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2022
Exports $725kWorld Rnk 32 / 110
Flag Rnk 1063 / 1210
2022
Destination $270k United States
2021 - 2022
FASTEST GROWING MARKET $270kUnited States
2022
PRODUCT COMPLEXITY IN Time Switches0.78Rnk 256 / 1025
2022
Imports $17.8MWorld Rnk 8 / 198
Flag Rnk 880 / 1213
2022
Origin $968k United States
2021 - 2022
FASTEST GROWING ORIGIN $968kChinese Taipei
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $725k in Time Switches, making it the 32nd largest exporter of Time Switches in the world. At the same year, Time Switches was the 1063rd most exported product in Canada. The main destination of Time Switches exports from Canada are: United States ($515k), Canada ($90.5k), Kuwait ($37.1k), Thailand ($15.4k), and Mexico ($12.7k).

The fastest growing export markets for Time Switches of Canada between 2021 and 2022 were United States ($270k), Kuwait ($37.1k), and Canada ($23.3k).

Imports In 2022, Canada imported $17.8M in Time Switches, becoming the 8th largest importer of Time Switches in the world. At the same year, Time Switches was the 880th most imported product in Canada. Canada imports Time Switches primarily from: United States ($6.61M), China ($4.35M), Mexico ($3.66M), Chinese Taipei ($1.65M), and Poland ($629k).

The fastest growing import markets in Time Switches for Canada between 2021 and 2022 were Chinese Taipei ($968k), Thailand ($55.2k), and Germany ($41.9k).

Latest Trends

May 2024

About

Overview In May 2024 Canada's Time Switches exports accounted up to C$3.84k and imports accounted up to C$1.62M, resulting in a negative trade balance of C$1.61M. Between December 2022 and May 2024 the exports of Canada's   Time Switches have increased by C$2.55k (198%) from C$1.29k to C$3.84k, while imports decreased by C$-868k (-34.9%) from C$2.48M to C$1.62M.

Destinations In May 2024, Time Switches were exported mostly to , and were imported mostly from Mexico (C$633k), China (C$361k), United States (C$203k), Poland (C$178k), and Thailand (C$49.4k).

Growth In May 2024, the increase in Time Switches's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Time Switches's year-by-year imports was explained primarily by a decrease in imports from China (C$-222k or -33.3%), Mexico (C$-171k or -36.1%), and France (C$-14.4k or -93.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - May 2024)C$2.55k(198%)
IMPORT GROWTH (June 2023 - June 2024)C$-868k(-34.9%)
MAIN EXPORTER (May 2024)OntarioC$23.4k
MAIN DESTINATION (May 2024)

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$725k
IMPORTS (2022)$17.8M
NET TRADE (2022)-$17M

In 2022, Canada exported $725k in Time Switches. The main destinations of Canada exports on Time Switches were United States ($515k), Canada ($90.5k), Kuwait ($37.1k), Thailand ($15.4k), and Mexico ($12.7k).

In 2022, Canada imported $17.8M in Time Switches, mainly from United States ($6.61M), China ($4.35M), Mexico ($3.66M), Chinese Taipei ($1.65M), and Poland ($629k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$270k (110%)
Kuwait$37.1k (1%)
Canada$23.3k (34.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Canada WERE (2021 - 2022):
Australia-$4.71k (-100%)
Kenya-$3.07k (-100%)
Germany-$2.98k (-60.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Time Switches were:
China $165M
Mexico $92M
France $43.8M
In 2022, Canada's main importing competitors in Time Switches were:
United States $107M
France $42M
Germany $25.1M

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $339k
TOP IMPORT POTENTIALMexico+ $148k

Time Switches’s highest export potential is United States. With an export gap of $339k.   Time Switches’s highest import potential is Mexico with an import gap of $148k.

See methodology.

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