Gaskets in Canada | The Observatory of Economic Complexity

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

February 2024

About

Overview In February 2024 Canada's Gaskets exports accounted up to C$3.94M and imports accounted up to C$33.9M, resulting in a negative trade balance of C$29.9M. Between February 2023 and February 2024 the exports of Canada's Gaskets have increased by C$578k (17.2%) from C$3.36M to C$3.94M, while imports decreased by C$-489k (-1.42%) from C$34.4M to C$33.9M.

Destinations In February 2024, Gaskets were exported mostly to United States (C$2.09M), Denmark (C$755k), Malaysia (C$194k), Saudi Arabia (C$132k), and Netherlands (C$125k), and were imported mostly from United States (C$21.7M), Germany (C$2.2M), China (C$2.04M), United Kingdom (C$1.17M), and Mexico (C$1.04M).

Growth In February 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$76.4k or 276%). In February 2024, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from New Zealand (C$-527k or -98.1%), Sweden (C$-52k or -6.8%), and Japan (C$-44.1k or -3.87%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$578k(17.2%)

IMPORT GROWTH (February 2023 - February 2024)C$-489k(-1.42%)

MAIN EXPORTER (February 2024)OntarioC$2.71M

MAIN DESTINATION (February 2024)United StatesC$2.09M

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

Trade Value

Growth

Growth (%)

Year

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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