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2023
Exports $7.36MWorld Rnk 26 / 196
Flag Rnk 781 / 1212
2023
Destination $598k United States
2022 - 2023
FASTEST GROWING MARKET $598kIndia
2023
PRODUCT COMPLEXITY IN Drafting Tools1.84Rnk 11 / 1025
2023
Imports $92.8MWorld Rnk 4 / 222
Flag Rnk 571 / 1211
2023
Origin $3.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $3.8MVietnam
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $7.36M in Drafting Tools, making it the 26th largest exporter of Drafting Tools in the world. At the same year, Drafting Tools was the 781st most exported product in Canada. The main destination of Drafting Tools exports from Canada are: United States ($3.9M), India ($606k), Germany ($398k), Australia ($204k), and Argentina ($194k).

The fastest growing export markets for Drafting Tools of Canada between 2022 and 2023 were India ($598k), United States ($598k), and Uzbekistan ($154k).

Imports In 2023, Canada imported $92.8M in Drafting Tools, becoming the 4th largest importer of Drafting Tools in the world. At the same year, Drafting Tools was the 571st most imported product in Canada. Canada imports Drafting Tools primarily from: United States ($42.5M), China ($22.9M), Vietnam ($7.49M), Thailand ($7.29M), and Japan ($4.71M).

The fastest growing import markets in Drafting Tools for Canada between 2022 and 2023 were Vietnam ($3.8M), United States ($2.23M), and Japan ($266k).

COMPANIES In 2024, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Drafting Tools from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Drafting Tools exports accounted up to C$393k and imports accounted up to C$6.95M, resulting in a negative trade balance of C$6.56M. Between December 2023 and December 2024 the exports of Canada's   Drafting Tools have decreased by C$-35.1k (-8.2%) from C$428k to C$393k, while imports decreased by C$-1.13M (-13.9%) from C$8.08M to C$6.95M.

Destinations In December 2024, Drafting Tools were exported mostly to United States (C$293k), Spain (C$22k), Germany (C$18.8k), Saudi Arabia (C$17.3k), and Colombia (C$10k), and were imported mostly from China (C$2.38M), United States (C$2.36M), Vietnam (C$949k), Japan (C$357k), and Thailand (C$166k).

Growth In December 2024, the decrease in Drafting Tools's year-by-year exports was explained primarily by a decrease in exports to United States (C$-20k or -7.26%), Spain (C$-3.23k or -86.6%), and Germany (C$-1.31k or -33.6%). In December 2024, the decrease in Drafting Tools's year-by-year imports was explained primarily by a decrease in imports from United States (C$-5.56M or -69.4%), Thailand (C$-465k or -43%), and China (C$-446k or -17.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-35.1k(-8.2%)
IMPORT GROWTH (December 2023 - December 2024)C$-1.13M(-13.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$293k

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 (2023)$7.36M
IMPORTS (2023)$92.8M
NET TRADE (2023)-$85.4M

In 2023, Canada exported $7.36M in Drafting Tools. The main destinations of Canada exports on Drafting Tools were United States ($3.9M), India ($606k), Germany ($398k), Australia ($204k), and Argentina ($194k).

In 2023, Canada imported $92.8M in Drafting Tools, mainly from United States ($42.5M), China ($22.9M), Vietnam ($7.49M), Thailand ($7.29M), and Japan ($4.71M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Drafting Tools EXPORT MARKETS FOR Canada WERE (2022 - 2023):
India$598k (7.25k%)
United States$598k (18.1%)
Uzbekistan$154k (1.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drafting Tools BY Canada WERE (2022 - 2023):
Germany-$419k (-51.3%)
United Kingdom-$171k (-49.5%)
Chinese Taipei-$135k (-97.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Drafting Tools were:
China $996M
Japan $298M
Germany $203M
In 2023, Canada's main importing competitors in Drafting Tools were:
United States $367M
Germany $181M
France $93.1M

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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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