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2022
Exports $218MWorld Rnk 6 / 174
Flag Rnk 262 / 1210
2022
Destination $27.6M United States
2021 - 2022
FASTEST GROWING MARKET $27.6MUnited States
2022
PRODUCT COMPLEXITY IN Woodworking machines1.28Rnk 96 / 1025
2022
Imports $384MWorld Rnk 4 / 218
Flag Rnk 271 / 1213
2022
Origin $7.19M China
2021 - 2022
FASTEST GROWING ORIGIN $7.19MGermany
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $218M in Woodworking machines, making it the 6th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 262nd most exported product in Canada. The main destination of Woodworking machines exports from Canada are: United States ($181M), Brazil ($7.54M), United Kingdom ($3.94M), New Zealand ($3.42M), and Australia ($2.61M).

The fastest growing export markets for Woodworking machines of Canada between 2021 and 2022 were United States ($27.6M), Brazil ($4.55M), and New Zealand ($2.62M).

Imports In 2022, Canada imported $384M in Woodworking machines, becoming the 4th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 271st most imported product in Canada. Canada imports Woodworking machines primarily from: China ($105M), United States ($90.4M), Chinese Taipei ($59.6M), Germany ($39.8M), and Italy ($34.6M).

The fastest growing import markets in Woodworking machines for Canada between 2021 and 2022 were Germany ($7.19M), Austria ($5.27M), and United States ($4.95M).

COMPANIES In 2023, leading companies such as Schaeffler Group (5) and Celebrity Cruises (1) were at the forefront of shipping Woodworking machines from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Woodworking machines exports accounted up to C$14.5M and imports accounted up to C$42.1M, resulting in a negative trade balance of C$27.6M. Between June 2023 and June 2024 the exports of Canada's   Woodworking machines have increased by C$45.4k (0.31%) from C$14.4M to C$14.5M, while imports decreased by C$-521k (-1.22%) from C$42.6M to C$42.1M.

Destinations In June 2024, Woodworking machines were exported mostly to United States (C$11.8M), Spain (C$913k), New Zealand (C$856k), Mexico (C$323k), and Australia (C$282k), and were imported mostly from Germany (C$10.4M), United States (C$9M), China (C$7.66M), Chinese Taipei (C$4.85M), and Italy (C$4.01M).

Growth In June 2024, the increase in Woodworking machines's year-by-year exports was explained primarily by an increase in exports to Chile (C$2.14M or 67.3k%). In June 2024, the decrease in Woodworking machines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (C$-2.09M or -28.3%), China (C$-1.89M or -18.3%), and Brazil (C$-495k or -91.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$45.4k(0.31%)
IMPORT GROWTH (June 2023 - June 2024)C$-521k(-1.22%)
MAIN EXPORTER (June 2024)British ColumbiaC$12M
MAIN DESTINATION (June 2024)United StatesC$11.8M

This section shows Woodworking machines'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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$218M
IMPORTS (2022)$384M
NET TRADE (2022)-$167M

In 2022, Canada exported $218M in Woodworking machines. The main destinations of Canada exports on Woodworking machines were United States ($181M), Brazil ($7.54M), United Kingdom ($3.94M), New Zealand ($3.42M), and Australia ($2.61M).

In 2022, Canada imported $384M in Woodworking machines, mainly from China ($105M), United States ($90.4M), Chinese Taipei ($59.6M), Germany ($39.8M), and Italy ($34.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$27.6M (18.1%)
Brazil$4.55M (152%)
New Zealand$2.62M (323%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Canada WERE (2021 - 2022):
United Kingdom-$3.49M (-47%)
Turkey-$1.4M (-98.2%)
Mexico-$859k (-34.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Canada's main importing competitors in Woodworking machines were:
United States $1.74B
Germany $700M
France $424M

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.3M
TOP IMPORT POTENTIALGermany+ $6.11M

Woodworking machines’s highest export potential is United States. With an export gap of $23.3M.   Woodworking machines’s highest import potential is Germany with an import gap of $6.11M.

See methodology.

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