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2023
Exports $34MWorld Rnk 7 / 177
Flag Rnk 545 / 1212
2023
Destination $58.2k United States
2022 - 2023
FASTEST GROWING MARKET $58.2kCuba
2023
PRODUCT COMPLEXITY IN Letter Stock0.39Rnk 419 / 1025
2023
Imports $56.6MWorld Rnk 6 / 219
Flag Rnk 653 / 1211
2023
Origin $160k United States
2022 - 2023
FASTEST GROWING ORIGIN $160kPoland
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $34M in Letter Stock, making it the 7th largest exporter of Letter Stock in the world. At the same year, Letter Stock was the 545th most exported product in Canada. The main destination of Letter Stock exports from Canada are: United States ($33.2M), Hong Kong ($201k), United Kingdom ($92k), Mexico ($88k), and Cuba ($64.5k).

The fastest growing export markets for Letter Stock of Canada between 2022 and 2023 were Cuba ($58.2k), Turkey ($51k), and Spain ($16.3k).

Imports In 2023, Canada imported $56.6M in Letter Stock, becoming the 6th largest importer of Letter Stock in the world. At the same year, Letter Stock was the 653rd most imported product in Canada. Canada imports Letter Stock primarily from: United States ($42.4M), China ($6.25M), Mexico ($4.06M), Indonesia ($896k), and Singapore ($428k).

The fastest growing import markets in Letter Stock for Canada between 2022 and 2023 were Poland ($160k), Turkey ($127k), and Malaysia ($103k).

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

Latest Trends

November 2024

About

Overview In November 2024 Canada's Letter Stock exports accounted up to C$5.21M and imports accounted up to C$5.6M, resulting in a negative trade balance of C$388k. Between November 2023 and November 2024 the exports of Canada's   Letter Stock have decreased by C$-2.33M (-30.9%) from C$7.54M to C$5.21M, while imports decreased by C$-1.51M (-21.3%) from C$7.11M to C$5.6M.

Destinations In November 2024, Letter Stock were exported mostly to United States (C$5.11M), Hong Kong (C$70k), South Africa (C$23.9k), Australia (C$3.56k), and United States Minor Outlying Islands (C$2.5k), and were imported mostly from United States (C$3.04M), Portugal (C$918k), China (C$747k), Turkey (C$209k), and Belgium (C$141k).

Growth In November 2024, the decrease in Letter Stock's year-by-year exports was explained primarily by a decrease in exports to United States (C$-1.26M or -23.5%) and China (C$-16.3k or -43.1%). In November 2024, the decrease in Letter Stock's year-by-year imports was explained primarily by a decrease in imports from Austria (C$-54.8k or -91.3%), Spain (C$-15.7k or -17.7%), and Vietnam (C$-10.7k or -49.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-2.33M(-30.9%)
IMPORT GROWTH (November 2023 - November 2024)C$-1.51M(-21.3%)
MAIN EXPORTER (November 2024)OntarioC$4.5M
MAIN DESTINATION (November 2024)United StatesC$5.11M

This section shows Letter Stock'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 Letter Stock over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34M
IMPORTS (2023)$56.6M
NET TRADE (2023)-$22.6M

In 2023, Canada exported $34M in Letter Stock. The main destinations of Canada exports on Letter Stock were United States ($33.2M), Hong Kong ($201k), United Kingdom ($92k), Mexico ($88k), and Cuba ($64.5k).

In 2023, Canada imported $56.6M in Letter Stock, mainly from United States ($42.4M), China ($6.25M), Mexico ($4.06M), Indonesia ($896k), and Singapore ($428k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Letter Stock EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Cuba$58.2k (931%)
Turkey$51k (11.5k%)
Spain$16.3k (1.19k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Letter Stock BY Canada WERE (2022 - 2023):
United States-$8.04M (-19.5%)
Hong Kong-$264k (-56.9%)
United Kingdom-$262k (-74%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Letter Stock were:
China $254M
Poland $99.5M
Mexico $85.5M
In 2023, Canada's main importing competitors in Letter Stock were:
United States $190M
Germany $111M
Japan $65.7M

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Trade Value of Letter Stock by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.27M
TOP IMPORT POTENTIALChina+ $1.8M

Letter Stock’s highest export potential is United States. With an export gap of $4.27M.   Letter Stock’s highest import potential is China with an import gap of $1.8M.

See methodology.

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