2023
Exports
$1.02BWorld Rnk 33 / 223
Flag Rnk 88 / 1212
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$4.22BWorld Rnk 8 / 225
Flag Rnk 16 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.02B in Insulated Wire, making it the 33rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 88th most exported product in Canada. The main destination of Insulated Wire exports from Canada are: United States ($846M), Mexico ($60.5M), Germany ($12.5M), United Kingdom ($7.71M), and Netherlands ($6.7M).

The fastest growing export markets for Insulated Wire of Canada between 2022 and 2023 were United States ($115M), Brazil ($2.99M), and South Korea ($1.87M).

Imports In 2023, Canada imported $4.22B in Insulated Wire, becoming the 8th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 16th most imported product in Canada. Canada imports Insulated Wire primarily from: United States ($1.72B), Mexico ($866M), China ($550M), Vietnam ($249M), and Philippines ($227M).

The fastest growing import markets in Insulated Wire for Canada between 2022 and 2023 were Mexico ($169M), Sweden ($63.4M), and Vietnam ($39.7M).

COMPANIES In 2024, leading companies such as Stihl (1) were at the forefront of shipping Insulated Wire from Canada to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-7.22M(-8.26%)
IMPORT GROWTH (December 2023 - December 2024)C$-7.71M(-1.94%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$71.4M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.02B
IMPORTS (2023)$4.22B
NET TRADE (2023)-$3.19B

In 2023, Canada exported $1.02B in Insulated Wire. The main destinations of Canada exports on Insulated Wire were United States ($846M), Mexico ($60.5M), Germany ($12.5M), United Kingdom ($7.71M), and Netherlands ($6.7M).

In 2023, Canada imported $4.22B in Insulated Wire, mainly from United States ($1.72B), Mexico ($866M), China ($550M), Vietnam ($249M), and Philippines ($227M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$115M (15.7%)
Brazil$2.99M (168%)
South Korea$1.87M (76.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Canada WERE (2022 - 2023):
China-$6.39M (-48.9%)
Mexico-$2.68M (-4.24%)
Algeria-$1.83M (-91.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $412M
TOP IMPORT POTENTIALChina+ $210M

Insulated Wire’s highest export potential is United States. With an export gap of $412M.   Insulated Wire’s highest import potential is China with an import gap of $210M.

See methodology.

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