parts and accessories (8701 to 8705), making it the 11th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 7th most exported product in Canada. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Canada are: United States ($11.4B), Mexico ($1B), Canada ($143M), China ($53M), and Finland ($50.4M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Canada between 2021 and 2022 were United States ($1.73B), Mexico ($160M), and Canada ($16.6M).

Imports In 2022, Canada imported $17.4B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 5th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 3rd most imported product in Canada. Canada imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: United States ($11.9B), China ($1.66B), Mexico ($1.19B), Japan ($1.03B), and Germany ($332M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Canada between 2021 and 2022 were United States ($2.06B), Mexico ($384M), and China ($255M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to C$1.47B and imports accounted up to C$2.14B, resulting in a negative trade balance of C$667M. Between January 2023 and January 2024 the exports of Canada's Motor vehicles; parts and accessories (8701 to 8705) have increased by C$34.6M (2.41%) from C$1.44B to C$1.47B, while imports increased by C$20.7M (0.98%) from C$2.12B to C$2.14B.

Destinations In January 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to United States (C$1.35B), Mexico (C$105M), Germany (C$2.78M), China (C$2.56M), and Australia (C$2.27M), and were imported mostly from United States (C$1.52B), Mexico (C$186M), China (C$167M), Japan (C$94.5M), and Germany (C$28.4M).

Growth In January 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to United States (C$270M or 26.2%), Mexico (C$15.5M or 16.5%), and United Kingdom (C$1.9M or 476%). In January 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from United States (C$549M or 63.4%), Mexico (C$79.7M or 62.1%), and China (C$68.2M or 53.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$34.6M(2.41%)

IMPORT GROWTH (January 2023 - January 2024)C$20.7M(0.98%)

MAIN EXPORTER (January 2024)OntarioC$1.34B

MAIN DESTINATION (January 2024)United StatesC$1.35B

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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