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2022
Exports $13.8MWorld Rnk 22 / 153
Flag Rnk 728 / 1210
2022
Destination $2.89M Argentina
2021 - 2022
FASTEST GROWING MARKET $2.89MArgentina
2022
PRODUCT COMPLEXITY IN Laboratory Reagents1.53Rnk 45 / 1025
2022
Imports $1.25MWorld Rnk 81 / 180
Flag Rnk 1135 / 1213
2022
Origin $123 Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $123Lesotho
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $13.8M in Laboratory Reagents, making it the 22nd largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 728th most exported product in Canada. The main destination of Laboratory Reagents exports from Canada are: Argentina ($3.53M), Chinese Taipei ($2.79M), Brunei ($2.53M), Philippines ($1.59M), and Bahamas ($618k).

The fastest growing export markets for Laboratory Reagents of Canada between 2021 and 2022 were Argentina ($2.89M), Chinese Taipei ($1.34M), and Philippines ($1.18M).

Imports In 2022, Canada imported $1.25M in Laboratory Reagents, becoming the 81st largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 1135th most imported product in Canada. Canada imports Laboratory Reagents primarily from: Chinese Taipei ($1.25M), Ukraine ($3.11k), Lesotho ($123), and Brunei ($34).

The fastest growing import markets in Laboratory Reagents for Canada between 2021 and 2022 were Lesotho ($123) and Brunei ($34).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Laboratory Reagents exports accounted up to C$94.8M and imports accounted up to C$125M, resulting in a negative trade balance of C$29.9M. Between September 2023 and September 2024 the exports of Canada's   Laboratory Reagents have increased by C$15.2M (19.1%) from C$79.6M to C$94.8M, while imports increased by C$7.98M (6.83%) from C$117M to C$125M.

Destinations In September 2024, Laboratory Reagents were exported mostly to United States (C$63.6M), Belgium (C$7.1M), Germany (C$4.6M), Chile (C$2.5M), and Italy (C$2.48M), and were imported mostly from United States (C$70.3M), United Kingdom (C$9.79M), Germany (C$8.91M), Japan (C$7.23M), and Singapore (C$6.81M).

Growth In September 2024, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to Germany (C$1.93M or 73%), France (C$1.4M or 85%), and Italy (C$918k or 265%). In September 2024, the increase in Laboratory Reagents's year-by-year imports was explained primarily by an increase in imports from Germany (C$1.63M or 23.3%), Denmark (C$954k or 168%), and Singapore (C$460k or 17.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$15.2M(19.1%)
IMPORT GROWTH (September 2023 - September 2024)C$7.98M(6.83%)
MAIN EXPORTER (September 2024)OntarioC$42M
MAIN DESTINATION (September 2024)United StatesC$63.6M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.8M
IMPORTS (2022)$1.25M
NET TRADE (2022)$12.5M

In 2022, Canada exported $13.8M in Laboratory Reagents. The main destinations of Canada exports on Laboratory Reagents were Argentina ($3.53M), Chinese Taipei ($2.79M), Brunei ($2.53M), Philippines ($1.59M), and Bahamas ($618k).

In 2022, Canada imported $1.25M in Laboratory Reagents, mainly from Chinese Taipei ($1.25M), Ukraine ($3.11k), Lesotho ($123), and Brunei ($34).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Argentina$2.89M (453%)
Chinese Taipei$1.34M (91.8%)
Philippines$1.18M (290%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Canada WERE (2021 - 2022):
United States-$583M (-100%)
Belgium-$57.7M (-100%)
Germany-$28.7M (-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 Laboratory Reagents were:
United States $521M
Chinese Taipei $423M
Germany $163M
In 2022, Canada's main importing competitors in Laboratory Reagents were:
Chinese Taipei $427M
Philippines $176M
Argentina $174M

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $210M
TOP IMPORT POTENTIALUnited States+ $264M

Laboratory Reagents’s highest export potential is United States. With an export gap of $210M.   Laboratory Reagents’s highest import potential is United States with an import gap of $264M.

See methodology.

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