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2022
Exports $1.43MWorld Rnk 19 / 125
Flag Rnk 1001 / 1210
2022
Destination $142k United States
2021 - 2022
FASTEST GROWING MARKET $142kUnited States
2022
Imports $15.9MWorld Rnk 9 / 197
Flag Rnk 896 / 1213
2022
Origin $1.38M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.38MSwitzerland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.43M in Balances, making it the 19th largest exporter of Balances in the world. At the same year, Balances was the 1001st most exported product in Canada. The main destination of Balances exports from Canada are: United States ($788k), Netherlands ($219k), Australia ($86.6k), Germany ($83.9k), and Mexico ($53.3k).

The fastest growing export markets for Balances of Canada between 2021 and 2022 were United States ($142k), Netherlands ($129k), and Germany ($77k).

Imports In 2022, Canada imported $15.9M in Balances, becoming the 9th largest importer of Balances in the world. At the same year, Balances was the 896th most imported product in Canada. Canada imports Balances primarily from: United States ($7.35M), Switzerland ($4.93M), China ($1.91M), South Korea ($567k), and Germany ($495k).

The fastest growing import markets in Balances for Canada between 2021 and 2022 were Switzerland ($1.38M), Poland ($244k), and United States ($111k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Balances exports accounted up to C$4.65k and imports accounted up to C$1.78M, resulting in a negative trade balance of C$1.78M. Between July 2023 and August 2024 the exports of Canada's   Balances have decreased by C$-144k (-96.9%) from C$149k to C$4.65k, while imports increased by C$271k (17.9%) from C$1.51M to C$1.78M.

Destinations In August 2024, Balances were exported mostly to United States (C$4.16k) and Australia (C$484), and were imported mostly from Switzerland (C$669k), China (C$473k), Germany (C$365k), South Korea (C$135k), and Poland (C$56.6k).

Growth In August 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to United States (C$-925 or -7.33%) and Australia (C$-820 or -80.8%). In August 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from South Korea (C$91.3k or 119%), Switzerland (C$61.9k or 8.86%), and Canada (C$11.7k or 17.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)C$-144k(-96.9%)
IMPORT GROWTH (August 2023 - August 2024)C$271k(17.9%)
MAIN EXPORTER (August 2024)QuebecC$140k
MAIN DESTINATION (August 2024)United StatesC$4.16k

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.43M
IMPORTS (2022)$15.9M
NET TRADE (2022)-$14.4M

In 2022, Canada exported $1.43M in Balances. The main destinations of Canada exports on Balances were United States ($788k), Netherlands ($219k), Australia ($86.6k), Germany ($83.9k), and Mexico ($53.3k).

In 2022, Canada imported $15.9M in Balances, mainly from United States ($7.35M), Switzerland ($4.93M), China ($1.91M), South Korea ($567k), and Germany ($495k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$142k (22%)
Netherlands$129k (143%)
Germany$77k (1.11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Canada WERE (2021 - 2022):
Russia-$581k (-99%)
Indonesia-$37.6k (-97.2%)
Japan-$27.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, Canada's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $430k
TOP IMPORT POTENTIALChina+ $516k

Balances’s highest export potential is United States. With an export gap of $430k.   Balances’s highest import potential is China with an import gap of $516k.

See methodology.

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