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Pricing

2022
Flag → Flag
Exports $142kRnk 206 / 215
2022
Flag → Flag
Top Product $74.6kMachinery Having Individual Functions
2022
Flag → Flag
Exports $27kRnk 14 / 60
2022
Flag → Flag
Top Product $5.25kElectric Motors
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Canada-British Indian Ocean Territory Trade: In 2022, Canada exported $142k to British Indian Ocean Territory. The main products that Canada exported to British Indian Ocean Territory were Machinery Having Individual Functions ($74.6k), Antifreeze ($63.7k), and Packaged Medicaments ($3.7k). Over the past 5 years the exports of Canada to British Indian Ocean Territory have increased at an annualized rate of 110%, from $3.46k in 2017 to $142k in 2022.

In 2022, Canada did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Canada Trade: In 2022, British Indian Ocean Territory exported $27k to Canada. The main products that British Indian Ocean Territory exported to Canada were Electric Motors ($5.25k), Excavation Machinery ($4.29k), and Collector's Items ($3.5k). Over the past 5 years the exports of British Indian Ocean Territory to Canada have decreased at an annualized rate of 24%,  from $106k in 2017 to $27k in 2022.

In 2022, British Indian Ocean Territory did not export any services to Canada.

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Canada exported C$37.6k and imported C$10.4k from British Indian Ocean Territory, resulting in a positive trade balance of C$27.1k. Between March 2023 and March 2024 the exports of Canada have increased by C$14.1k (60.1%) from C$23.5k to C$37.6k, while imports decreased by C$-28k (-72.9%) from C$38.4k to C$10.4k.

Trade In March 2024, the top exports of Canada to British Indian Ocean Territory were . In March 2024 the top imports of Canada from British Indian Ocean Territory were Hand Tools (C$13), Electrical Resistors (C$12), and Rubber Footwear (C$4).

Origins In March 2024 the exports of Canada were mainly from N/A, while imports destinations were mainly Manitoba (C$8.22k), Ontario (C$2.12k), Quebec (C$56), and British Columbia (C$21).

Growth In March 2024, the increase in Canada's year-by-year exports to British Indian Ocean Territory was explained primarily by an increase in product exports in . In August 2024, the decrease in Canada's year-by-year imports  from British Indian Ocean Territory was explained primarily by an decrease in product imports  in Electrical Resistors (C$-20 or -62.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)C$14.1k(60.1%)
IMPORT GROWTH (August 2023 - August 2024)C$-28k(-72.9%)

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check British Indian Ocean Territory and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $142k to British Indian Ocean Territory. The main products exported from Canada to British Indian Ocean Territory were Machinery Having Individual Functions ($74.6k), Antifreeze ($63.7k), and Packaged Medicaments ($3.7k). During the last 5 years the exports of Canada to British Indian Ocean Territory have increased at an annualized rate of 110%, from $3.46k in 2017 to $142k in 2022.

In 2017, British Indian Ocean Territory exported $27k to Canada. The main products exported from British Indian Ocean Territory to Canada were Electric Motors ($5.25k), Excavation Machinery ($4.29k), and Collector's Items ($3.5k). During the last 5 years the exports of British Indian Ocean Territory to Canada have decreased at an annualized rate of 24%, from $106k in 2022 to $27k in 2017.

Exports from Canada (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationN/AN/A
British Indian Ocean Territory
Top DestinationN/AN/A

This map shows whether countries import more from Canada or British Indian Ocean Territory. Each country is colored based on the difference in imports they receive from Canada and British Indian Ocean Territory or the difference in the growth in imports.

N/A

N/A

Difference in imports from British Indian Ocean Territory (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Canada and British Indian Ocean Territory by product, considering products traded by both, Canada and British Indian Ocean Territory.

During 2022, Canada had a large net trade with British Indian Ocean Territory in the exports of Machines ($74.6k) and Chemical Products ($67.4k).

During 2017, British Indian Ocean Territory had a large net trade with Canada in the exports of Machines ($14.9k), Arts and Antiques ($3.5k), and Precious Metals ($3.16k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and British Indian Ocean Territory. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over British Indian Ocean Territory. Similarly, a dot/product with the flag of British Indian Ocean Territory indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and British Indian Ocean Territory (Flag) (2022)

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