2023
Exports
$185MWorld Rnk 7 / 199
Flag Rnk 282 / 1212
2023
PRODUCT COMPLEXITY IN Paper Labels
-0.12Rnk 593 / 1025
2023
Imports
$222MWorld Rnk 5 / 223
Flag Rnk 365 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $185M in Paper Labels, making it the 7th largest exporter of Paper Labels in the world. At the same year, Paper Labels was the 282nd most exported product in Canada. The main destination of Paper Labels exports from Canada are: United States ($170M), Mexico ($5.36M), Hong Kong ($1.68M), Italy ($1.25M), and Germany ($1.04M).

The fastest growing export markets for Paper Labels of Canada between 2022 and 2023 were United States ($8.62M), Mexico ($4.77M), and Italy ($957k).

Imports In 2023, Canada imported $222M in Paper Labels, becoming the 5th largest importer of Paper Labels in the world. At the same year, Paper Labels was the 365th most imported product in Canada. Canada imports Paper Labels primarily from: United States ($188M), China ($21.4M), Mexico ($3.09M), France ($2.02M), and Vietnam ($1.02M).

The fastest growing import markets in Paper Labels for Canada between 2022 and 2023 were China ($3.36M), United States ($651k), and Netherlands ($449k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$1.78M(8.97%)
IMPORT GROWTH (November 2023 - November 2024)C$-1.09M(-4.91%)
MAIN EXPORTER (November 2024)OntarioC$16.9M
MAIN DESTINATION (November 2024)United StatesC$20M

This section shows Paper Labels'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 Paper Labels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$185M
IMPORTS (2023)$222M
NET TRADE (2023)-$36.6M

In 2023, Canada exported $185M in Paper Labels. The main destinations of Canada exports on Paper Labels were United States ($170M), Mexico ($5.36M), Hong Kong ($1.68M), Italy ($1.25M), and Germany ($1.04M).

In 2023, Canada imported $222M in Paper Labels, mainly from United States ($188M), China ($21.4M), Mexico ($3.09M), France ($2.02M), and Vietnam ($1.02M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paper Labels EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$8.62M (5.36%)
Mexico$4.77M (813%)
Italy$957k (325%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paper Labels BY Canada WERE (2022 - 2023):
Trinidad and Tobago-$653k (-74.7%)
Hong Kong-$336k (-16.6%)
China-$148k (-62.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Paper Labels were:
In 2023, Canada's main importing competitors in Paper Labels were:

Explore Visualizations

Trade Value of Paper Labels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.8M
TOP IMPORT POTENTIALChina+ $8.47M

Paper Labels’s highest export potential is United States. With an export gap of $3.8M.   Paper Labels’s highest import potential is China with an import gap of $8.47M.

See methodology.

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