Thermostats in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $667M in Thermostats, making it the 12th largest exporter of Thermostats in the world. At the same year, Thermostats was the 135th most exported product in Canada. The main destination of Thermostats exports from Canada are: United States ($513M), Germany ($21M), China ($17.2M), France ($14M), and United Kingdom ($13.2M).

The fastest growing export markets for Thermostats of Canada between 2021 and 2022 were United States ($41.4M), United Kingdom ($5.78M), and Mexico ($5.56M).

Imports In 2022, Canada imported $824M in Thermostats, becoming the 13th largest importer of Thermostats in the world. At the same year, Thermostats was the 146th most imported product in Canada. Canada imports Thermostats primarily from: United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

The fastest growing import markets in Thermostats for Canada between 2021 and 2022 were United States ($82.1M), Mexico ($18.4M), and Malaysia ($9.85M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Thermostats from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Thermostats exports accounted up to C$70.8M and imports accounted up to C$93M, resulting in a negative trade balance of C$22.2M. Between January 2023 and January 2024 the exports of Canada's Thermostats have increased by C$12.1M (20.5%) from C$58.8M to C$70.8M, while imports decreased by C$-2.4M (-2.51%) from C$95.4M to C$93M.

Destinations In January 2024, Thermostats were exported mostly to United States (C$58.1M), China (C$2.02M), United Kingdom (C$1.83M), Germany (C$1.81M), and France (C$1.42M), and were imported mostly from United States (C$49.6M), Mexico (C$11.5M), China (C$7.73M), Malaysia (C$5.48M), and Germany (C$3.88M).

Growth In January 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to France (C$758k or 205%), Austria (C$740k or 281%), and United States (C$696k or 1.48%). In January 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Japan (C$-2.32M or -66%), Malaysia (C$-478k or -11.1%), and Taiwan (C$-417k or -65.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$12.1M(20.5%)

IMPORT GROWTH (January 2023 - January 2024)C$-2.4M(-2.51%)

MAIN EXPORTER (January 2024)OntarioC$44.1M

MAIN DESTINATION (January 2024)United StatesC$58.1M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$667M

IMPORTS (2022)$824M

NET TRADE (2022)-$157M

In 2022, Canada exported $667M in Thermostats. The main destinations of Canada exports on Thermostats were United States ($513M), Germany ($21M), China ($17.2M), France ($14M), and United Kingdom ($13.2M).

In 2022, Canada imported $824M in Thermostats, mainly from United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

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