Cars in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $29.4B in Cars, making it the 9th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in Canada. The main destination of Cars exports from Canada are: United States ($27B), China ($519M), Mexico ($306M), United Arab Emirates ($162M), and Chinese Taipei ($151M).

The fastest growing export markets for Cars of Canada between 2021 and 2022 were United States ($633M), Mexico ($87.1M), and United Arab Emirates ($35.5M).

Imports In 2022, Canada imported $31.9B in Cars, becoming the 6th largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Canada. Canada imports Cars primarily from: United States ($16.9B), Mexico ($3.59B), South Korea ($3.25B), Japan ($3.1B), and Germany ($2.57B).

The fastest growing import markets in Cars for Canada between 2021 and 2022 were United States ($2.85B), Mexico ($605M), and Germany ($450M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Cars exports accounted up to C$3.86B and imports accounted up to C$4.38B, resulting in a negative trade balance of C$518M. Between February 2023 and February 2024 the exports of Canada's Cars have increased by C$571M (17.4%) from C$3.29B to C$3.86B, while imports increased by C$813M (22.8%) from C$3.56B to C$4.38B.

Destinations In February 2024, Cars were exported mostly to United States (C$3.69B), Mexico (C$33.6M), China (C$25.4M), United Arab Emirates (C$19.5M), and Netherlands (C$11.3M), and were imported mostly from United States (C$1.92B), Japan (C$748M), South Korea (C$560M), Mexico (C$546M), and Germany (C$261M).

Growth In February 2024, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to United States (C$1.15B or 52.2%), Mexico (C$22.9M or 317%), and United Arab Emirates (C$11.8M or 167%). In February 2024, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from United States (C$519M or 47.4%), Germany (C$147M or 118%), and Mexico (C$136M or 57.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$571M(17.4%)

IMPORT GROWTH (February 2023 - February 2024)C$813M(22.8%)

MAIN EXPORTER (February 2024)OntarioC$3.75B

MAIN DESTINATION (February 2024)United StatesC$3.69B

This section shows Cars'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 Cars over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$29.4B

IMPORTS (2022)$31.9B

NET TRADE (2022)-$2.42B

In 2022, Canada exported $29.4B in Cars. The main destinations of Canada exports on Cars were United States ($27B), China ($519M), Mexico ($306M), United Arab Emirates ($162M), and Chinese Taipei ($151M).

In 2022, Canada imported $31.9B in Cars, mainly from United States ($16.9B), Mexico ($3.59B), South Korea ($3.25B), Japan ($3.1B), and Germany ($2.57B).

Explore Visualizations