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2022
Exports $4.85MWorld Rnk 34 / 160
Flag Rnk 870 / 1210
2022
Destination $150k United States
2021 - 2022
FASTEST GROWING MARKET $150kNorway
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories1.56Rnk 40 / 1025
2022
Imports $25.5MWorld Rnk 33 / 202
Flag Rnk 828 / 1213
2022
Origin $1.59M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.59MFrance
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $4.85M in Knitting Machine Accessories, making it the 34th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 870th most exported product in Canada. The main destination of Knitting Machine Accessories exports from Canada are: United States ($3.47M), United Arab Emirates ($331k), Australia ($160k), Norway ($155k), and Canada ($78.7k).

The fastest growing export markets for Knitting Machine Accessories of Canada between 2021 and 2022 were Norway ($150k), Australia ($148k), and United States ($106k).

Imports In 2022, Canada imported $25.5M in Knitting Machine Accessories, becoming the 33rd largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 828th most imported product in Canada. Canada imports Knitting Machine Accessories primarily from: United States ($8.79M), Germany ($4.49M), France ($3.69M), Italy ($1.77M), and China ($1.7M).

The fastest growing import markets in Knitting Machine Accessories for Canada between 2021 and 2022 were France ($1.59M), China ($716k), and Italy ($513k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (3) and Norwegian Cruise Line (2) were at the forefront of shipping Knitting Machine Accessories from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Knitting Machine Accessories exports accounted up to C$431k and imports accounted up to C$2.54M, resulting in a negative trade balance of C$2.11M. Between June 2023 and June 2024 the exports of Canada's   Knitting Machine Accessories have increased by C$225k (109%) from C$207k to C$431k, while imports decreased by C$-1.89M (-42.7%) from C$4.43M to C$2.54M.

Destinations In June 2024, Knitting Machine Accessories were exported mostly to United Arab Emirates (C$260k), United States (C$130k), Australia (C$21.3k), United Kingdom (C$13.4k), and Norway (C$4.45k), and were imported mostly from Germany (C$653k), United States (C$540k), Italy (C$521k), Japan (C$294k), and United Kingdom (C$140k).

Growth In June 2024, the increase in Knitting Machine Accessories's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Knitting Machine Accessories's year-by-year imports was explained primarily by a decrease in imports from France (C$-1.51M or -99.2%), China (C$-218k or -94.3%), and Czechia (C$-63.9k or -76%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$225k(109%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.89M(-42.7%)
MAIN EXPORTER (June 2024)OntarioC$439k
MAIN DESTINATION (June 2024)United Arab EmiratesC$260k

This section shows Knitting Machine Accessories'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 Knitting Machine Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.85M
IMPORTS (2022)$25.5M
NET TRADE (2022)-$20.6M

In 2022, Canada exported $4.85M in Knitting Machine Accessories. The main destinations of Canada exports on Knitting Machine Accessories were United States ($3.47M), United Arab Emirates ($331k), Australia ($160k), Norway ($155k), and Canada ($78.7k).

In 2022, Canada imported $25.5M in Knitting Machine Accessories, mainly from United States ($8.79M), Germany ($4.49M), France ($3.69M), Italy ($1.77M), and China ($1.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Norway$150k (3.45k%)
Australia$148k (1.16k%)
United States$106k (3.14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Canada WERE (2021 - 2022):
United Arab Emirates-$402k (-54.9%)
France-$338k (-98.9%)
Tajikistan-$150k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Knitting Machine Accessories were:
China $956M
Germany $952M
Italy $391M
In 2022, Canada's main importing competitors in Knitting Machine Accessories were:
China $856M
India $548M
Germany $490M

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.93M
N/AN/AN/A

Knitting Machine Accessories’s highest export potential is United States. With an export gap of $1.93M.   Knitting Machine Accessories’s highest import potential is N/A with an import gap of N/A.

See methodology.

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