Canada's total imports of machinery and technology referring to the 15 reference sectors of the Machines Italia project, increased in the first 9 months of 2017 by about 8%, compared to the same period of the previous year. Italy brings a very positive result from the point of view of Canadian imports of capital goods, registering an increase of 32.66%% (from about Euro 219 million in 2016 to Euro 290 million in 2017).
Our country's market share also increased from 3.56% in 2016 to 4.38% in 2017 (+23%), making it Canada's fifth largest supplier of machinery and capital technology, preceded in order by the U.S., China, Germany, and Japan and followed by Mexico, South Korea, the U.K., the Netherlands, and Thailand. Among the top 10, only China, Japan and the Netherlands did not see positive increases in their exports to Canada. Germany, which remains the top European supplier, increased Canadian exports by 6.8 percent.
The main items of Canadian machinery imports, referring to the 15 sectors covered by Machines Italia, include, in order, agricultural machinery, machinery for the printing and paper industry, and construction and earthmoving machinery. These three product categories account for well over 60 percent of the total.
In 2016, Canada purchased from Italy: metalworking machinery and tools, packaging and wrapping machinery, food processing machinery, and plastic and rubber processing machinery.
As far as Canadian imports of capital goods from Italy are concerned, all commodity categories recorded an increase compared to the same period last year, with the exception of machinery for the footwear, leather processing and tanning industry (-25.49%), metallurgy and foundry machinery (-29.12%), glass processing machinery (-100%), and hydraulic, pneumatic and transmission components (-15.6%).
The largest increase, in terms of absolute values, came from packaging and wrapping machines, c.€15 million compared to 2016 (+40.33%), metal processing machines, c.€14 million, (+36.73%), and plastic and rubber processing machines, c.€14 million, which, with a leap forward of 78.31%, are also the segment with the largest percentage increase.
Our country's market share also increased from 3.56% in 2016 to 4.38% in 2017 (+23%), making it Canada's fifth largest supplier of machinery and capital technology, preceded in order by the U.S., China, Germany, and Japan and followed by Mexico, South Korea, the U.K., the Netherlands, and Thailand. Among the top 10, only China, Japan and the Netherlands did not see positive increases in their exports to Canada. Germany, which remains the top European supplier, increased Canadian exports by 6.8 percent.
The main items of Canadian machinery imports, referring to the 15 sectors covered by Machines Italia, include, in order, agricultural machinery, machinery for the printing and paper industry, and construction and earthmoving machinery. These three product categories account for well over 60 percent of the total.
In 2016, Canada purchased from Italy: metalworking machinery and tools, packaging and wrapping machinery, food processing machinery, and plastic and rubber processing machinery.
As far as Canadian imports of capital goods from Italy are concerned, all commodity categories recorded an increase compared to the same period last year, with the exception of machinery for the footwear, leather processing and tanning industry (-25.49%), metallurgy and foundry machinery (-29.12%), glass processing machinery (-100%), and hydraulic, pneumatic and transmission components (-15.6%).
The largest increase, in terms of absolute values, came from packaging and wrapping machines, c.€15 million compared to 2016 (+40.33%), metal processing machines, c.€14 million, (+36.73%), and plastic and rubber processing machines, c.€14 million, which, with a leap forward of 78.31%, are also the segment with the largest percentage increase.