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2022
Exports $1.2BWorld Rnk 18 / 224
Flag Rnk 78 / 1210
2022
Destination $160M United States
2021 - 2022
FASTEST GROWING MARKET $160MUnited States
2022
PRODUCT COMPLEXITY IN Valves1.35Rnk 81 / 1025
2022
Imports $3.8BWorld Rnk 5 / 224
Flag Rnk 22 / 1213
2022
Origin $333M United States
2021 - 2022
FASTEST GROWING ORIGIN $333MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.2B in Valves, making it the 18th largest exporter of Valves in the world. At the same year, Valves was the 78th most exported product in Canada. The main destination of Valves exports from Canada are: United States ($802M), Canada ($80.4M), China ($36.3M), Mexico ($31.5M), and Germany ($16.6M).

The fastest growing export markets for Valves of Canada between 2021 and 2022 were United States ($160M), Mexico ($23M), and Canada ($19.5M).

Imports In 2022, Canada imported $3.8B in Valves, becoming the 5th largest importer of Valves in the world. At the same year, Valves was the 22nd most imported product in Canada. Canada imports Valves primarily from: United States ($2.33B), China ($656M), Germany ($113M), Mexico ($106M), and Italy ($92.1M).

The fastest growing import markets in Valves for Canada between 2021 and 2022 were United States ($333M), China ($123M), and Mexico ($47.6M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (2) and Mazda (1) were at the forefront of shipping Valves from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Valves exports accounted up to C$106M and imports accounted up to C$479M, resulting in a negative trade balance of C$373M. Between August 2023 and August 2024 the exports of Canada's   Valves have decreased by C$-3.2M (-2.93%) from C$109M to C$106M, while imports increased by C$36.5M (8.25%) from C$443M to C$479M.

Destinations In August 2024, Valves were exported mostly to United States (C$82.9M), China (C$1.7M), Brazil (C$1.47M), Thailand (C$1.42M), and Italy (C$1.26M), and were imported mostly from United States (C$241M), China (C$86.8M), Mexico (C$27.2M), Germany (C$19.8M), and Italy (C$15.9M).

Growth In August 2024, the decrease in Valves's year-by-year exports was explained primarily by a decrease in exports to China (C$-3.48M or -62.6%), Australia (C$-656k or -49.3%), and Chinese Taipei (C$-557k or -75.4%). In August 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States (C$58.7M or 34.9%), China (C$22.8M or 40.1%), and Mexico (C$9.46M or 48.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-3.2M(-2.93%)
IMPORT GROWTH (August 2023 - August 2024)C$36.5M(8.25%)
MAIN EXPORTER (August 2024)OntarioC$53.3M
MAIN DESTINATION (August 2024)United StatesC$82.9M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.2B
IMPORTS (2022)$3.8B
NET TRADE (2022)-$2.6B

In 2022, Canada exported $1.2B in Valves. The main destinations of Canada exports on Valves were United States ($802M), Canada ($80.4M), China ($36.3M), Mexico ($31.5M), and Germany ($16.6M).

In 2022, Canada imported $3.8B in Valves, mainly from United States ($2.33B), China ($656M), Germany ($113M), Mexico ($106M), and Italy ($92.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$160M (24.9%)
Mexico$23M (272%)
Canada$19.5M (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Canada WERE (2021 - 2022):
China-$14.5M (-28.5%)
United Arab Emirates-$7.67M (-46.3%)
Russia-$5.94M (-86.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Valves were:
China $22.9B
Germany $14.7B
United States $12.5B
In 2022, Canada's main importing competitors in Valves were:
United States $16.8B
Germany $7.9B
China $7.84B

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $323M
TOP IMPORT POTENTIALChina+ $153M

Valves’s highest export potential is United States. With an export gap of $323M.   Valves’s highest import potential is China with an import gap of $153M.

See methodology.

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