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2022
Exports $2.85MWorld Rnk 33 / 194
Flag Rnk 937 / 1210
2022
Destination $52.6k United States
2021 - 2022
FASTEST GROWING MARKET $52.6kSwitzerland
2022
PRODUCT COMPLEXITY IN Cutlery Sets-0.066Rnk 570 / 1025
2022
Imports $76.8MWorld Rnk 11 / 218
Flag Rnk 621 / 1213
2022
Origin $3.6M China
2021 - 2022
FASTEST GROWING ORIGIN $3.6MVietnam
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.85M in Cutlery Sets, making it the 33rd largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 937th most exported product in Canada. The main destination of Cutlery Sets exports from Canada are: United States ($1.56M), Kenya ($148k), Iraq ($139k), Canada ($134k), and Belgium ($75k).

The fastest growing export markets for Cutlery Sets of Canada between 2021 and 2022 were Switzerland ($52.6k), Kenya ($46.5k), and Canada ($24.6k).

Imports In 2022, Canada imported $76.8M in Cutlery Sets, becoming the 11th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 621st most imported product in Canada. Canada imports Cutlery Sets primarily from: China ($40.2M), Vietnam ($19.5M), United States ($10.3M), India ($1.84M), and Portugal ($1.45M).

The fastest growing import markets in Cutlery Sets for Canada between 2021 and 2022 were Vietnam ($3.6M), Portugal ($745k), and India ($596k).

COMPANIES In 2023, leading companies such as Cosentino (1) were at the forefront of shipping Cutlery Sets from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Cutlery Sets exports accounted up to C$69.6k and imports accounted up to C$5.68M, resulting in a negative trade balance of C$5.61M. Between June 2023 and June 2024 the exports of Canada's   Cutlery Sets have increased by C$18.5k (36.2%) from C$51.1k to C$69.6k, while imports increased by C$372k (7.01%) from C$5.31M to C$5.68M.

Destinations In June 2024, Cutlery Sets were exported mostly to Iraq (C$39.7k), Kenya (C$24.1k), United Kingdom (C$2.65k), Mexico (C$2.24k), and France (C$613), and were imported mostly from China (C$3.73M), Vietnam (C$1.23M), United States (C$155k), Brazil (C$115k), and India (C$111k).

Growth In June 2024, the increase in Cutlery Sets's year-by-year exports was explained primarily by an increase in exports to Iraq (C$9.4k or 40.3%). In June 2024, the increase in Cutlery Sets's year-by-year imports was explained primarily by an increase in imports from China (C$1.81M or 61.4%), Portugal (C$99.2k or 430%), and India (C$48.5k or 40.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$18.5k(36.2%)
IMPORT GROWTH (June 2023 - June 2024)C$372k(7.01%)
MAIN EXPORTER (June 2024)OntarioC$87.4k
MAIN DESTINATION (June 2024)IraqC$39.7k

This section shows Cutlery Sets'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 Cutlery Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.85M
IMPORTS (2022)$76.8M
NET TRADE (2022)-$73.9M

In 2022, Canada exported $2.85M in Cutlery Sets. The main destinations of Canada exports on Cutlery Sets were United States ($1.56M), Kenya ($148k), Iraq ($139k), Canada ($134k), and Belgium ($75k).

In 2022, Canada imported $76.8M in Cutlery Sets, mainly from China ($40.2M), Vietnam ($19.5M), United States ($10.3M), India ($1.84M), and Portugal ($1.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Switzerland$52.6k (259%)
Kenya$46.5k (45.9%)
Canada$24.6k (22.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY Canada WERE (2021 - 2022):
United States-$862k (-35.6%)
Australia-$55.2k (-70.4%)
Germany-$27k (-49.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cutlery Sets were:
China $2.38B
Vietnam $288M
Germany $127M
In 2022, Canada's main importing competitors in Cutlery Sets were:
United States $688M
Germany $226M
Netherlands $128M

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.43M
TOP IMPORT POTENTIALChina+ $1.38M

Cutlery Sets’s highest export potential is United States. With an export gap of $1.43M.   Cutlery Sets’s highest import potential is China with an import gap of $1.38M.

See methodology.

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