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2022
Exports $1.7BWorld Rnk 14 / 223
Flag Rnk 55 / 1210
2022
Destination $109M United States
2021 - 2022
FASTEST GROWING MARKET $109MUnited States
2022
PRODUCT COMPLEXITY IN Centrifuges1.1Rnk 136 / 1025
2022
Imports $3.52BWorld Rnk 5 / 226
Flag Rnk 26 / 1213
2022
Origin $169M United States
2021 - 2022
FASTEST GROWING ORIGIN $169MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.7B in Centrifuges, making it the 14th largest exporter of Centrifuges in the world. At the same year, Centrifuges was the 55th most exported product in Canada. The main destination of Centrifuges exports from Canada are: United States ($1.41B), China ($37.1M), Germany ($35.2M), Canada ($16.9M), and Israel ($15.4M).

The fastest growing export markets for Centrifuges of Canada between 2021 and 2022 were United States ($109M), Israel ($14M), and China ($6.47M).

Imports In 2022, Canada imported $3.52B in Centrifuges, becoming the 5th largest importer of Centrifuges in the world. At the same year, Centrifuges was the 26th most imported product in Canada. Canada imports Centrifuges primarily from: United States ($2.45B), China ($420M), Mexico ($188M), Germany ($101M), and Japan ($33.9M).

The fastest growing import markets in Centrifuges for Canada between 2021 and 2022 were China ($169M), United States ($127M), and Mexico ($118M).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (1) were at the forefront of shipping Centrifuges from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Centrifuges exports accounted up to C$180M and imports accounted up to C$357M, resulting in a negative trade balance of C$177M. Between September 2023 and September 2024 the exports of Canada's   Centrifuges have increased by C$25.6M (16.5%) from C$154M to C$180M, while imports decreased by C$-43M (-10.8%) from C$400M to C$357M.

Destinations In September 2024, Centrifuges were exported mostly to United States (C$163M), China (C$2.9M), France (C$1.46M), Germany (C$1.43M), and Panama (C$997k), and were imported mostly from United States (C$210M), China (C$32.9M), Mexico (C$28.7M), Germany (C$18.9M), and Switzerland (C$8.07M).

Growth In September 2024, the increase in Centrifuges's year-by-year exports was explained primarily by an increase in exports to United States (C$20.5M or 16.9%), China (C$2.94M or 129%), and Argentina (C$2.49M or 493%). In September 2024, the decrease in Centrifuges's year-by-year imports was explained primarily by a decrease in imports from China (C$-8.39M or -24.7%), Malaysia (C$-2.37M or -77.6%), and Hungary (C$-1.47M or -44.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$25.6M(16.5%)
IMPORT GROWTH (September 2023 - September 2024)C$-43M(-10.8%)
MAIN EXPORTER (September 2024)OntarioC$141M
MAIN DESTINATION (September 2024)United StatesC$163M

This section shows Centrifuges'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 Centrifuges over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.7B
IMPORTS (2022)$3.52B
NET TRADE (2022)-$1.82B

In 2022, Canada exported $1.7B in Centrifuges. The main destinations of Canada exports on Centrifuges were United States ($1.41B), China ($37.1M), Germany ($35.2M), Canada ($16.9M), and Israel ($15.4M).

In 2022, Canada imported $3.52B in Centrifuges, mainly from United States ($2.45B), China ($420M), Mexico ($188M), Germany ($101M), and Japan ($33.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Centrifuges EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$109M (8.4%)
Israel$14M (945%)
China$6.47M (21.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Centrifuges BY Canada WERE (2021 - 2022):
Argentina-$31M (-95.1%)
Ireland-$13.2M (-85%)
India-$3.31M (-46%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Centrifuges were:
Germany $15.5B
United States $12.8B
China $12.6B
In 2022, Canada's main importing competitors in Centrifuges were:
United States $13.6B
Germany $7.14B
China $4.85B

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Trade Value of Centrifuges by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $322M
TOP IMPORT POTENTIALUnited States+ $141M

Centrifuges’s highest export potential is United States. With an export gap of $322M.   Centrifuges’s highest import potential is United States with an import gap of $141M.

See methodology.

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