Opto-Electric Instrument Parts in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $68.3M in Opto-Electric Instrument Parts, making it the 14th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 449th most exported product in Canada. The main destination of Opto-Electric Instrument Parts exports from Canada are: United States ($39M), Hong Kong ($5.61M), Saudi Arabia ($3.39M), Chinese Taipei ($2.66M), and South Korea ($2.42M).

The fastest growing export markets for Opto-Electric Instrument Parts of Canada between 2021 and 2022 were United States ($6.28M), Hong Kong ($2.9M), and Saudi Arabia ($1.92M).

Imports In 2022, Canada imported $40.7M in Opto-Electric Instrument Parts, becoming the 24th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 748th most imported product in Canada. Canada imports Opto-Electric Instrument Parts primarily from: United States ($17.4M), United Kingdom ($3.8M), China ($3.31M), Germany ($2.6M), and Japan ($2M).

The fastest growing import markets in Opto-Electric Instrument Parts for Canada between 2021 and 2022 were United States ($3.74M), Switzerland ($773k), and Czechia ($373k).

Latest Trends

July 2024

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Overview In July 2024 Canada's Opto-Electric Instrument Parts exports accounted up to C$7.85M and imports accounted up to C$6.26M, resulting in a positive trade balance of C$1.59M. Between July 2023 and July 2024 the exports of Canada's Opto-Electric Instrument Parts have increased by C$764k (10.8%) from C$7.08M to C$7.85M, while imports increased by C$889k (16.6%) from C$5.37M to C$6.26M.

Destinations In July 2024, Opto-Electric Instrument Parts were exported mostly to United States (C$5.12M), Hong Kong (C$987k), China (C$324k), Indonesia (C$294k), and South Korea (C$241k), and were imported mostly from Singapore (C$2.29M), United States (C$1.06M), China (C$779k), Chinese Taipei (C$295k), and Germany (C$264k).

Growth In July 2024, the increase in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by an increase in exports to South Korea (C$508k or 343%), Saudi Arabia (C$263k or 186%), and Singapore (C$225k or 824%). In July 2024, the increase in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by an increase in imports from Singapore (C$1.44M or 8.54k%), Denmark (C$491k or 2.27k%), and Germany (C$109k or 68.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)C$764k(10.8%)

IMPORT GROWTH (July 2023 - July 2024)C$889k(16.6%)

MAIN EXPORTER (July 2024)OntarioC$12.1M

MAIN DESTINATION (July 2024)United StatesC$5.12M

This section shows Opto-Electric Instrument Parts'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 Opto-Electric Instrument Parts over time.

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