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2022
Exports $18.6MWorld Rnk 21 / 122
Flag Rnk 683 / 1210
2022
Destination $2.21M United States
2021 - 2022
FASTEST GROWING MARKET $2.21MCanada
2022
PRODUCT COMPLEXITY IN Steam Turbines0.39Rnk 412 / 1025
2022
Imports $86.4MWorld Rnk 14 / 191
Flag Rnk 597 / 1213
2022
Origin $13.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $13.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $18.6M in Steam Turbines, making it the 21st largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 683rd most exported product in Canada. The main destination of Steam Turbines exports from Canada are: United States ($7.97M), France ($4.12M), Canada ($2.51M), Algeria ($1.27M), and Japan ($689k).

The fastest growing export markets for Steam Turbines of Canada between 2021 and 2022 were Canada ($2.21M), Brazil ($292k), and China ($268k).

Imports In 2022, Canada imported $86.4M in Steam Turbines, becoming the 14th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 597th most imported product in Canada. Canada imports Steam Turbines primarily from: United States ($55.4M), Germany ($9.42M), United Kingdom ($8.11M), Japan ($4.57M), and Canada ($2.51M).

The fastest growing import markets in Steam Turbines for Canada between 2021 and 2022 were United States ($13.1M), Germany ($6.02M), and United Kingdom ($3.37M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Steam Turbines exports accounted up to C$565k and imports accounted up to C$5.61M, resulting in a negative trade balance of C$5.05M. Between July 2023 and July 2024 the exports of Canada's   Steam Turbines have decreased by C$-648k (-53.4%) from C$1.21M to C$565k, while imports decreased by C$-1.64M (-22.6%) from C$7.25M to C$5.61M.

Destinations In July 2024, Steam Turbines were exported mostly to United States (C$348k), Australia (C$211k), and Algeria (C$6.18k), and were imported mostly from United States (C$4.85M), Germany (C$224k), United Kingdom (C$167k), China (C$92.6k), and Poland (C$77.5k).

Growth In July 2024, the decrease in Steam Turbines's year-by-year exports was explained primarily by a decrease in exports to United States (C$-311k or -38.7%) and Cuba (C$-9.86k or -44%). In July 2024, the decrease in Steam Turbines's year-by-year imports was explained primarily by a decrease in imports from United States (C$-3.49M or -60.3%), Germany (C$-47.8k or -85.8%), and Japan (C$-25.7k or -75.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$-648k(-53.4%)
IMPORT GROWTH (July 2023 - July 2024)C$-1.64M(-22.6%)
MAIN EXPORTER (July 2024)OntarioC$2.28M
MAIN DESTINATION (July 2024)United StatesC$348k

This section shows Steam Turbines'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 Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.6M
IMPORTS (2022)$86.4M
NET TRADE (2022)-$67.9M

In 2022, Canada exported $18.6M in Steam Turbines. The main destinations of Canada exports on Steam Turbines were United States ($7.97M), France ($4.12M), Canada ($2.51M), Algeria ($1.27M), and Japan ($689k).

In 2022, Canada imported $86.4M in Steam Turbines, mainly from United States ($55.4M), Germany ($9.42M), United Kingdom ($8.11M), Japan ($4.57M), and Canada ($2.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$2.21M (733%)
Brazil$292k (1%)
China$268k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Canada WERE (2021 - 2022):
United States-$13M (-62%)
France-$6.22M (-60.1%)
Peru-$802k (-89.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Steam Turbines were:
Japan $678M
Germany $516M
China $502M
In 2022, Canada's main importing competitors in Steam Turbines were:
Indonesia $262M
United States $211M
Bangladesh $188M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.85M
TOP IMPORT POTENTIALJapan+ $2.27M

Steam Turbines’s highest export potential is United States. With an export gap of $3.85M.   Steam Turbines’s highest import potential is Japan with an import gap of $2.27M.

See methodology.

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