Manitoba

Overview In January 2024 Manitoba exported C$1.67B and imported C$2.42B, resulting in a negative trade balance of C$752M. Between January 2023 and January 2024 the exports of Manitoba have decreased by $-251M (-13.1%) from C$1.92B to C$1.67B, while imports increased by C$60.2M (2.55%) from C$2.36B to C$2.42B.

Trade In January 2024, the top exports of Manitoba were Packaged Medicaments (C$139M), Soybeans (C$119M), Rapeseed Oil (C$116M), Wheat (C$114M), and Pig Meat (C$111M). In January 2024 the top imports of Manitoba were Gas Turbines (C$118M), Harvesting Machinery (C$103M), Tractors (C$87M), Pesticides (C$84.5M), and Large Construction Vehicles (C$67.1M).

Destinations In January 2024, Manitoba exported mostly to United States (C$1.17B), China (C$176M), Japan (C$80.6M), Mexico (C$44.2M), and Algeria (C$27.3M), and imported mostly from United States (C$1.83B), Mexico (C$126M), China (C$109M), Germany (C$44.8M), and Japan (C$34.4M).

Growth In January 2024, the decrease in Manitoba's year-by-year exports was explained primarily by an decrease in exports to Japan (C$-23.2M or -20.9%), South Korea (C$-3.97M or -28.4%), and Malaysia (C$-3.37M or -81.8%), and product exports decrease in Packaged Medicaments (C$-77.9M or -31.9%), Crude Petroleum (C$-8.53M or -16.8%), and Commodities not elsewhere specified (C$-8.06M or -27.8%). In January 2024, the increase in Manitoba's year-by-year imports was explained primarily by an increase in imports from United States (C$352M or 24.6%), Mexico (C$36.6M or 46.9%), and Japan (C$21.9M or 124%), and product imports increase in Pesticides (C$51.6M or 64.6%), Tractors (C$47.9M or 147%), and Harvesting Machinery (C$41.5M or 247%).