Sound Recordings in Canada 2020 Exports | Imports : $26.5M | $32.7M, World Rnk 16 / 164 Rnk 560 / 1208 | World Rnk 12 / 206 Rnk 730 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.73M | $757k, United States | Czechia
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Sound Recordings: 0.87, Rnk 221 / 1029
Exports In 2020, Canada exported $26.5M in Sound Recordings, making it the 16th largest exporter of Sound Recordings in the world. At the same year, Sound Recordings was the 560th most exported product in Canada. The main destination of Sound Recordings exports from Canada are: United States ($21.4M), China ($940k), United Kingdom ($503k), Mexico ($459k), and Japan ($359k).
The fastest growing export markets for Sound Recordings of Canada between 2019 and 2020 were United States ($7.73M), Netherlands ($291k), and Japan ($249k).
Imports In 2020, Canada imported $32.7M in Sound Recordings, becoming the 12th largest importer of Sound Recordings in the world. At the same year, Sound Recordings was the 730th most imported product in Canada. Canada imports Sound Recordings primarily from: United States ($21.8M), Mexico ($2.57M), Czechia ($2.53M), United Kingdom ($1.1M), and Chinese Taipei ($959k).
The fastest growing import markets in Sound Recordings for Canada between 2019 and 2020 were Czechia ($757k), Spain ($218k), and France ($98.8k).
November 2022
Overview In November 2022 Canada's Sound Recordings exports accounted up to C$91.8k and imports accounted up to C$4.68M, resulting in a negative trade balance of C$4.59M. Between November 2006 and November 2022 the exports of Canada's Sound Recordings have decreased by C$-34.3M (-99.7%) from C$34.4M to C$91.8k, while imports decreased by C$-171M (-97.3%) from C$176M to C$4.68M.
Destinations In November 2022, Sound Recordings were exported mostly to United States (C$81.9k), France (C$21.8k), South Africa (C$3.97k), and Brazil (C$734), and were imported mostly from United States (C$3.29M), China (C$2.31M), Japan (C$211k), Mexico (C$161k), and South Korea (C$130k).
Growth In November 2022, the decrease in Sound Recordings's year-by-year exports was explained primarily by a decrease in exports to . In November 2022, the decrease in Sound Recordings's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (November 2006 - November 2022): C$-34.3M, (-99.7%)
IMPORT GROWTH (November 2006 - November 2022): C$-171M, (-97.3%)
MAIN EXPORTER (November 2022): Quebec, C$68.1k
MAIN DESTINATION (November 2022): United States, C$81.9k
This section shows Sound Recordings'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 Sound Recordings over time.
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EXPORTS (2020): $26.5M
IMPORTS (2020): $32.7M
NET TRADE (2020): -$6.22M
In 2020, Canada exported $26.5M in Sound Recordings. The main destinations of Canada exports on Sound Recordings were United States ($21.4M), China ($940k), United Kingdom ($503k), Mexico ($459k), and Japan ($359k).
In 2020, Canada imported $32.7M in Sound Recordings, mainly from United States ($21.8M), Mexico ($2.57M), Czechia ($2.53M), United Kingdom ($1.1M), and Chinese Taipei ($959k).
THE FASTEST GROWING Sound Recordings EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recordings BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Sound Recordings were:
In 2020, Canada's main importing competitors in Sound Recordings were:
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