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2022
Exports $26.8MWorld Rnk 13 / 194
Flag Rnk 623 / 1210
2022
Destination $5.74M United States
2021 - 2022
FASTEST GROWING MARKET $5.74MUnited States
2022
PRODUCT COMPLEXITY IN Wood Ornaments-0.4Rnk 674 / 1025
2022
Imports $74.7MWorld Rnk 7 / 217
Flag Rnk 629 / 1213
2022
Origin $1.83M China
2021 - 2022
FASTEST GROWING ORIGIN $1.83MVietnam
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $26.8M in Wood Ornaments, making it the 13th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 623rd most exported product in Canada. The main destination of Wood Ornaments exports from Canada are: United States ($24.4M), Canada ($1.41M), Netherlands ($139k), Bermuda ($116k), and South Korea ($103k).

The fastest growing export markets for Wood Ornaments of Canada between 2021 and 2022 were United States ($5.74M), Netherlands ($100k), and South Korea ($82.6k).

Imports In 2022, Canada imported $74.7M in Wood Ornaments, becoming the 7th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 629th most imported product in Canada. Canada imports Wood Ornaments primarily from: China ($50.9M), United States ($7.73M), Vietnam ($4.96M), India ($2.59M), and Canada ($1.41M).

The fastest growing import markets in Wood Ornaments for Canada between 2021 and 2022 were Vietnam ($1.83M), China ($1.57M), and Philippines ($247k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Wood Ornaments exports accounted up to C$815k and imports accounted up to C$5.21M, resulting in a negative trade balance of C$4.4M. Between June 2023 and June 2024 the exports of Canada's   Wood Ornaments have decreased by C$-235k (-22.4%) from C$1.05M to C$815k, while imports decreased by C$-827k (-13.7%) from C$6.04M to C$5.21M.

Destinations In June 2024, Wood Ornaments were exported mostly to United States (C$793k), South Korea (C$16.1k), Chile (C$3.89k), Turks and Caicos Islands (C$1.38k), and Hong Kong (C$934), and were imported mostly from China (C$3.01M), Vietnam (C$576k), United States (C$510k), India (C$325k), and Indonesia (C$169k).

Growth In June 2024, the decrease in Wood Ornaments's year-by-year exports was explained primarily by a decrease in exports to United States (C$-43.1k or -0.99%). In June 2024, the decrease in Wood Ornaments's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-78.7k or -76.2%), Poland (C$-62.2k or -37.4%), and Netherlands (C$-42.7k or -98.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-235k(-22.4%)
IMPORT GROWTH (June 2023 - June 2024)C$-827k(-13.7%)
MAIN EXPORTER (June 2024)British ColumbiaC$5.68M
MAIN DESTINATION (June 2024)United StatesC$793k

This section shows Wood Ornaments'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 Wood Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.8M
IMPORTS (2022)$74.7M
NET TRADE (2022)-$47.9M

In 2022, Canada exported $26.8M in Wood Ornaments. The main destinations of Canada exports on Wood Ornaments were United States ($24.4M), Canada ($1.41M), Netherlands ($139k), Bermuda ($116k), and South Korea ($103k).

In 2022, Canada imported $74.7M in Wood Ornaments, mainly from China ($50.9M), United States ($7.73M), Vietnam ($4.96M), India ($2.59M), and Canada ($1.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$5.74M (30.7%)
Netherlands$100k (260%)
South Korea$82.6k (407%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Canada WERE (2021 - 2022):
Canada-$449k (-24.1%)
Bermuda-$60.2k (-34.1%)
Chinese Taipei-$58.7k (-94.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
Indonesia $77.4M
In 2022, Canada's main importing competitors in Wood Ornaments were:
United States $984M
Germany $226M
France $134M

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.14M
TOP IMPORT POTENTIALIndia+ $1.63M

Wood Ornaments’s highest export potential is United States. With an export gap of $9.14M.   Wood Ornaments’s highest import potential is India with an import gap of $1.63M.

See methodology.

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