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2023
Exports $43.2MWorld Rnk 25 / 108
Flag Rnk 505 / 1212
2023
Destination $7.57M United States
2022 - 2023
FASTEST GROWING MARKET $7.57MHong Kong
2023
PRODUCT COMPLEXITY IN Other Sea Vessels-0.41Rnk 668 / 1025
2023
Imports $21.6MWorld Rnk 36 / 186
Flag Rnk 831 / 1211
2023
Origin $6.3M Vietnam
2022 - 2023
FASTEST GROWING ORIGIN $6.3MVietnam
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $43.2M in Other Sea Vessels, making it the 25th largest exporter of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 505th most exported product in Canada. The main destination of Other Sea Vessels exports from Canada are: United States ($15.1M), United Kingdom ($7.98M), Hong Kong ($7.57M), Denmark ($6.02M), and Chinese Taipei ($2.34M).

The fastest growing export markets for Other Sea Vessels of Canada between 2022 and 2023 were Hong Kong ($7.57M), Denmark ($6.02M), and United Kingdom ($4.65M).

Imports In 2023, Canada imported $21.6M in Other Sea Vessels, becoming the 36th largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 831st most imported product in Canada. Canada imports Other Sea Vessels primarily from: Vietnam ($6.33M), United Kingdom ($5.78M), United States ($3.19M), Ireland ($2.82M), and Estonia ($2.57M).

The fastest growing import markets in Other Sea Vessels for Canada between 2022 and 2023 were Vietnam ($6.3M), United Kingdom ($5.77M), and United States ($2.92M).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Other Sea Vessels exports accounted up to C$5.48M and imports accounted up to C$36k, resulting in a positive trade balance of C$5.45M. Between November 2023 and December 2024 the exports of Canada's   Other Sea Vessels have increased by C$1.19M (27.6%) from C$4.3M to C$5.48M, while imports decreased by C$-55k (-60.4%) from C$91k to C$36k.

Destinations In December 2024, Other Sea Vessels were exported mostly to United Kingdom (C$3.4M), United States (C$1.91M), and Ukraine (C$168k), and were imported mostly from China (C$36k).

Growth In December 2024, the increase in Other Sea Vessels's year-by-year exports was explained primarily by an increase in exports to United States (C$8.85k or 0.55%). In December 2024, the decrease in Other Sea Vessels's year-by-year imports was explained primarily by a decrease in imports from China (C$-61.4k or -95.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - December 2024)C$1.19M(27.6%)
IMPORT GROWTH (December 2023 - December 2024)C$-55k(-60.4%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United KingdomC$3.4M

This section shows Other Sea Vessels'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 Sea Vessels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$43.2M
IMPORTS (2023)$21.6M
NET TRADE (2023)$21.6M

In 2023, Canada exported $43.2M in Other Sea Vessels. The main destinations of Canada exports on Other Sea Vessels were United States ($15.1M), United Kingdom ($7.98M), Hong Kong ($7.57M), Denmark ($6.02M), and Chinese Taipei ($2.34M).

In 2023, Canada imported $21.6M in Other Sea Vessels, mainly from Vietnam ($6.33M), United Kingdom ($5.78M), United States ($3.19M), Ireland ($2.82M), and Estonia ($2.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Sea Vessels EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Hong Kong$7.57M (1%)
Denmark$6.02M (1%)
United Kingdom$4.65M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY Canada WERE (2022 - 2023):
Qatar-$5.82M (-79.4%)
Malaysia-$3.83M (-100%)
Chinese Taipei-$428k (-15.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Other Sea Vessels were:
Saudi Arabia $1.44B
India $493M
China $390M
In 2023, Canada's main importing competitors in Other Sea Vessels were:
United Arab Emirates $774M
Saudi Arabia $615M
Qatar $402M

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Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.98M
TOP IMPORT POTENTIALUnited States+ $870k

Other Sea Vessels’s highest export potential is United States. With an export gap of $3.98M.   Other Sea Vessels’s highest import potential is United States with an import gap of $870k.

See methodology.

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