Balances in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $1.43M in Balances, making it the 19th largest exporter of Balances in the world. At the same year, Balances was the 1001st most exported product in Canada. The main destination of Balances exports from Canada are: United States ($788k), Netherlands ($219k), Australia ($86.6k), Germany ($83.9k), and Mexico ($53.3k).

The fastest growing export markets for Balances of Canada between 2021 and 2022 were United States ($142k), Netherlands ($129k), and Germany ($77k).

Imports In 2022, Canada imported $15.9M in Balances, becoming the 9th largest importer of Balances in the world. At the same year, Balances was the 896th most imported product in Canada. Canada imports Balances primarily from: United States ($7.35M), Switzerland ($4.93M), China ($1.91M), South Korea ($567k), and Germany ($495k).

The fastest growing import markets in Balances for Canada between 2021 and 2022 were Switzerland ($1.38M), Poland ($244k), and United States ($111k).

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

Latest Trends

January 2024

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Overview In January 2024 Canada's Balances exports accounted up to C$41.6k and imports accounted up to C$1.08M, resulting in a negative trade balance of C$1.03M. Between December 2022 and January 2024 the exports of Canada's Balances have decreased by C$-14k (-25.2%) from C$55.6k to C$41.6k, while imports decreased by C$-339k (-23.9%) from C$1.41M to C$1.08M.

Destinations In January 2024, Balances were exported mostly to Australia (C$41.6k), and were imported mostly from Switzerland (C$435k), China (C$290k), United States (C$168k), South Korea (C$84.8k), and Germany (C$43k).

Growth In January 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to United States (C$-925 or -7.33%) and Australia (C$-820 or -80.8%). In January 2024, the decrease in Balances's year-by-year imports was explained primarily by a decrease in imports from China (C$-86.7k or -23.1%), United States (C$-58.9k or -50.4%), and Japan (C$-37.4k or -75.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - January 2024)C$-14k(-25.2%)

IMPORT GROWTH (January 2023 - January 2024)C$-339k(-23.9%)

MAIN EXPORTER (January 2024)QuebecC$41.6k

MAIN DESTINATION (January 2024)AustraliaC$41.6k

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.43M

IMPORTS (2022)$15.9M

NET TRADE (2022)-$14.4M

In 2022, Canada exported $1.43M in Balances. The main destinations of Canada exports on Balances were United States ($788k), Netherlands ($219k), Australia ($86.6k), Germany ($83.9k), and Mexico ($53.3k).

In 2022, Canada imported $15.9M in Balances, mainly from United States ($7.35M), Switzerland ($4.93M), China ($1.91M), South Korea ($567k), and Germany ($495k).

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