Interchangeable Tool Parts in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $448M in Interchangeable Tool Parts, making it the 9th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 181st most exported product in Canada. The main destination of Interchangeable Tool Parts exports from Canada are: United States ($321M), Mexico ($21.9M), Canada ($14.8M), Australia ($8.71M), and Kazakhstan ($6.63M).

The fastest growing export markets for Interchangeable Tool Parts of Canada between 2021 and 2022 were Kazakhstan ($5.02M), Canada ($2.16M), and Mexico ($2.13M).

Imports In 2022, Canada imported $980M in Interchangeable Tool Parts, becoming the 5th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 127th most imported product in Canada. Canada imports Interchangeable Tool Parts primarily from: United States ($488M), China ($234M), Japan ($57.7M), South Korea ($31.2M), and Sweden ($26.6M).

The fastest growing import markets in Interchangeable Tool Parts for Canada between 2021 and 2022 were United States ($90.4M), China ($13.7M), and Mexico ($5.7M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Interchangeable Tool Parts exports accounted up to C$33.4M and imports accounted up to C$89.7M, resulting in a negative trade balance of C$56.3M. Between February 2023 and February 2024 the exports of Canada's Interchangeable Tool Parts have decreased by C$-4.89M (-12.8%) from C$38.3M to C$33.4M, while imports decreased by C$-6.69M (-6.94%) from C$96.4M to C$89.7M.

Destinations In February 2024, Interchangeable Tool Parts were exported mostly to United States (C$26.2M), Mexico (C$1.68M), Australia (C$821k), Kazakhstan (C$501k), and Egypt (C$402k), and were imported mostly from United States (C$37.7M), China (C$20.5M), Germany (C$7.27M), Sweden (C$3.44M), and Italy (C$3.01M).

Growth In February 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to United States (C$-11.1M or -33.5%), Finland (C$-205k or -43.2%), and United Arab Emirates (C$-159k or -99.4%). In February 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from China (C$-3.14M or -12.1%), Japan (C$-1.24M or -25.7%), and France (C$-456k or -40.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-4.89M(-12.8%)

IMPORT GROWTH (February 2023 - February 2024)C$-6.69M(-6.94%)

MAIN EXPORTER (February 2024)OntarioC$25.5M

MAIN DESTINATION (February 2024)United StatesC$26.2M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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