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2022
Exports $73.5MWorld Rnk 18 / 218
Flag Rnk 437 / 1210
2022
Destination $6.61M United States
2021 - 2022
FASTEST GROWING MARKET $6.61MUnited States
2022
PRODUCT COMPLEXITY IN Other Hand Tools1.51Rnk 50 / 1025
2022
Imports $341MWorld Rnk 5 / 224
Flag Rnk 299 / 1213
2022
Origin $18.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $18.3MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $73.5M in Other Hand Tools, making it the 18th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 437th most exported product in Canada. The main destination of Other Hand Tools exports from Canada are: United States ($48.3M), Germany ($3.96M), France ($2.73M), United Kingdom ($2.17M), and Australia ($1.91M).

The fastest growing export markets for Other Hand Tools of Canada between 2021 and 2022 were United States ($6.61M), Germany ($1.76M), and Canada ($655k).

Imports In 2022, Canada imported $341M in Other Hand Tools, becoming the 5th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 299th most imported product in Canada. Canada imports Other Hand Tools primarily from: United States ($158M), China ($117M), Chinese Taipei ($29.5M), Germany ($4.92M), and India ($3.65M).

The fastest growing import markets in Other Hand Tools for Canada between 2021 and 2022 were United States ($18.3M), Chinese Taipei ($2.88M), and Vietnam ($1.01M).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Other Hand Tools exports accounted up to C$7.14M and imports accounted up to C$35.2M, resulting in a negative trade balance of C$28.1M. Between September 2023 and September 2024 the exports of Canada's   Other Hand Tools have decreased by C$-1.97M (-21.6%) from C$9.11M to C$7.14M, while imports decreased by C$-3.43M (-8.89%) from C$38.6M to C$35.2M.

Destinations In September 2024, Other Hand Tools were exported mostly to United States (C$6.09M), Germany (C$289k), France (C$119k), United Kingdom (C$109k), and Australia (C$102k), and were imported mostly from N/A.

Growth In September 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Australia (C$-130k or -61.2%), Japan (C$-105k or -87.1%), and Mozambique (C$-63k or -83.3%). In September 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from China (C$-1.13M or -9.23%), Italy (C$-135k or -30.2%), and India (C$-112k or -21.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-1.97M(-21.6%)
IMPORT GROWTH (September 2023 - September 2024)C$-3.43M(-8.89%)
MAIN EXPORTER (September 2024)QuebecC$4.23M
MAIN DESTINATION (September 2024)United StatesC$6.09M

This section shows Other Hand Tools'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 Other Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$73.5M
IMPORTS (2022)$341M
NET TRADE (2022)-$268M

In 2022, Canada exported $73.5M in Other Hand Tools. The main destinations of Canada exports on Other Hand Tools were United States ($48.3M), Germany ($3.96M), France ($2.73M), United Kingdom ($2.17M), and Australia ($1.91M).

In 2022, Canada imported $341M in Other Hand Tools, mainly from United States ($158M), China ($117M), Chinese Taipei ($29.5M), Germany ($4.92M), and India ($3.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.61M (15.8%)
Germany$1.76M (79.7%)
Canada$655k (52.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Canada WERE (2021 - 2022):
Saudi Arabia-$1.86M (-79.2%)
Iceland-$1.56M (-99.3%)
China-$1.06M (-69.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Other Hand Tools were:
China $4.12B
Chinese Taipei $1.14B
Germany $798M
In 2022, Canada's main importing competitors in Other Hand Tools were:
United States $1.86B
Germany $743M
France $392M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.9M
TOP IMPORT POTENTIALChina+ $5.94M

Other Hand Tools’s highest export potential is United States. With an export gap of $18.9M.   Other Hand Tools’s highest import potential is China with an import gap of $5.94M.

See methodology.

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