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Pricing

2022
Exports $8.25MWorld Rnk 27 / 197
Flag Rnk 803 / 1210
2022
Destination $219k United States
2021 - 2022
FASTEST GROWING MARKET $219kGermany
2022
PRODUCT COMPLEXITY IN Drafting Tools1.71Rnk 23 / 1025
2022
Imports $100MWorld Rnk 3 / 220
Flag Rnk 566 / 1213
2022
Origin $8.39M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.39MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $8.25M in Drafting Tools, making it the 27th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 803rd most exported product in Canada. The main destination of Drafting Tools exports from Canada are: United States ($4.66M), Germany ($552k), Canada ($372k), United Kingdom ($292k), and Saudi Arabia ($253k).

The fastest growing export markets for Drafting Tools of Canada between 2021 and 2022 were Germany ($219k), Barbados ($161k), and Chile ($95.5k).

Imports In 2022, Canada imported $100M in Drafting Tools, becoming the 3rd largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 566th most imported product in Canada. Canada imports Drafting Tools primarily from: United States ($54.3M), China ($27.4M), Thailand ($6.37M), Japan ($2.9M), and Vietnam ($1.97M).

The fastest growing import markets in Drafting Tools for Canada between 2021 and 2022 were United States ($8.39M), China ($5.44M), and Thailand ($386k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Drafting Tools from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Drafting Tools exports accounted up to C$551k and imports accounted up to C$9M, resulting in a negative trade balance of C$8.45M. Between September 2023 and September 2024 the exports of Canada's   Drafting Tools have increased by C$123k (28.6%) from C$429k to C$551k, while imports decreased by C$-638k (-6.62%) from C$9.64M to C$9M.

Destinations In September 2024, Drafting Tools were exported mostly to United States (C$432k), India (C$17.8k), Germany (C$17.4k), New Zealand (C$15.3k), and Saudi Arabia (C$12.2k), and were imported mostly from China (C$2.67M), United States (C$2.31M), Vietnam (C$1.23M), Thailand (C$782k), and Japan (C$560k).

Growth In September 2024, the increase in Drafting Tools's year-by-year exports was explained primarily by an increase in exports to United States (C$43.4k or 18.7%), Australia (C$5.93k or 2.44k%), and United Arab Emirates (C$2.82k or 125%). In September 2024, the decrease in Drafting Tools's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-99.6k or -95.4%), France (C$-92.5k or -82.9%), and Israel (C$-36.4k or -90.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$123k(28.6%)
IMPORT GROWTH (September 2023 - September 2024)C$-638k(-6.62%)
MAIN EXPORTER (September 2024)OntarioC$428k
MAIN DESTINATION (September 2024)United StatesC$432k

This section shows Drafting Tools'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 Drafting Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.25M
IMPORTS (2022)$100M
NET TRADE (2022)-$91.8M

In 2022, Canada exported $8.25M in Drafting Tools. The main destinations of Canada exports on Drafting Tools were United States ($4.66M), Germany ($552k), Canada ($372k), United Kingdom ($292k), and Saudi Arabia ($253k).

In 2022, Canada imported $100M in Drafting Tools, mainly from United States ($54.3M), China ($27.4M), Thailand ($6.37M), Japan ($2.9M), and Vietnam ($1.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Germany$219k (65.7%)
Barbados$161k (3.6k%)
Chile$95.5k (683%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Canada WERE (2021 - 2022):
United States-$1.91M (-29.1%)
China-$207k (-61.1%)
Mexico-$173k (-57.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Drafting Tools were:
China $1.11B
United States $260M
Germany $221M
In 2022, Canada's main importing competitors in Drafting Tools were:
United States $382M
Germany $193M

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Trade Value of Drafting Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.84M
TOP IMPORT POTENTIALChina+ $2.75M

Drafting Tools’s highest export potential is United States. With an export gap of $2.84M.   Drafting Tools’s highest import potential is China with an import gap of $2.75M.

See methodology.

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