2023
Exports
$4.97MWorld Rnk 16 / 134
Flag Rnk 834 / 1212
falsefalse Argentina
2023
PRODUCT COMPLEXITY IN Laboratory Reagents
1.2Rnk 104 / 1025
2023
Imports
$1.25MWorld Rnk 0 / 0
Flag Rnk 0 / 0
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $4.97M in Laboratory Reagents, making it the 16th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 834th most exported product in Canada. The main destination of Laboratory Reagents exports from Canada are: Argentina ($2.97M), Djibouti ($655k), Philippines ($555k), Lebanon ($261k), and Angola ($139k).

The fastest growing export markets for Laboratory Reagents of Canada between 2022 and 2023 were Djibouti ($655k), Angola ($107k), and Guyana ($46.5k).

Imports In 2022, Canada imported $1.25M in Laboratory Reagents, becoming the 0th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 0th most imported product in Canada. Canada imports Laboratory Reagents primarily from: N/A.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$11.6M(15.7%)
IMPORT GROWTH (December 2023 - December 2024)C$1.61M(1.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$49.7M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.97M
IMPORTS (2022)$1.25M
NET TRADE (2023)$4.97M

In 2023, Canada exported $4.97M in Laboratory Reagents. The main destinations of Canada exports on Laboratory Reagents were Argentina ($2.97M), Djibouti ($655k), Philippines ($555k), Lebanon ($261k), and Angola ($139k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Djibouti$655k (1%)
Angola$107k (342%)
Guyana$46.5k (95.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Canada WERE (2022 - 2023):
Chinese Taipei-$2.79M (-100%)
Brunei-$2.53M (-100%)
Philippines-$1.04M (-65.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Laboratory Reagents were:
In 2023, Canada's main importing competitors in Laboratory Reagents were:

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $210M
TOP IMPORT POTENTIALUnited States+ $264M

Laboratory Reagents’s highest export potential is United States. With an export gap of $210M.   Laboratory Reagents’s highest import potential is United States with an import gap of $264M.

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