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

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Exports In 2023, Canada exported $81.7M in Opto-Electric Instrument Parts, making it the 11th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 406th most exported product in Canada. The main destination of Opto-Electric Instrument Parts exports from Canada are: United States ($44.3M), Saudi Arabia ($6.97M), Hong Kong ($5.27M), United Arab Emirates ($3.72M), and Czechia ($2.62M).

The fastest growing export markets for Opto-Electric Instrument Parts of Canada between 2022 and 2023 were United States ($5.69M), Saudi Arabia ($5.28M), and United Arab Emirates ($2.54M).

Imports In 2023, Canada imported $43.3M in Opto-Electric Instrument Parts, becoming the 27th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 711th most imported product in Canada. Canada imports Opto-Electric Instrument Parts primarily from: Singapore ($13.4M), United States ($12.3M), China ($3.52M), Germany ($2.24M), and Japan ($1.51M).

The fastest growing import markets in Opto-Electric Instrument Parts for Canada between 2022 and 2023 were Singapore ($12.3M), Denmark ($729k), and Italy ($347k).

Latest Trends

November 2024

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Overview In November 2024 Canada's Opto-Electric Instrument Parts exports accounted up to C$9.5M and imports accounted up to C$4.49M, resulting in a positive trade balance of C$5M. Between November 2023 and November 2024 the exports of Canada's Opto-Electric Instrument Parts have increased by C$1.39M (17.1%) from C$8.11M to C$9.5M, while imports decreased by C$-2.41k (-0.054%) from C$4.5M to C$4.49M.

Destinations In November 2024, Opto-Electric Instrument Parts were exported mostly to United States (C$5.52M), Saudi Arabia (C$924k), Hong Kong (C$520k), Trinidad and Tobago (C$393k), and Qatar (C$322k), and were imported mostly from United States (C$1.46M), Denmark (C$903k), Singapore (C$516k), China (C$428k), and Germany (C$411k).

Growth In November 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$225k or 824%). In November 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from United States (C$-516k or -31.2%), United Kingdom (C$-177k or -64.6%), and China (C$-87.4k or -21.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)C$1.39M(17.1%)

IMPORT GROWTH (November 2023 - November 2024)C$-2.41k(-0.054%)

MAIN EXPORTER (November 2024)OntarioC$12.1M

MAIN DESTINATION (November 2024)United StatesC$5.52M

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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