Insulated Wire in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $954M in Insulated Wire, making it the 35th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 94th most exported product in Canada. The main destination of Insulated Wire exports from Canada are: United States ($804M), Canada ($20.5M), Germany ($14.1M), China ($12.3M), and Mexico ($9.52M).

The fastest growing export markets for Insulated Wire of Canada between 2021 and 2022 were United States ($114M), Canada ($4.77M), and Mexico ($2.79M).

Imports In 2022, Canada imported $3.93B in Insulated Wire, becoming the 8th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 20th most imported product in Canada. Canada imports Insulated Wire primarily from: United States ($2.28B), China ($535M), Mexico ($321M), Philippines ($205M), and Vietnam ($177M).

The fastest growing import markets in Insulated Wire for Canada between 2021 and 2022 were United States ($509M), Mexico ($95.1M), and China ($65.7M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (2) were at the forefront of shipping Insulated Wire from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Insulated Wire exports accounted up to C$98.6M and imports accounted up to C$431M, resulting in a negative trade balance of C$333M. Between January 2023 and January 2024 the exports of Canada's Insulated Wire have increased by C$5.01M (5.36%) from C$93.6M to C$98.6M, while imports decreased by C$-20.3M (-4.49%) from C$451M to C$431M.

Destinations In January 2024, Insulated Wire were exported mostly to United States (C$90.8M), Mexico (C$732k), France (C$585k), Poland (C$495k), and Germany (C$449k), and were imported mostly from United States (C$180M), Mexico (C$90.7M), China (C$61.1M), Vietnam (C$31.2M), and Philippines (C$12.2M).

Growth In January 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to United States (C$20.3M or 30.3%), Belgium (C$691k or 2.66k%), and Dominican Republic (C$465k or 3.3k%). In January 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-4.41M or -53.2%), India (C$-2.92M or -80.5%), and Austria (C$-1.99M or -92%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$5.01M(5.36%)

IMPORT GROWTH (January 2023 - January 2024)C$-20.3M(-4.49%)

MAIN EXPORTER (January 2024)OntarioC$68.3M

MAIN DESTINATION (January 2024)United StatesC$90.8M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$954M

IMPORTS (2022)$3.93B

NET TRADE (2022)-$2.98B

In 2022, Canada exported $954M in Insulated Wire. The main destinations of Canada exports on Insulated Wire were United States ($804M), Canada ($20.5M), Germany ($14.1M), China ($12.3M), and Mexico ($9.52M).

In 2022, Canada imported $3.93B in Insulated Wire, mainly from United States ($2.28B), China ($535M), Mexico ($321M), Philippines ($205M), and Vietnam ($177M).

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