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2022
Exports $31.7MWorld Rnk 28 / 192
Flag Rnk 585 / 1210
2022
Destination $5.09M United States
2021 - 2022
FASTEST GROWING MARKET $5.09MUnited States
2022
PRODUCT COMPLEXITY IN Packing Bags-1.76Rnk 978 / 1025
2022
Imports $142MWorld Rnk 11 / 223
Flag Rnk 501 / 1213
2022
Origin $2.38M China
2021 - 2022
FASTEST GROWING ORIGIN $2.38MMexico
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $31.7M in Packing Bags, making it the 28th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 585th most exported product in Canada. The main destination of Packing Bags exports from Canada are: United States ($24.4M), Cuba ($2.27M), Vietnam ($1.28M), Barbados ($743k), and Pakistan ($468k).

The fastest growing export markets for Packing Bags of Canada between 2021 and 2022 were United States ($5.09M), Vietnam ($1.2M), and Cuba ($721k).

Imports In 2022, Canada imported $142M in Packing Bags, becoming the 11th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 501st most imported product in Canada. Canada imports Packing Bags primarily from: China ($38.2M), India ($30.7M), Vietnam ($25.7M), United States ($18.4M), and Cambodia ($6.88M).

The fastest growing import markets in Packing Bags for Canada between 2021 and 2022 were Mexico ($2.38M), United States ($2.09M), and Vietnam ($1.2M).

COMPANIES In 2023, leading companies such as Dow Chemical (1) were at the forefront of shipping Packing Bags from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Packing Bags exports accounted up to C$3.01M and imports accounted up to C$12.1M, resulting in a negative trade balance of C$9.08M. Between June 2023 and June 2024 the exports of Canada's   Packing Bags have increased by C$1.29M (75.1%) from C$1.72M to C$3.01M, while imports decreased by C$-225k (-1.83%) from C$12.3M to C$12.1M.

Destinations In June 2024, Packing Bags were exported mostly to United States (C$2.82M), Ireland (C$30k), United Kingdom (C$27.9k), Sweden (C$27.3k), and Ghana (C$25.7k), and were imported mostly from India (C$3.28M), United States (C$2.91M), Vietnam (C$2.04M), China (C$1.9M), and Turkey (C$451k).

Growth In June 2024, the increase in Packing Bags's year-by-year exports was explained primarily by an increase in exports to Benin (C$12.8k or 253%). In June 2024, the decrease in Packing Bags's year-by-year imports was explained primarily by a decrease in imports from China (C$-756k or -18.5%), Bangladesh (C$-532k or -65.8%), and Mexico (C$-182k or -31.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.29M(75.1%)
IMPORT GROWTH (June 2023 - June 2024)C$-225k(-1.83%)
MAIN EXPORTER (June 2024)OntarioC$1.52M
MAIN DESTINATION (June 2024)United StatesC$2.82M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.7M
IMPORTS (2022)$142M
NET TRADE (2022)-$110M

In 2022, Canada exported $31.7M in Packing Bags. The main destinations of Canada exports on Packing Bags were United States ($24.4M), Cuba ($2.27M), Vietnam ($1.28M), Barbados ($743k), and Pakistan ($468k).

In 2022, Canada imported $142M in Packing Bags, mainly from China ($38.2M), India ($30.7M), Vietnam ($25.7M), United States ($18.4M), and Cambodia ($6.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$5.09M (26.4%)
Vietnam$1.2M (1.5k%)
Cuba$721k (46.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Canada WERE (2021 - 2022):
Hungary-$452k (-100%)
Malaysia-$396k (-79.9%)
Russia-$136k (-93%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Packing Bags were:
China $1.74B
India $1.39B
Vietnam $639M
In 2022, Canada's main importing competitors in Packing Bags were:
United States $894M
Japan $472M
Germany $351M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.4M
TOP IMPORT POTENTIALIndia+ $8.93M

Packing Bags’s highest export potential is United States. With an export gap of $11.4M.   Packing Bags’s highest import potential is India with an import gap of $8.93M.

See methodology.

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