2022
Exports
$2.74MWorld Rnk 23 / 120
Flag Rnk 941 / 1210
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$16.3MWorld Rnk 31 / 191
Flag Rnk 892 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.74M in Knitting Machines, making it the 23rd largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 941st most exported product in Canada. The main destination of Knitting Machines exports from Canada are: Egypt ($1.42M), United States ($528k), Canada ($193k), Germany ($172k), and India ($101k).

The fastest growing export markets for Knitting Machines of Canada between 2021 and 2022 were Egypt ($1.42M), Canada ($185k), and Germany ($148k).

Imports In 2022, Canada imported $16.3M in Knitting Machines, becoming the 31st largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 892nd most imported product in Canada. Canada imports Knitting Machines primarily from: United States ($5.82M), Japan ($2.42M), China ($1.52M), Germany ($1.43M), and Mexico ($1.17M).

The fastest growing import markets in Knitting Machines for Canada between 2021 and 2022 were United States ($1.88M), Mexico ($1.17M), and France ($647k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Knitting Machines from Canada to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - June 2024)C$-1.83M(-98.7%)
IMPORT GROWTH (June 2023 - June 2024)C$170k(14%)
MAIN EXPORTER (June 2024)OntarioC$23.7k
MAIN DESTINATION (June 2024)United StatesC$23.7k

This section shows Knitting Machines'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 Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.74M
IMPORTS (2022)$16.3M
NET TRADE (2022)-$13.5M

In 2022, Canada exported $2.74M in Knitting Machines. The main destinations of Canada exports on Knitting Machines were Egypt ($1.42M), United States ($528k), Canada ($193k), Germany ($172k), and India ($101k).

In 2022, Canada imported $16.3M in Knitting Machines, mainly from United States ($5.82M), Japan ($2.42M), China ($1.52M), Germany ($1.43M), and Mexico ($1.17M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Egypt$1.42M (1%)
Canada$185k (2.28k%)
Germany$148k (633%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Canada WERE (2021 - 2022):
United States-$141k (-21%)
Belgium-$53.8k (-100%)
Mexico-$33.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Canada's main importing competitors in Knitting Machines were:

Explore Visualizations

Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $720k
TOP IMPORT POTENTIALChina+ $1.43M

Knitting Machines’s highest export potential is United States. With an export gap of $720k.   Knitting Machines’s highest import potential is China with an import gap of $1.43M.

See methodology.

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