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2022
Exports $448MWorld Rnk 9 / 213
Flag Rnk 181 / 1210
2022
Destination $5.02M United States
2021 - 2022
FASTEST GROWING MARKET $5.02MKazakhstan
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $980MWorld Rnk 5 / 225
Flag Rnk 127 / 1213
2022
Origin $90.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $90.4MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $448M in Interchangeable Tool Parts, making it the 9th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 181st most exported product in Canada. The main destination of Interchangeable Tool Parts exports from Canada are: United States ($321M), Mexico ($21.9M), Canada ($14.8M), Australia ($8.71M), and Kazakhstan ($6.63M).

The fastest growing export markets for Interchangeable Tool Parts of Canada between 2021 and 2022 were Kazakhstan ($5.02M), Canada ($2.16M), and Mexico ($2.13M).

Imports In 2022, Canada imported $980M in Interchangeable Tool Parts, becoming the 5th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 127th most imported product in Canada. Canada imports Interchangeable Tool Parts primarily from: United States ($488M), China ($234M), Japan ($57.7M), South Korea ($31.2M), and Sweden ($26.6M).

The fastest growing import markets in Interchangeable Tool Parts for Canada between 2021 and 2022 were United States ($90.4M), China ($13.7M), and Mexico ($5.7M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Interchangeable Tool Parts exports accounted up to C$36.2M and imports accounted up to C$103M, resulting in a negative trade balance of C$66.9M. Between July 2023 and July 2024 the exports of Canada's   Interchangeable Tool Parts have increased by C$7.04M (24.2%) from C$29.1M to C$36.2M, while imports increased by C$17.3M (20.1%) from C$85.8M to C$103M.

Destinations In July 2024, Interchangeable Tool Parts were exported mostly to United States (C$26.7M), Trinidad and Tobago (C$1.83M), Mexico (C$1.16M), Australia (C$1.14M), and India (C$398k), and were imported mostly from United States (C$45.2M), China (C$22.1M), Germany (C$5.82M), South Korea (C$4.47M), and Sweden (C$4.04M).

Growth In July 2024, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Spain (C$877k or 14.6k%), Chile (C$509k or 117%), and India (C$389k or 7.9k%). In July 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from United States (C$12.6M or 36.7%), Sweden (C$1.12M or 38.4%), and South Korea (C$795k or 45%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$7.04M(24.2%)
IMPORT GROWTH (July 2023 - July 2024)C$17.3M(20.1%)
MAIN EXPORTER (July 2024)OntarioC$25.8M
MAIN DESTINATION (July 2024)United StatesC$26.7M

This section shows Interchangeable Tool 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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$448M
IMPORTS (2022)$980M
NET TRADE (2022)-$532M

In 2022, Canada exported $448M in Interchangeable Tool Parts. The main destinations of Canada exports on Interchangeable Tool Parts were United States ($321M), Mexico ($21.9M), Canada ($14.8M), Australia ($8.71M), and Kazakhstan ($6.63M).

In 2022, Canada imported $980M in Interchangeable Tool Parts, mainly from United States ($488M), China ($234M), Japan ($57.7M), South Korea ($31.2M), and Sweden ($26.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Kazakhstan$5.02M (312%)
Canada$2.16M (17.1%)
Mexico$2.13M (10.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Canada WERE (2021 - 2022):
Russia-$4.42M (-82.7%)
Burkina Faso-$4.22M (-67.1%)
Australia-$3.97M (-31.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Interchangeable Tool Parts were:
China $4.96B
Germany $3.88B
United States $2.11B
In 2022, Canada's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $74.2M
TOP IMPORT POTENTIALGermany+ $17.3M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $74.2M.   Interchangeable Tool Parts’s highest import potential is Germany with an import gap of $17.3M.

See methodology.

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