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2022
Exports $261MWorld Rnk 6 / 197
Flag Rnk 238 / 1210
2022
Destination $22.3M United States
2021 - 2022
FASTEST GROWING MARKET $22.3MUnited States
2022
PRODUCT COMPLEXITY IN Pulley Systems0.82Rnk 238 / 1025
2022
Imports $442MWorld Rnk 3 / 218
Flag Rnk 252 / 1213
2022
Origin $27.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $27.3MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $261M in Pulley Systems, making it the 6th largest exporter of Pulley Systems in the world. At the same year, Pulley Systems was the 238th most exported product in Canada. The main destination of Pulley Systems exports from Canada are: United States ($201M), Saudi Arabia ($11.2M), Mexico ($10.7M), Canada ($6.76M), and Italy ($3.02M).

The fastest growing export markets for Pulley Systems of Canada between 2021 and 2022 were United States ($22.3M), Saudi Arabia ($10.7M), and Canada ($1.13M).

Imports In 2022, Canada imported $442M in Pulley Systems, becoming the 3rd largest importer of Pulley Systems in the world. At the same year, Pulley Systems was the 252nd most imported product in Canada. Canada imports Pulley Systems primarily from: United States ($202M), China ($115M), Mexico ($53.7M), Germany ($15.2M), and Japan ($9.16M).

The fastest growing import markets in Pulley Systems for Canada between 2021 and 2022 were United States ($27.3M), Mexico ($10.5M), and China ($6.86M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Pulley Systems exports accounted up to C$34.3M and imports accounted up to C$48.2M, resulting in a negative trade balance of C$13.9M. Between August 2023 and August 2024 the exports of Canada's   Pulley Systems have increased by C$7.06M (25.9%) from C$27.3M to C$34.3M, while imports increased by C$3.26M (7.26%) from C$45M to C$48.2M.

Destinations In August 2024, Pulley Systems were exported mostly to United States (C$23.6M), South Korea (C$9.06M), Saudi Arabia (C$575k), China (C$214k), and Norway (C$154k), and were imported mostly from United States (C$19.4M), China (C$14.9M), Mexico (C$5.76M), Germany (C$2.05M), and Italy (C$1.19M).

Growth In August 2024, the increase in Pulley Systems's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei (C$242k or 280%), Peru (C$158k or 11.2k%), and United Kingdom (C$102k or 220%). In August 2024, the increase in Pulley Systems's year-by-year imports was explained primarily by an increase in imports from United States (C$5.86M or 57.8%), Spain (C$825k or 2.89k%), and Germany (C$698k or 26%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$7.06M(25.9%)
IMPORT GROWTH (August 2023 - August 2024)C$3.26M(7.26%)
MAIN EXPORTER (August 2024)OntarioC$28M
MAIN DESTINATION (August 2024)United StatesC$23.6M

This section shows Pulley Systems'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 Pulley Systems over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$261M
IMPORTS (2022)$442M
NET TRADE (2022)-$181M

In 2022, Canada exported $261M in Pulley Systems. The main destinations of Canada exports on Pulley Systems were United States ($201M), Saudi Arabia ($11.2M), Mexico ($10.7M), Canada ($6.76M), and Italy ($3.02M).

In 2022, Canada imported $442M in Pulley Systems, mainly from United States ($202M), China ($115M), Mexico ($53.7M), Germany ($15.2M), and Japan ($9.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pulley Systems EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$22.3M (12.4%)
Saudi Arabia$10.7M (2.05k%)
Canada$1.13M (20.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pulley Systems BY Canada WERE (2021 - 2022):
Algeria-$3.22M (-80.9%)
Mexico-$2.44M (-18.6%)
Austria-$435k (-33.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Pulley Systems were:
China $2.92B
Germany $815M
Italy $566M
In 2022, Canada's main importing competitors in Pulley Systems were:
United States $1.67B
Germany $518M

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Trade Value of Pulley Systems by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $38.5M
TOP IMPORT POTENTIALGermany+ $5.46M

Pulley Systems’s highest export potential is United States. With an export gap of $38.5M.   Pulley Systems’s highest import potential is Germany with an import gap of $5.46M.

See methodology.

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