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2022
Exports $6.17MWorld Rnk 28 / 161
Flag Rnk 842 / 1210
2022
Destination $586k United States
2021 - 2022
FASTEST GROWING MARKET $586kUnited States
2022
PRODUCT COMPLEXITY IN Pearl Products-0.51Rnk 707 / 1025
2022
Imports $49MWorld Rnk 11 / 200
Flag Rnk 704 / 1213
2022
Origin $5.45M United States
2021 - 2022
FASTEST GROWING ORIGIN $5.45MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $6.17M in Pearl Products, making it the 28th largest exporter of Pearl Products in the world. At the same year, Pearl Products was the 842nd most exported product in Canada. The main destination of Pearl Products exports from Canada are: United States ($5.45M), Hong Kong ($120k), Macau ($95.8k), Malaysia ($69.2k), and Singapore ($61.5k).

The fastest growing export markets for Pearl Products of Canada between 2021 and 2022 were United States ($586k), Macau ($95.8k), and Malaysia ($69.2k).

Imports In 2022, Canada imported $49M in Pearl Products, becoming the 11th largest importer of Pearl Products in the world. At the same year, Pearl Products was the 704th most imported product in Canada. Canada imports Pearl Products primarily from: United States ($23.3M), China ($13.5M), Vietnam ($3.25M), Thailand ($3.09M), and India ($1.45M).

The fastest growing import markets in Pearl Products for Canada between 2021 and 2022 were United States ($5.45M), China ($2.75M), and Vietnam ($2.64M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Pearl Products exports accounted up to C$184k and imports accounted up to C$6.01M, resulting in a negative trade balance of C$5.82M. Between July 2023 and July 2024 the exports of Canada's   Pearl Products have decreased by C$-140k (-43.2%) from C$324k to C$184k, while imports increased by C$124k (2.11%) from C$5.88M to C$6.01M.

Destinations In July 2024, Pearl Products were exported mostly to United States (C$171k), Switzerland (C$7.83k), Hong Kong (C$3.68k), United Kingdom (C$756), and Australia (C$367), and were imported mostly from China (C$3.04M), United States (C$1.24M), Thailand (C$886k), Vietnam (C$284k), and India (C$231k).

Growth In July 2024, the decrease in Pearl Products's year-by-year exports was explained primarily by a decrease in exports to United States (C$-80k or -26.1%). In July 2024, the increase in Pearl Products's year-by-year imports was explained primarily by an increase in imports from United States (C$144k or 38.2%), Vietnam (C$137k or 55.9%), and India (C$95.7k or 58.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$-140k(-43.2%)
IMPORT GROWTH (July 2023 - July 2024)C$124k(2.11%)
MAIN EXPORTER (July 2024)OntarioC$312k
MAIN DESTINATION (July 2024)United StatesC$171k

This section shows Pearl Products'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 Pearl Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.17M
IMPORTS (2022)$49M
NET TRADE (2022)-$42.9M

In 2022, Canada exported $6.17M in Pearl Products. The main destinations of Canada exports on Pearl Products were United States ($5.45M), Hong Kong ($120k), Macau ($95.8k), Malaysia ($69.2k), and Singapore ($61.5k).

In 2022, Canada imported $49M in Pearl Products, mainly from United States ($23.3M), China ($13.5M), Vietnam ($3.25M), Thailand ($3.09M), and India ($1.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pearl Products EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$586k (12%)
Macau$95.8k (1%)
Malaysia$69.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pearl Products BY Canada WERE (2021 - 2022):
United Arab Emirates-$102k (-98.9%)
Russia-$50.5k (-100%)
Thailand-$35.8k (-97.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Pearl Products were:
China $424M
United States $313M
Thailand $162M
In 2022, Canada's main importing competitors in Pearl Products were:
United States $358M
Hong Kong $187M
China $141M

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Trade Value of Pearl Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.7M
TOP IMPORT POTENTIALIndia+ $720k

Pearl Products’s highest export potential is United States. With an export gap of $2.7M.   Pearl Products’s highest import potential is India with an import gap of $720k.

See methodology.

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