Lifting Machinery in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $1.49B in Lifting Machinery, making it the 6th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 65th most exported product in Canada. The main destination of Lifting Machinery exports from Canada are: United States ($1.28B), United Kingdom ($33.4M), Australia ($32.5M), Netherlands ($18.2M), and China ($11.1M).

The fastest growing export markets for Lifting Machinery of Canada between 2021 and 2022 were United States ($235M), United Kingdom ($17.4M), and France ($5.15M).

Imports In 2022, Canada imported $1.19B in Lifting Machinery, becoming the 6th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 97th most imported product in Canada. Canada imports Lifting Machinery primarily from: United States ($758M), Germany ($78.6M), China ($76.1M), Netherlands ($46.6M), and Italy ($35.7M).

The fastest growing import markets in Lifting Machinery for Canada between 2021 and 2022 were China ($23.2M), Germany ($20.4M), and United States ($19.1M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Lifting Machinery from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Lifting Machinery exports accounted up to C$135M and imports accounted up to C$320M, resulting in a negative trade balance of C$185M. Between January 2023 and January 2024 the exports of Canada's Lifting Machinery have decreased by C$-22.9M (-14.5%) from C$158M to C$135M, while imports increased by C$193M (153%) from C$127M to C$320M.

Destinations In January 2024, Lifting Machinery were exported mostly to United States (C$118M), France (C$4.16M), Saudi Arabia (C$4.01M), Australia (C$1.26M), and Netherlands (C$1.22M), and were imported mostly from United States (C$249M), Germany (C$23.1M), China (C$7.2M), South Korea (C$6.9M), and Japan (C$6.71M).

Growth In January 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to Netherlands (C$-1.55M or -59.7%), New Zealand (C$-1.45M or -97.4%), and Mexico (C$-1.29M or -54.8%). In January 2024, the increase in Lifting Machinery's year-by-year imports was explained primarily by an increase in imports from Japan (C$4.93M or 84.8%), Germany (C$4.68M or 94.9%), and Austria (C$2.91M or 2.49k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-22.9M(-14.5%)

IMPORT GROWTH (January 2023 - January 2024)C$193M(153%)

MAIN EXPORTER (January 2024)OntarioC$60.5M

MAIN DESTINATION (January 2024)United StatesC$118M

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.49B

IMPORTS (2022)$1.19B

NET TRADE (2022)$299M

In 2022, Canada exported $1.49B in Lifting Machinery. The main destinations of Canada exports on Lifting Machinery were United States ($1.28B), United Kingdom ($33.4M), Australia ($32.5M), Netherlands ($18.2M), and China ($11.1M).

In 2022, Canada imported $1.19B in Lifting Machinery, mainly from United States ($758M), Germany ($78.6M), China ($76.1M), Netherlands ($46.6M), and Italy ($35.7M).

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