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2023
Exports $56MWorld Rnk 15 / 185
Flag Rnk 474 / 1212
2023
Destination $6.55M United States
2022 - 2023
FASTEST GROWING MARKET $6.55MUnited States
2023
PRODUCT COMPLEXITY IN Cutting Blades1.39Rnk 64 / 1025
2023
Imports $151MWorld Rnk 6 / 221
Flag Rnk 466 / 1211
2023
Origin $3.5M United States
2022 - 2023
FASTEST GROWING ORIGIN $3.5MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $56M in Cutting Blades, making it the 15th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 474th most exported product in Canada. The main destination of Cutting Blades exports from Canada are: United States ($39.4M), Mexico ($2.55M), Germany ($2.1M), Australia ($1.95M), and United Kingdom ($1.38M).

The fastest growing export markets for Cutting Blades of Canada between 2022 and 2023 were United States ($6.55M), Mexico ($1.19M), and Australia ($558k).

Imports In 2023, Canada imported $151M in Cutting Blades, becoming the 6th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 466th most imported product in Canada. Canada imports Cutting Blades primarily from: United States ($88M), Germany ($10.8M), China ($10.3M), Austria ($8.7M), and Italy ($6.83M).

The fastest growing import markets in Cutting Blades for Canada between 2022 and 2023 were United States ($3.5M), Italy ($2.48M), and Germany ($1.54M).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Cutting Blades exports accounted up to C$3.63M and imports accounted up to C$14.8M, resulting in a negative trade balance of C$11.2M. Between December 2023 and December 2024 the exports of Canada's   Cutting Blades have decreased by C$-1.83M (-33.6%) from C$5.46M to C$3.63M, while imports decreased by C$-2.13M (-12.6%) from C$16.9M to C$14.8M.

Destinations In December 2024, Cutting Blades were exported mostly to United States (C$2.89M), Germany (C$225k), Mexico (C$112k), Czechia (C$57.7k), and China (C$51.4k), and were imported mostly from United States (C$7.06M), Austria (C$1.56M), Germany (C$1.45M), Italy (C$982k), and China (C$746k).

Growth In December 2024, the decrease in Cutting Blades's year-by-year exports was explained primarily by a decrease in exports to Germany (C$-95.2k or -51.2%), Guatemala (C$-66.1k or -90.9%), and Czechia (C$-11.1k or -33.9%). In December 2024, the decrease in Cutting Blades's year-by-year imports was explained primarily by a decrease in imports from Denmark (C$-558k or -93.7%), Spain (C$-259k or -77.4%), and Italy (C$-121k or -17.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-1.83M(-33.6%)
IMPORT GROWTH (December 2023 - December 2024)C$-2.13M(-12.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$2.89M

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$56M
IMPORTS (2023)$151M
NET TRADE (2023)-$94.6M

In 2023, Canada exported $56M in Cutting Blades. The main destinations of Canada exports on Cutting Blades were United States ($39.4M), Mexico ($2.55M), Germany ($2.1M), Australia ($1.95M), and United Kingdom ($1.38M).

In 2023, Canada imported $151M in Cutting Blades, mainly from United States ($88M), Germany ($10.8M), China ($10.3M), Austria ($8.7M), and Italy ($6.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$6.55M (19.9%)
Mexico$1.19M (87.3%)
Australia$558k (40%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY Canada WERE (2022 - 2023):
Kenya-$369k (-99.4%)
Chile-$298k (-58.2%)
Netherlands-$298k (-18.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Cutting Blades were:
Germany $692M
China $679M
United States $364M
In 2023, Canada's main importing competitors in Cutting Blades were:
United States $498M
Germany $298M
China $206M

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.8M
TOP IMPORT POTENTIALChina+ $4.71M

Cutting Blades’s highest export potential is United States. With an export gap of $10.8M.   Cutting Blades’s highest import potential is China with an import gap of $4.71M.

See methodology.

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