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2023
Exports $11.4MWorld Rnk 44 / 199
Flag Rnk 724 / 1212
2023
Destination $78.5k United States
2022 - 2023
FASTEST GROWING MARKET $78.5kChinese Taipei
2023
PRODUCT COMPLEXITY IN Base Metal Watches0.81Rnk 252 / 1025
2023
Imports $429MWorld Rnk 15 / 218
Flag Rnk 235 / 1211
2023
Origin $67.1M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $67.1MSwitzerland
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $11.4M in Base Metal Watches, making it the 44th largest exporter of Base Metal Watches in the world. At the same year, Base Metal Watches was the 724th most exported product in Canada. The main destination of Base Metal Watches exports from Canada are: United States ($5.01M), Hong Kong ($3.25M), Switzerland ($1.18M), Germany ($286k), and Macau ($270k).

The fastest growing export markets for Base Metal Watches of Canada between 2022 and 2023 were Chinese Taipei ($78.5k), Spain ($60.3k), and United States ($55.9k).

Imports In 2023, Canada imported $429M in Base Metal Watches, becoming the 15th largest importer of Base Metal Watches in the world. At the same year, Base Metal Watches was the 235th most imported product in Canada. Canada imports Base Metal Watches primarily from: Switzerland ($326M), Japan ($40.8M), China ($32.5M), Philippines ($8.57M), and United States ($7.67M).

The fastest growing import markets in Base Metal Watches for Canada between 2022 and 2023 were Switzerland ($67.1M), Thailand ($576k), and Ireland ($319k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Base Metal Watches exports accounted up to C$490k and imports accounted up to C$52.7M, resulting in a negative trade balance of C$52.2M. Between November 2023 and November 2024 the exports of Canada's   Base Metal Watches have decreased by C$-764k (-60.9%) from C$1.25M to C$490k, while imports decreased by C$-7.36M (-12.3%) from C$60.1M to C$52.7M.

Destinations In November 2024, Base Metal Watches were exported mostly to Hong Kong (C$294k), United States Minor Outlying Islands (C$97.6k), Peru (C$58.7k), United States (C$30.5k), and Switzerland (C$5k), and were imported mostly from Switzerland (C$40.7M), China (C$4.06M), Philippines (C$3.26M), Japan (C$2.98M), and Chinese Taipei (C$645k).

Growth In November 2024, the decrease in Base Metal Watches's year-by-year exports was explained primarily by a decrease in exports to United States (C$-45.5k or -92.4%). In November 2024, the decrease in Base Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Japan (C$-505k or -11.8%), Philippines (C$-179k or -24.7%), and China (C$-85.1k or -2.83%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-764k(-60.9%)
IMPORT GROWTH (November 2023 - November 2024)C$-7.36M(-12.3%)
MAIN EXPORTER (November 2024)AlbertaC$498k
MAIN DESTINATION (November 2024)Hong KongC$294k

This section shows Base Metal Watches'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 Base Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.4M
IMPORTS (2023)$429M
NET TRADE (2023)-$418M

In 2023, Canada exported $11.4M in Base Metal Watches. The main destinations of Canada exports on Base Metal Watches were United States ($5.01M), Hong Kong ($3.25M), Switzerland ($1.18M), Germany ($286k), and Macau ($270k).

In 2023, Canada imported $429M in Base Metal Watches, mainly from Switzerland ($326M), Japan ($40.8M), China ($32.5M), Philippines ($8.57M), and United States ($7.67M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Base Metal Watches EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Chinese Taipei$78.5k (588%)
Spain$60.3k (65.2%)
United States$55.9k (1.13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Base Metal Watches BY Canada WERE (2022 - 2023):
Hong Kong-$1.64M (-33.5%)
Switzerland-$1.04M (-46.6%)
Macau-$880k (-76.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Base Metal Watches were:
Switzerland $19.6B
China $3.27B
Japan $930M
In 2023, Canada's main importing competitors in Base Metal Watches were:
United States $4.61B
Hong Kong $3.16B
China $2.46B

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Trade Value of Base Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.9M
TOP IMPORT POTENTIALChina+ $12.5M

Base Metal Watches’s highest export potential is United States. With an export gap of $15.9M.   Base Metal Watches’s highest import potential is China with an import gap of $12.5M.

See methodology.

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