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2022
Exports $9.86MWorld Rnk 11 / 104
Flag Rnk 780 / 1210
2022
Destination $344k United States
2021 - 2022
FASTEST GROWING MARKET $344kChinese Taipei
2022
Imports $8.33MWorld Rnk 19 / 185
Flag Rnk 989 / 1213
2022
Origin $2.71M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.71MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $9.86M in Nitric Acids, making it the 11th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 780th most exported product in Canada. The main destination of Nitric Acids exports from Canada are: United States ($7.85M), Netherlands ($525k), Chinese Taipei ($408k), Canada ($154k), and South Korea ($147k).

The fastest growing export markets for Nitric Acids of Canada between 2021 and 2022 were Chinese Taipei ($344k), United Kingdom ($103k), and Cuba ($53.1k).

Imports In 2022, Canada imported $8.33M in Nitric Acids, becoming the 19th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 989th most imported product in Canada. Canada imports Nitric Acids primarily from: United States ($8.01M), Canada ($154k), Netherlands ($53.6k), China ($39.8k), and Czechia ($36k).

The fastest growing import markets in Nitric Acids for Canada between 2021 and 2022 were United States ($2.71M), Netherlands ($48k), and Belgium ($21.4k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Nitric Acids exports accounted up to C$1.3M and imports accounted up to C$855k, resulting in a positive trade balance of C$441k. Between June 2023 and June 2024 the exports of Canada's   Nitric Acids have increased by C$1.14M (711%) from C$160k to C$1.3M, while imports decreased by C$-109k (-11.3%) from C$964k to C$855k.

Destinations In June 2024, Nitric Acids were exported mostly to United States (C$1.12M), Netherlands (C$154k), Guyana (C$9.72k), and Mexico (C$8.71k), and were imported mostly from United States (C$767k), Czechia (C$36.5k), Canada (C$27k), China (C$16.5k), and South Korea (C$7.55k).

Growth In June 2024, the increase in Nitric Acids's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Nitric Acids's year-by-year imports was explained primarily by a decrease in imports from Canada (C$-9.39k or -51%) and Switzerland (C$-23 or -63.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.14M(711%)
IMPORT GROWTH (June 2023 - June 2024)C$-109k(-11.3%)
MAIN EXPORTER (June 2024)British ColumbiaC$1.05M
MAIN DESTINATION (June 2024)United StatesC$1.12M

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.86M
IMPORTS (2022)$8.33M
NET TRADE (2022)$1.52M

In 2022, Canada exported $9.86M in Nitric Acids. The main destinations of Canada exports on Nitric Acids were United States ($7.85M), Netherlands ($525k), Chinese Taipei ($408k), Canada ($154k), and South Korea ($147k).

In 2022, Canada imported $8.33M in Nitric Acids, mainly from United States ($8.01M), Canada ($154k), Netherlands ($53.6k), China ($39.8k), and Czechia ($36k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Chinese Taipei$344k (535%)
United Kingdom$103k (350%)
Cuba$53.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Canada WERE (2021 - 2022):
China-$471k (-96.1%)
Netherlands-$469k (-47.2%)
United States-$141k (-1.77%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Nitric Acids were:
South Korea $154M
Belgium $142M
Germany $100M
In 2022, Canada's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $74.1k
TOP IMPORT POTENTIALChina+ $61.9k

Nitric Acids’s highest export potential is Germany. With an export gap of $74.1k.   Nitric Acids’s highest import potential is China with an import gap of $61.9k.

See methodology.

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