Soil Preparation Machinery in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $931M in Soil Preparation Machinery, making it the 4th largest exporter of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 98th most exported product in Canada. The main destination of Soil Preparation Machinery exports from Canada are: United States ($743M), Australia ($90.5M), Lithuania ($47.5M), Canada ($7.76M), and Latvia ($4.64M).

The fastest growing export markets for Soil Preparation Machinery of Canada between 2021 and 2022 were United States ($253M), Australia ($31.9M), and Latvia ($4.51M).

Imports In 2022, Canada imported $694M in Soil Preparation Machinery, becoming the 4th largest importer of Soil Preparation Machinery in the world. At the same year, Soil Preparation Machinery was the 167th most imported product in Canada. Canada imports Soil Preparation Machinery primarily from: United States ($454M), China ($78M), Germany ($38.2M), France ($25.6M), and Italy ($14.1M).

The fastest growing import markets in Soil Preparation Machinery for Canada between 2021 and 2022 were United States ($106M), China ($25.6M), and France ($4.3M).

COMPANIES In 2023, leading companies such as JOHN DEERE COMMERCIAL PRODUCTS (20) and CNH INDUSTRIAL AMERICA LLC (3) were at the forefront of shipping Soil Preparation Machinery from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Soil Preparation Machinery exports accounted up to C$88.4M and imports accounted up to C$90.5M, resulting in a negative trade balance of C$2.09M. Between February 2023 and February 2024 the exports of Canada's Soil Preparation Machinery have decreased by C$-18.6M (-17.4%) from C$107M to C$88.4M, while imports decreased by C$-10.3M (-10.3%) from C$101M to C$90.5M.

Destinations In February 2024, Soil Preparation Machinery were exported mostly to United States (C$81.9M), Russia (C$2.95M), Australia (C$1.06M), Lithuania (C$538k), and Kazakhstan (C$514k), and were imported mostly from United States (C$60.6M), Germany (C$8.86M), China (C$6.27M), France (C$3.19M), and Canada (C$2.79M).

Growth In February 2024, the decrease in Soil Preparation Machinery's year-by-year exports was explained primarily by a decrease in exports to Australia (C$-1.86M or -18.1%), Ukraine (C$-679k or -76.3%), and Japan (C$-221k or -66.9%). In February 2024, the decrease in Soil Preparation Machinery's year-by-year imports was explained primarily by a decrease in imports from Australia (C$-265k or -88.4%), Belgium (C$-154k or -79.9%), and Norway (C$-58.6k or -41.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-18.6M(-17.4%)

IMPORT GROWTH (February 2023 - February 2024)C$-10.3M(-10.3%)

MAIN EXPORTER (February 2024)SaskatchewanC$54.2M

MAIN DESTINATION (February 2024)United StatesC$81.9M

This section shows Soil Preparation 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 Soil Preparation Machinery over time.

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