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2023
Exports $13.5MWorld Rnk 20 / 147
Flag Rnk 694 / 1212
2023
Destination $2.52M United States
2022 - 2023
FASTEST GROWING MARKET $2.52MUnited States
2023
PRODUCT COMPLEXITY IN Granite-1.45Rnk 936 / 1025
2023
Imports $17.5MWorld Rnk 16 / 199
Flag Rnk 866 / 1211
2023
Origin $241k United States
2022 - 2023
FASTEST GROWING ORIGIN $241kItaly
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $13.5M in Granite, making it the 20th largest exporter of Granite in the world. At the same year, Granite was the 694th most exported product in Canada. The main destination of Granite exports from Canada are: United States ($12M), Italy ($610k), Chinese Taipei ($587k), China ($163k), and South Korea ($30.2k).

The fastest growing export markets for Granite of Canada between 2022 and 2023 were United States ($2.52M), Chinese Taipei ($102k), and India ($16.1k).

Imports In 2023, Canada imported $17.5M in Granite, becoming the 16th largest importer of Granite in the world. At the same year, Granite was the 866th most imported product in Canada. Canada imports Granite primarily from: United States ($11.9M), India ($2.07M), South Africa ($1.72M), China ($581k), and Italy ($272k).

The fastest growing import markets in Granite for Canada between 2022 and 2023 were Italy ($241k), Spain ($147k), and South Africa ($86.7k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Granite exports accounted up to C$2.31M and imports accounted up to C$1.4M, resulting in a positive trade balance of C$908k. Between November 2023 and November 2024 the exports of Canada's   Granite have increased by C$862k (59.5%) from C$1.45M to C$2.31M, while imports decreased by C$-490k (-25.9%) from C$1.89M to C$1.4M.

Destinations In November 2024, Granite were exported mostly to United States (C$2.16M), South Korea (C$135k), and China (C$18.2k), and were imported mostly from United States (C$1.16M), Italy (C$84.1k), India (C$81.1k), Brazil (C$35.6k), and Peru (C$18.3k).

Growth In November 2024, the increase in Granite's year-by-year exports was explained primarily by an increase in exports to United States (C$37.5k or 4.39%). In November 2024, the decrease in Granite's year-by-year imports was explained primarily by a decrease in imports from India (C$-338k or -61.9%) and China (C$-10.9k or -11.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$862k(59.5%)
IMPORT GROWTH (November 2023 - November 2024)C$-490k(-25.9%)
MAIN EXPORTER (November 2024)New BrunswickC$1.13M
MAIN DESTINATION (November 2024)United StatesC$2.16M

This section shows Granite'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 Granite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.5M
IMPORTS (2023)$17.5M
NET TRADE (2023)-$3.94M

In 2023, Canada exported $13.5M in Granite. The main destinations of Canada exports on Granite were United States ($12M), Italy ($610k), Chinese Taipei ($587k), China ($163k), and South Korea ($30.2k).

In 2023, Canada imported $17.5M in Granite, mainly from United States ($11.9M), India ($2.07M), South Africa ($1.72M), China ($581k), and Italy ($272k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$2.52M (26.5%)
Chinese Taipei$102k (20.9%)
India$16.1k (119%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY Canada WERE (2022 - 2023):
China-$380k (-69.9%)
Italy-$300k (-33%)
Japan-$245k (-93.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Granite were:
India $772M
Norway $162M
Brazil $150M
In 2023, Canada's main importing competitors in Granite were:
China $822M
Italy $163M
United Kingdom $161M

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $881k
TOP IMPORT POTENTIALIndia+ $2.45M

Granite’s highest export potential is United States. With an export gap of $881k.   Granite’s highest import potential is India with an import gap of $2.45M.

See methodology.

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