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2022
Exports $13.3MWorld Rnk 31 / 188
Flag Rnk 737 / 1210
2022
Destination $5.19M South Korea
2021 - 2022
FASTEST GROWING MARKET $5.19MSouth Korea
2022
PRODUCT COMPLEXITY IN Electrical Parts-1.06Rnk 849 / 1025
2022
Imports $20.4MWorld Rnk 32 / 212
Flag Rnk 865 / 1213
2022
Origin $5.75M United States
2021 - 2022
FASTEST GROWING ORIGIN $5.75MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $13.3M in Electrical Parts, making it the 31st largest exporter of Electrical Parts in the world. At the same year, Electrical Parts was the 737th most exported product in Canada. The main destination of Electrical Parts exports from Canada are: South Korea ($5.2M), United States ($3.5M), Japan ($2.68M), Mexico ($552k), and Thailand ($180k).

The fastest growing export markets for Electrical Parts of Canada between 2021 and 2022 were South Korea ($5.19M), Japan ($2.63M), and Mexico ($188k).

Imports In 2022, Canada imported $20.4M in Electrical Parts, becoming the 32nd largest importer of Electrical Parts in the world. At the same year, Electrical Parts was the 865th most imported product in Canada. Canada imports Electrical Parts primarily from: United States ($11.4M), China ($3.9M), Chinese Taipei ($1.32M), Japan ($923k), and Malaysia ($582k).

The fastest growing import markets in Electrical Parts for Canada between 2021 and 2022 were United States ($5.75M), China ($1.31M), and Chinese Taipei ($797k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Electrical Parts exports accounted up to C$205k and imports accounted up to C$1.87M, resulting in a negative trade balance of C$1.67M. Between June 2023 and June 2024 the exports of Canada's   Electrical Parts have increased by C$123k (151%) from C$81.5k to C$205k, while imports decreased by C$-273k (-12.7%) from C$2.15M to C$1.87M.

Destinations In June 2024, Electrical Parts were exported mostly to United States (C$183k), Singapore (C$12.1k), Spain (C$6.11k), Italy (C$3.18k), and France (C$441), and were imported mostly from United States (C$852k), China (C$329k), Spain (C$266k), Germany (C$114k), and Thailand (C$65.1k).

Growth In June 2024, the increase in Electrical Parts's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Electrical Parts's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-303k or -85.5%), China (C$-288k or -44.7%), and Malaysia (C$-158k or -90.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$123k(151%)
IMPORT GROWTH (June 2023 - June 2024)C$-273k(-12.7%)
MAIN EXPORTER (June 2024)AlbertaC$171k
MAIN DESTINATION (June 2024)United StatesC$183k

This section shows Electrical Parts'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 Electrical Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.3M
IMPORTS (2022)$20.4M
NET TRADE (2022)-$7.15M

In 2022, Canada exported $13.3M in Electrical Parts. The main destinations of Canada exports on Electrical Parts were South Korea ($5.2M), United States ($3.5M), Japan ($2.68M), Mexico ($552k), and Thailand ($180k).

In 2022, Canada imported $20.4M in Electrical Parts, mainly from United States ($11.4M), China ($3.9M), Chinese Taipei ($1.32M), Japan ($923k), and Malaysia ($582k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Parts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Korea$5.19M (90.9k%)
Japan$2.63M (5.56k%)
Mexico$188k (51.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Parts BY Canada WERE (2021 - 2022):
United States-$444k (-11.3%)
Mali-$93.8k (-100%)
Philippines-$65.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Electrical Parts were:
China $3.15B
Japan $785M
United States $341M
In 2022, Canada's main importing competitors in Electrical Parts were:
Hong Kong $1.2B
Vietnam $1.19B
China $858M

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Trade Value of Electrical Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.94M
TOP IMPORT POTENTIALUnited States+ $2.11M

Electrical Parts’s highest export potential is United States. With an export gap of $2.94M.   Electrical Parts’s highest import potential is United States with an import gap of $2.11M.

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