Laboratory Reagents in Canada 2020 Exports | Imports : $858M | $1.01B, World Rnk 12 / 211 Rnk 81 / 1208 | World Rnk 9 / 224 Rnk 84 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $117M | $212M, United States | United States
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Laboratory Reagents: 1.31, Rnk 96 / 1029
Exports In 2020, Canada exported $858M in Laboratory Reagents, making it the 12th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 81st most exported product in Canada. The main destination of Laboratory Reagents exports from Canada are: United States ($613M), Belgium ($35M), China ($22.2M), Germany ($20M), and France ($14.8M).
The fastest growing export markets for Laboratory Reagents of Canada between 2019 and 2020 were United States ($117M), Belgium ($15.5M), and China ($6.92M).
Imports In 2020, Canada imported $1.01B in Laboratory Reagents, becoming the 9th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 84th most imported product in Canada. Canada imports Laboratory Reagents primarily from: United States ($682M), South Korea ($81.3M), United Kingdom ($78.1M), Germany ($38.2M), and Japan ($31.9M).
The fastest growing import markets in Laboratory Reagents for Canada between 2019 and 2020 were United States ($212M), South Korea ($75.7M), and United Kingdom ($22M).
December 2022
Overview In December 2022 Canada's Laboratory Reagents exports accounted up to C$84.6M and imports accounted up to C$148M, resulting in a negative trade balance of C$63.4M. Between December 2021 and December 2022 the exports of Canada's Laboratory Reagents have increased by C$1.8M (2.17%) from C$82.8M to C$84.6M, while imports decreased by C$-61.1M (-29.2%) from C$209M to C$148M.
Destinations In December 2022, Laboratory Reagents were exported mostly to United States (C$55.7M), Belgium (C$11.9M), China (C$2.48M), France (C$1.65M), and Netherlands (C$1.27M), and were imported mostly from United States (C$95.1M), United Kingdom (C$18.2M), Germany (C$7.25M), Singapore (C$6.21M), and China (C$3.21M).
Growth In December 2022, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to Germany (C$1.72M or 186%), United States (C$1.33M or 2.61%), and Belgium (C$1.21M or 17.8%). In December 2022, the decrease in Laboratory Reagents's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-3.97M or -38.5%), Italy (C$-2.9M or -76.6%), and Lithuania (C$-739k or -27.1%).
EXPORT GROWTH (December 2021 - December 2022): C$1.8M, (2.17%)
IMPORT GROWTH (December 2021 - December 2022): C$-61.1M, (-29.2%)
MAIN EXPORTER (December 2022): Ontario, C$34.5M
MAIN DESTINATION (December 2022): United States, C$55.7M
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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EXPORTS (2020): $858M
IMPORTS (2020): $1.01B
NET TRADE (2020): -$150M
In 2020, Canada exported $858M in Laboratory Reagents. The main destinations of Canada exports on Laboratory Reagents were United States ($613M), Belgium ($35M), China ($22.2M), Germany ($20M), and France ($14.8M).
In 2020, Canada imported $1.01B in Laboratory Reagents, mainly from United States ($682M), South Korea ($81.3M), United Kingdom ($78.1M), Germany ($38.2M), and Japan ($31.9M).
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Laboratory Reagents were:
In 2020, Canada's main importing competitors in Laboratory Reagents were:
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