NMMA - National Marine Manufacturers Association Inc.
09/26/2024 | Press release | Distributed by Public on 09/25/2024 23:12
NMMA’s 2023 Canadian Exports and Imports Report Shows Positive Shift
NMMA's 2023 Recreational Boat and Marine Engine Exports and Imports report is now available as a part of the 2023 Canadian Recreational Boating Statistical Abstract. This section offers a comprehensive analysis of Canada's recreational boating industry's international trade from 2014 to 2023.
In 2023, the Canadian recreational boating industry experienced a reduced trade deficit, shrinking by 11.9%. Total exports grew by 8.1% to $214.2 million, while imports decreased by 9.6%. The light personal craft segment showed notable growth, with exports increasing to $87 million. In contrast, gas outboard engine exports dropped to $1.4 million. Outboard boat imports fell by 16.1% to $367.4 million, and inboard/sterndrive boat imports decreased to $450.5 million.
Overall, 2023 showed a positive shift in trade balance with increased export values and decreased imports, reflecting a recovering market following the challenges of 2021 and 2022.
NMMA members receive unlimited complimentary access to the digital versions of the annual Canadian Recreational Boating Statistical Abstract. Non-members can purchase the Canadian Recreational Boating Statistical Abstract Economic Factoids for $899.
NMMA members receive unlimited complimentary access to the digital versions of the annual Canadian Recreational Boating Statistical Abstract. Non-members can purchase the Canadian Recreational Boating Statistical Abstract Economic Factoids for $899.
Bookmark https://www.nmma.ca/statistics/publications/statistical-abstract-canada for direct and easy access. Visit www.nmma.ca/statistics or contact [email protected]for more information.