2023
Exports
$22.2MWorld Rnk 31 / 205
Flag Rnk 620 / 1212
2023
PRODUCT COMPLEXITY IN Gaskets
1.46Rnk 51 / 1025
2023
Imports
$185MWorld Rnk 6 / 224
Flag Rnk 405 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $22.2M in Gaskets, making it the 31st largest exporter of Gaskets in the world. At the same year, Gaskets was the 620th most exported product in Canada. The main destination of Gaskets exports from Canada are: United States ($11.2M), Mexico ($2.17M), China ($956k), Germany ($521k), and Indonesia ($429k).

The fastest growing export markets for Gaskets of Canada between 2022 and 2023 were Mexico ($188k), Singapore ($186k), and Japan ($131k).

Imports In 2023, Canada imported $185M in Gaskets, becoming the 6th largest importer of Gaskets in the world. At the same year, Gaskets was the 405th most imported product in Canada. Canada imports Gaskets primarily from: United States ($123M), China ($12.6M), Germany ($8.35M), Japan ($6.91M), and Mexico ($6.05M).

The fastest growing import markets in Gaskets for Canada between 2022 and 2023 were United States ($12.2M), Mexico ($2.02M), and Germany ($755k).

COMPANIES In 2023, leading companies such as Schaeffler Group (1) were at the forefront of shipping Gaskets from Canada to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-1.57M(-34%)
IMPORT GROWTH (November 2023 - November 2024)C$1.82M(5.78%)
MAIN EXPORTER (November 2024)OntarioC$3.6M
MAIN DESTINATION (November 2024)United StatesC$1.75M

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$22.2M
IMPORTS (2023)$185M
NET TRADE (2023)-$162M

In 2023, Canada exported $22.2M in Gaskets. The main destinations of Canada exports on Gaskets were United States ($11.2M), Mexico ($2.17M), China ($956k), Germany ($521k), and Indonesia ($429k).

In 2023, Canada imported $185M in Gaskets, mainly from United States ($123M), China ($12.6M), Germany ($8.35M), Japan ($6.91M), and Mexico ($6.05M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Mexico$188k (9.52%)
Singapore$186k (128%)
Japan$131k (92.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Canada WERE (2022 - 2023):
United States-$932k (-7.71%)
Hong Kong-$822k (-92.6%)
Thailand-$410k (-51.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Gaskets were:
In 2023, Canada's main importing competitors in Gaskets were:

Explore Visualizations

Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.1M
TOP IMPORT POTENTIALChina+ $6.86M

Gaskets’s highest export potential is United States. With an export gap of $14.1M.   Gaskets’s highest import potential is China with an import gap of $6.86M.

See methodology.

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