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2022
Exports $1.14MWorld Rnk 29 / 161
Flag Rnk 1025 / 1210
2022
Destination $352k Indonesia
2021 - 2022
FASTEST GROWING MARKET $352kIndonesia
2022
Imports $9.56MWorld Rnk 8 / 207
Flag Rnk 972 / 1213
2022
Origin $435k United States
2021 - 2022
FASTEST GROWING ORIGIN $435kUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.14M in Iron Sewing Needles, making it the 29th largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 1025th most exported product in Canada. The main destination of Iron Sewing Needles exports from Canada are: Indonesia ($358k), United States ($286k), Mexico ($167k), Canada ($48.4k), and United Kingdom ($34.6k).

The fastest growing export markets for Iron Sewing Needles of Canada between 2021 and 2022 were Indonesia ($352k), United Kingdom ($29.2k), and Bermuda ($21.9k).

Imports In 2022, Canada imported $9.56M in Iron Sewing Needles, becoming the 8th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 972nd most imported product in Canada. Canada imports Iron Sewing Needles primarily from: United States ($4.46M), China ($3.64M), India ($402k), Japan ($172k), and Italy ($163k).

The fastest growing import markets in Iron Sewing Needles for Canada between 2021 and 2022 were United States ($435k), China ($195k), and Italy ($85.8k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Iron Sewing Needles exports accounted up to C$29.4k and imports accounted up to C$1.66M, resulting in a negative trade balance of C$1.63M. Between June 2023 and June 2024 the exports of Canada's   Iron Sewing Needles have decreased by C$-18.2k (-38.3%) from C$47.6k to C$29.4k, while imports increased by C$404k (32.3%) from C$1.25M to C$1.66M.

Destinations In June 2024, Iron Sewing Needles were exported mostly to United States (C$27.2k), United Kingdom (C$1.74k), and Mexico (C$407), and were imported mostly from United States (C$490k), Japan (C$443k), China (C$429k), Chinese Taipei (C$160k), and India (C$25.2k).

Growth In June 2024, the decrease in Iron Sewing Needles's year-by-year exports was explained primarily by a decrease in exports to Mexico (C$-841 or -6.76%). In June 2024, the increase in Iron Sewing Needles's year-by-year imports was explained primarily by an increase in imports from United States (C$156k or 37.9%), Italy (C$41.5k or 1.08k%), and Chinese Taipei (C$36.2k or 93.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-18.2k(-38.3%)
IMPORT GROWTH (June 2023 - June 2024)C$404k(32.3%)
MAIN EXPORTER (June 2024)OntarioC$95.3k
MAIN DESTINATION (June 2024)United StatesC$27.2k

This section shows Iron Sewing Needles'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 Iron Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.14M
IMPORTS (2022)$9.56M
NET TRADE (2022)-$8.42M

In 2022, Canada exported $1.14M in Iron Sewing Needles. The main destinations of Canada exports on Iron Sewing Needles were Indonesia ($358k), United States ($286k), Mexico ($167k), Canada ($48.4k), and United Kingdom ($34.6k).

In 2022, Canada imported $9.56M in Iron Sewing Needles, mainly from United States ($4.46M), China ($3.64M), India ($402k), Japan ($172k), and Italy ($163k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Indonesia$352k (5.18k%)
United Kingdom$29.2k (545%)
Bermuda$21.9k (35.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY Canada WERE (2021 - 2022):
India-$192k (-87.6%)
United States-$120k (-29.5%)
Saudi Arabia-$41.7k (-85.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Iron Sewing Needles were:
China $164M
Japan $21.4M
United States $19.9M
In 2022, Canada's main importing competitors in Iron Sewing Needles were:
United States $49.2M
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $269k
TOP IMPORT POTENTIALChina+ $299k

Iron Sewing Needles’s highest export potential is United States. With an export gap of $269k.   Iron Sewing Needles’s highest import potential is China with an import gap of $299k.

See methodology.

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