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Exports In 2023, Canada exported $6.79M in Nitric Acids, making it the 14th largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 798th most exported product in Canada. The main destination of Nitric Acids exports from Canada are: United States ($5.05M), Chinese Taipei ($298k), Netherlands ($249k), India ($247k), and Peru ($179k).

The fastest growing export markets for Nitric Acids of Canada between 2022 and 2023 were India ($247k), Peru ($83.3k), and Austria ($33.4k).

Imports In 2023, Canada imported $6.03M in Nitric Acids, becoming the 20th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 1002nd most imported product in Canada. Canada imports Nitric Acids primarily from: United States ($5.8M), Czechia ($122k), Belgium ($76.5k), Germany ($11.7k), and Netherlands ($8.32k).

The fastest growing import markets in Nitric Acids for Canada between 2022 and 2023 were Czechia ($89k), Belgium ($51.8k), and Japan ($653).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-345(-0.045%)
IMPORT GROWTH (November 2023 - November 2024)C$129k(21.2%)
MAIN EXPORTER (November 2024)British ColumbiaC$1.05M
MAIN DESTINATION (November 2024)United StatesC$737k

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.79M
IMPORTS (2023)$6.03M
NET TRADE (2023)$754k

In 2023, Canada exported $6.79M in Nitric Acids. The main destinations of Canada exports on Nitric Acids were United States ($5.05M), Chinese Taipei ($298k), Netherlands ($249k), India ($247k), and Peru ($179k).

In 2023, Canada imported $6.03M in Nitric Acids, mainly from United States ($5.8M), Czechia ($122k), Belgium ($76.5k), Germany ($11.7k), and Netherlands ($8.32k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Canada WERE (2022 - 2023):
India$247k (1%)
Peru$83.3k (87%)
Austria$33.4k (63.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Canada WERE (2022 - 2023):
United States-$2.83M (-36%)
South Korea-$204k (-100%)
United Kingdom-$131k (-86.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Nitric Acids were:
In 2023, Canada's main importing competitors in Nitric Acids were:
Germany $50.8M
France $35.9M
Belgium $35.3M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $74.1k
TOP IMPORT POTENTIALChina+ $61.9k

Nitric Acids’s highest export potential is Germany. With an export gap of $74.1k.   Nitric Acids’s highest import potential is China with an import gap of $61.9k.

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