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2018
Exports $954MWorld Rnk 35 / 222
Flag Rnk 94 / 1210
2018
Destination $114M United States
2021 - 2022
FASTEST GROWING MARKET $114MUnited States
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2018
Imports $3.93BWorld Rnk 8 / 225
Flag Rnk 20 / 1213
2018
Origin $509M United States
2021 - 2022
FASTEST GROWING ORIGIN $509MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2018, Canada exported $954M in Insulated Wire, making it the 35th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 94th most exported product in Canada. The main destination of Insulated Wire exports from Canada are: United States ($804M), Canada ($20.5M), Germany ($14.1M), China ($12.3M), and Mexico ($9.52M).

The fastest growing export markets for Insulated Wire of Canada between 2021 and 2022 were United States ($114M), Canada ($4.77M), and Mexico ($2.79M).

Imports In 2022, Canada imported $3.93B in Insulated Wire, becoming the 8th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 20th most imported product in Canada. Canada imports Insulated Wire primarily from: United States ($2.28B), China ($535M), Mexico ($321M), Philippines ($205M), and Vietnam ($177M).

The fastest growing import markets in Insulated Wire for Canada between 2021 and 2022 were United States ($509M), Mexico ($95.1M), and China ($65.7M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Insulated Wire from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Insulated Wire exports accounted up to C$87.6M and imports accounted up to C$481M, resulting in a negative trade balance of C$393M. Between August 2023 and August 2024 the exports of Canada's   Insulated Wire have decreased by C$-14.9M (-14.5%) from C$102M to C$87.6M, while imports decreased by C$-18.8M (-3.76%) from C$499M to C$481M.

Destinations In August 2024, Insulated Wire were exported mostly to United States (C$78.2M), Saudi Arabia (C$1.01M), Germany (C$820k), United Kingdom (C$807k), and Australia (C$625k), and were imported mostly from United States (C$212M), Mexico (C$88.9M), China (C$67.4M), Vietnam (C$26.8M), and Philippines (C$17.4M).

Growth In August 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Cuba (C$-410k or -72.5%), China (C$-403k or -27.9%), and Peru (C$-277k or -94.5%). In August 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-4.41M or -53.2%), India (C$-2.92M or -80.5%), and Austria (C$-1.99M or -92%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-14.9M(-14.5%)
IMPORT GROWTH (August 2023 - August 2024)C$-18.8M(-3.76%)
MAIN EXPORTER (August 2024)OntarioC$76.6M
MAIN DESTINATION (August 2024)United StatesC$78.2M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$954M
IMPORTS (2022)$3.93B
NET TRADE (2022)-$2.98B

In 2022, Canada exported $954M in Insulated Wire. The main destinations of Canada exports on Insulated Wire were United States ($804M), Canada ($20.5M), Germany ($14.1M), China ($12.3M), and Mexico ($9.52M).

In 2022, Canada imported $3.93B in Insulated Wire, mainly from United States ($2.28B), China ($535M), Mexico ($321M), Philippines ($205M), and Vietnam ($177M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$114M (16.5%)
Canada$4.77M (30.4%)
Mexico$2.79M (41.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Canada WERE (2021 - 2022):
China-$3.55M (-22.3%)
Netherlands-$2.19M (-29.2%)
South Korea-$1.13M (-32.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Insulated Wire were:
China $33.9B
Mexico $16.6B
United States $11B
In 2022, Canada's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $412M
TOP IMPORT POTENTIALChina+ $210M

Insulated Wire’s highest export potential is United States. With an export gap of $412M.   Insulated Wire’s highest import potential is China with an import gap of $210M.

See methodology.

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