2023
Exports
$437MWorld Rnk 20 / 213
Flag Rnk 183 / 1212
2023
PRODUCT COMPLEXITY IN Electrical Lighting and Signalling Equipment
0.95Rnk 194 / 1025
2023
Imports
$1.39BWorld Rnk 5 / 221
Flag Rnk 81 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $437M in Electrical Lighting and Signalling Equipment, making it the 20th largest exporter of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 183rd most exported product in Canada. The main destination of Electrical Lighting and Signalling Equipment exports from Canada are: United States ($322M), Mexico ($99.6M), China ($2.71M), Italy ($1.72M), and Australia ($1.07M).

The fastest growing export markets for Electrical Lighting and Signalling Equipment of Canada between 2022 and 2023 were United States ($39.2M), Mexico ($12.7M), and Australia ($345k).

Imports In 2023, Canada imported $1.39B in Electrical Lighting and Signalling Equipment, becoming the 5th largest importer of Electrical Lighting and Signalling Equipment in the world. At the same year, Electrical Lighting and Signalling Equipment was the 81st most imported product in Canada. Canada imports Electrical Lighting and Signalling Equipment primarily from: United States ($900M), Mexico ($192M), China ($86.4M), Japan ($81.6M), and Chinese Taipei ($58.8M).

The fastest growing import markets in Electrical Lighting and Signalling Equipment for Canada between 2022 and 2023 were United States ($195M), Mexico ($28.7M), and Serbia ($1.45M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-10.4M(-27.5%)
IMPORT GROWTH (December 2023 - December 2024)C$-19.1M(-14.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$23.2M

This section shows Electrical Lighting and Signalling Equipment'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 Electrical Lighting and Signalling Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$437M
IMPORTS (2023)$1.39B
NET TRADE (2023)-$951M

In 2023, Canada exported $437M in Electrical Lighting and Signalling Equipment. The main destinations of Canada exports on Electrical Lighting and Signalling Equipment were United States ($322M), Mexico ($99.6M), China ($2.71M), Italy ($1.72M), and Australia ($1.07M).

In 2023, Canada imported $1.39B in Electrical Lighting and Signalling Equipment, mainly from United States ($900M), Mexico ($192M), China ($86.4M), Japan ($81.6M), and Chinese Taipei ($58.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Lighting and Signalling Equipment EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$39.2M (13.8%)
Mexico$12.7M (14.7%)
Australia$345k (47.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Lighting and Signalling Equipment BY Canada WERE (2022 - 2023):
Vietnam-$909k (-69.5%)
China-$795k (-22.6%)
South Korea-$690k (-97%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Electrical Lighting and Signalling Equipment were:
China $4.94B
In 2023, Canada's main importing competitors in Electrical Lighting and Signalling Equipment were:

Explore Visualizations

Trade Value of Electrical Lighting and Signalling Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $115M
TOP IMPORT POTENTIALChina+ $42.9M

Electrical Lighting and Signalling Equipment’s highest export potential is United States. With an export gap of $115M.   Electrical Lighting and Signalling Equipment’s highest import potential is China with an import gap of $42.9M.

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