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Pricing

2022
Exports $25.7MWorld Rnk 28 / 213
Flag Rnk 635 / 1210
2022
Destination $3.89M United States
2021 - 2022
FASTEST GROWING MARKET $3.89MUnited States
2022
PRODUCT COMPLEXITY IN Gaskets1.44Rnk 64 / 1025
2022
Imports $180MWorld Rnk 5 / 220
Flag Rnk 432 / 1213
2022
Origin $24.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $24.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $25.7M in Gaskets, making it the 28th largest exporter of Gaskets in the world. At the same year, Gaskets was the 635th most exported product in Canada. The main destination of Gaskets exports from Canada are: United States ($14.4M), Mexico ($1.46M), Canada ($1.02M), Thailand ($930k), and Hong Kong ($888k).

The fastest growing export markets for Gaskets of Canada between 2021 and 2022 were United States ($3.89M), Hong Kong ($846k), and Thailand ($635k).

Imports In 2022, Canada imported $180M in Gaskets, becoming the 5th largest importer of Gaskets in the world. At the same year, Gaskets was the 432nd most imported product in Canada. Canada imports Gaskets primarily from: United States ($131M), China ($11.4M), Germany ($6.34M), United Kingdom ($4.65M), and Japan ($4.5M).

The fastest growing import markets in Gaskets for Canada between 2021 and 2022 were United States ($24.1M), Japan ($3.18M), and China ($2.61M).

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

October 2024

About

Overview In October 2024 Canada's Gaskets exports accounted up to C$4.05M and imports accounted up to C$31.3M, resulting in a negative trade balance of C$27.2M. Between October 2023 and October 2024 the exports of Canada's   Gaskets have increased by C$781k (23.9%) from C$3.27M to C$4.05M, while imports decreased by C$-2.12M (-6.35%) from C$33.4M to C$31.3M.

Destinations In October 2024, Gaskets were exported mostly to United States (C$2.52M), United Kingdom (C$465k), Australia (C$276k), Poland (C$140k), and Chile (C$131k), and were imported mostly from United States (C$19.8M), Germany (C$1.78M), Mexico (C$1.43M), China (C$1.33M), and Sweden (C$1.09M).

Growth In October 2024, the increase in Gaskets's year-by-year exports was explained primarily by an increase in exports to United States (C$668k or 58.4%), Australia (C$124k or 361%), and United Kingdom (C$76.4k or 276%). In October 2024, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from New Zealand (C$-527k or -98.1%), Sweden (C$-52k or -6.8%), and Japan (C$-44.1k or -3.87%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$781k(23.9%)
IMPORT GROWTH (October 2023 - October 2024)C$-2.12M(-6.35%)
MAIN EXPORTER (October 2024)OntarioC$3.6M
MAIN DESTINATION (October 2024)United StatesC$2.52M

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 (2022)$25.7M
IMPORTS (2022)$180M
NET TRADE (2022)-$155M

In 2022, Canada exported $25.7M in Gaskets. The main destinations of Canada exports on Gaskets were United States ($14.4M), Mexico ($1.46M), Canada ($1.02M), Thailand ($930k), and Hong Kong ($888k).

In 2022, Canada imported $180M in Gaskets, mainly from United States ($131M), China ($11.4M), Germany ($6.34M), United Kingdom ($4.65M), and Japan ($4.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$3.89M (37.1%)
Hong Kong$846k (2.01k%)
Thailand$635k (216%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Canada WERE (2021 - 2022):
Mexico-$562k (-27.8%)
Greenland-$317k (-98.1%)
Saudi Arabia-$192k (-69.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Gaskets were:
Germany $824M
United States $757M
China $527M
In 2022, Canada's main importing competitors in Gaskets were:
United States $579M
China $299M
Germany $282M

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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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