2022
Exports
$210MWorld Rnk 11 / 179
Flag Rnk 269 / 1210
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$273MWorld Rnk 5 / 211
Flag Rnk 351 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $210M in Compasses, making it the 11th largest exporter of Compasses in the world. At the same year, Compasses was the 269th most exported product in Canada. The main destination of Compasses exports from Canada are: United States ($133M), United Kingdom ($10.8M), France ($8.11M), Netherlands ($7.22M), and Germany ($5.35M).

The fastest growing export markets for Compasses of Canada between 2021 and 2022 were United Kingdom ($6.19M), Netherlands ($6.09M), and United States ($4.64M).

Imports In 2022, Canada imported $273M in Compasses, becoming the 5th largest importer of Compasses in the world. At the same year, Compasses was the 351st most imported product in Canada. Canada imports Compasses primarily from: United States ($156M), France ($21.7M), Germany ($17.3M), United Kingdom ($16.2M), and Chinese Taipei ($12.7M).

The fastest growing import markets in Compasses for Canada between 2021 and 2022 were United Kingdom ($5.66M), Netherlands ($1.87M), and Chinese Taipei ($1.58M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$3.92M(22.5%)
IMPORT GROWTH (August 2023 - August 2024)C$-6.26M(-10.7%)
MAIN EXPORTER (August 2024)QuebecC$14.5M
MAIN DESTINATION (August 2024)United StatesC$15.6M

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$210M
IMPORTS (2022)$273M
NET TRADE (2022)-$63.2M

In 2022, Canada exported $210M in Compasses. The main destinations of Canada exports on Compasses were United States ($133M), United Kingdom ($10.8M), France ($8.11M), Netherlands ($7.22M), and Germany ($5.35M).

In 2022, Canada imported $273M in Compasses, mainly from United States ($156M), France ($21.7M), Germany ($17.3M), United Kingdom ($16.2M), and Chinese Taipei ($12.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Kingdom$6.19M (135%)
Netherlands$6.09M (536%)
United States$4.64M (3.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Canada WERE (2021 - 2022):
Japan-$6.95M (-76.4%)
Germany-$5.84M (-52.2%)
Switzerland-$2.67M (-62.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Compasses were:
In 2022, Canada's main importing competitors in Compasses were:

Explore Visualizations

Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.4M
TOP IMPORT POTENTIALUnited States+ $11.4M

Compasses’s highest export potential is United States. With an export gap of $36.4M.   Compasses’s highest import potential is United States with an import gap of $11.4M.

See methodology.

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