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2022
Exports $172MWorld Rnk 7 / 198
Flag Rnk 311 / 1210
2022
Destination $13M United States
2021 - 2022
FASTEST GROWING MARKET $13MUnited States
2022
PRODUCT COMPLEXITY IN Paper Labels-0.031Rnk 557 / 1025
2022
Imports $224MWorld Rnk 8 / 224
Flag Rnk 382 / 1213
2022
Origin $37.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $37.4MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $172M in Paper Labels, making it the 7th largest exporter of Paper Labels in the world. At the same year, Paper Labels was the 311th most exported product in Canada. The main destination of Paper Labels exports from Canada are: United States ($161M), Hong Kong ($2.28M), Trinidad and Tobago ($1.89M), Germany ($1.34M), and Mexico ($578k).

The fastest growing export markets for Paper Labels of Canada between 2021 and 2022 were United States ($13M), Trinidad and Tobago ($1.45M), and Thailand ($145k).

Imports In 2022, Canada imported $224M in Paper Labels, becoming the 8th largest importer of Paper Labels in the world. At the same year, Paper Labels was the 382nd most imported product in Canada. Canada imports Paper Labels primarily from: United States ($193M), China ($18M), France ($4.99M), Mexico ($1.83M), and Japan ($852k).

The fastest growing import markets in Paper Labels for Canada between 2021 and 2022 were United States ($37.4M), France ($3.05M), and China ($2.77M).

Latest Trends

April 2024

About

Overview In April 2024 Canada's Paper Labels exports accounted up to C$20.1M and imports accounted up to C$23.5M, resulting in a negative trade balance of C$3.42M. Between April 2023 and April 2024 the exports of Canada's   Paper Labels have decreased by C$-1.3M (-6.08%) from C$21.4M to C$20.1M, while imports increased by C$1.39M (6.27%) from C$22.1M to C$23.5M.

Destinations In April 2024, Paper Labels were exported mostly to United States (C$18.9M), Italy (C$542k), Hong Kong (C$194k), Germany (C$108k), and Mexico (C$48.7k), and were imported mostly from United States (C$18.8M), China (C$2.36M), Mexico (C$544k), France (C$516k), and Germany (C$258k).

Growth In April 2024, the decrease in Paper Labels's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (C$-167k or -48.6%), Australia (C$-54.1k or -96.5%), and Switzerland (C$-28.4k or -96.7%). In April 2024, the increase in Paper Labels's year-by-year imports was explained primarily by an increase in imports from United States (C$3.66M or 23.7%), China (C$695k or 60.4%), and Italy (C$239k or 1.03k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)C$-1.3M(-6.08%)
IMPORT GROWTH (April 2023 - April 2024)C$1.39M(6.27%)
MAIN EXPORTER (April 2024)OntarioC$16.2M
MAIN DESTINATION (April 2024)United StatesC$18.9M

This section shows Paper Labels'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 Paper Labels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$172M
IMPORTS (2022)$224M
NET TRADE (2022)-$51.8M

In 2022, Canada exported $172M in Paper Labels. The main destinations of Canada exports on Paper Labels were United States ($161M), Hong Kong ($2.28M), Trinidad and Tobago ($1.89M), Germany ($1.34M), and Mexico ($578k).

In 2022, Canada imported $224M in Paper Labels, mainly from United States ($193M), China ($18M), France ($4.99M), Mexico ($1.83M), and Japan ($852k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paper Labels EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13M (8.77%)
Trinidad and Tobago$1.45M (326%)
Thailand$145k (287%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paper Labels BY Canada WERE (2021 - 2022):
Finland-$3.12M (-99.2%)
Hong Kong-$728k (-24.2%)
Australia-$284k (-36.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Paper Labels were:
China $1.36B
United States $628M
Germany $583M
In 2022, Canada's main importing competitors in Paper Labels were:
United States $510M
Germany $371M
France $299M

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Trade Value of Paper Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.8M
TOP IMPORT POTENTIALChina+ $8.47M

Paper Labels’s highest export potential is United States. With an export gap of $3.8M.   Paper Labels’s highest import potential is China with an import gap of $8.47M.

See methodology.

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