Drafting Tools in Canada 2021 Exports | Imports : $9.71M | $85.6M, World Rnk 25 / 196 Rnk 774 / 1212 | World Rnk 7 / 219 Rnk 570 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $659k | $7.78M, United States | United States
2021 ECONOMIC COMPLEXITY of Canada: 0.9, Rnk 32 / 131
2021 PRODUCT COMPLEXITY IN Drafting Tools: 1.84, Rnk 14 / 1029
Exports In 2021, Canada exported $9.71M in Drafting Tools, making it the 25th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 774th most exported product in Canada. The main destination of Drafting Tools exports from Canada are: United States ($6.64M), Saudi Arabia ($366k), China ($338k), Germany ($332k), and United Kingdom ($304k).
The fastest growing export markets for Drafting Tools of Canada between 2020 and 2021 were United States ($659k), Saudi Arabia ($318k), and Mexico ($194k).
Imports In 2021, Canada imported $85.6M in Drafting Tools, becoming the 7th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 570th most imported product in Canada. Canada imports Drafting Tools primarily from: United States ($45.9M), China ($22M), Thailand ($5.97M), Japan ($2.6M), and Vietnam ($2.31M).
The fastest growing import markets in Drafting Tools for Canada between 2020 and 2021 were United States ($7.78M), China ($1.45M), and Chinese Taipei ($716k).
Tariffs In 2018, the average tariff for Canada in Drafting Tools was 1.65%. The countries with the highest import tariffs for Drafting Tools were Australia (Most Favoured Nation duty rate treatment, 3.36%), New Zealand (Most Favoured Nation duty rate treatment, 3.36%), Botswana (Most Favoured Nation duty rate treatment, 3.25%), Algeria (Most Favoured Nation duty rate treatment, 3.25%), and Western Sahara (Most Favoured Nation duty rate treatment, 3.25%).
December 2022
Overview In December 2022 Canada's Drafting Tools exports accounted up to C$562k and imports accounted up to C$11.3M, resulting in a negative trade balance of C$10.7M. Between December 2021 and December 2022 the exports of Canada's Drafting Tools have decreased by C$-328k (-36.9%) from C$890k to C$562k, while imports increased by C$1.27M (12.6%) from C$10M to C$11.3M.
Destinations In December 2022, Drafting Tools were exported mostly to Saudi Arabia (C$224k), United States (C$127k), Germany (C$50.4k), Cuba (C$35k), and Japan (C$30.8k), and were imported mostly from United States (C$6.37M), China (C$2.5M), Japan (C$577k), Vietnam (C$466k), and Thailand (C$408k).
Growth In December 2022, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to Australia (C$-11.9k or -98%), France (C$-5.97k or -63.3%), and Norway (C$-479 or -78.7%). In December 2022, the increase in Drafting Tools's year-by-year imports was explained primarily by an increase in imports from United States (C$469k or 13.4%), Japan (C$154k or 48.5%), and France (C$107k or 2.22k%).
EXPORT GROWTH (December 2021 - December 2022): C$-328k, (-36.9%)
IMPORT GROWTH (December 2021 - December 2022): C$1.27M, (12.6%)
MAIN EXPORTER (December 2022): Ontario, C$447k
MAIN DESTINATION (December 2022): Saudi Arabia, C$224k
This section shows Drafting Tools'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 Drafting Tools over time.
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EXPORTS (2021): $9.71M
IMPORTS (2021): $85.6M
NET TRADE (2021): -$75.9M
In 2021, Canada exported $9.71M in Drafting Tools. The main destinations of Canada exports on Drafting Tools were United States ($6.64M), Saudi Arabia ($366k), China ($338k), Germany ($332k), and United Kingdom ($304k).
In 2021, Canada imported $85.6M in Drafting Tools, mainly from United States ($45.9M), China ($22M), Thailand ($5.97M), Japan ($2.6M), and Vietnam ($2.31M).
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Canada WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Canada WERE (2020 - 2021):
In 2021, Canada's main exporting competitors in Drafting Tools were:
In 2021, Canada's main importing competitors in Drafting Tools were:
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