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2023
Exports $4.75MWorld Rnk 30 / 163
Flag Rnk 840 / 1212
2023
Destination $160k United States
2022 - 2023
FASTEST GROWING MARKET $160kBahamas
2023
PRODUCT COMPLEXITY IN Pearl Products-0.45Rnk 682 / 1025
2023
Imports $42.7MWorld Rnk 12 / 198
Flag Rnk 714 / 1211
2023
Origin $760k China
2022 - 2023
FASTEST GROWING ORIGIN $760kVietnam
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $4.75M in Pearl Products, making it the 30th largest exporter of Pearl Products in the world. At the same year, Pearl Products was the 840th most exported product in Canada. The main destination of Pearl Products exports from Canada are: United States ($3.79M), Hong Kong ($219k), China ($184k), Bahamas ($160k), and France ($69.6k).

The fastest growing export markets for Pearl Products of Canada between 2022 and 2023 were Bahamas ($160k), China ($71.2k), and France ($63.8k).

Imports In 2023, Canada imported $42.7M in Pearl Products, becoming the 12th largest importer of Pearl Products in the world. At the same year, Pearl Products was the 714th most imported product in Canada. Canada imports Pearl Products primarily from: China ($17.4M), United States ($8.35M), Thailand ($6.87M), Vietnam ($4.01M), and India ($1.66M).

The fastest growing import markets in Pearl Products for Canada between 2022 and 2023 were Vietnam ($760k), Thailand ($686k), and France ($447k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Pearl Products exports accounted up to C$447k and imports accounted up to C$4.97M, resulting in a negative trade balance of C$4.52M. Between November 2023 and November 2024 the exports of Canada's   Pearl Products have decreased by C$-649k (-59.2%) from C$1.1M to C$447k, while imports decreased by C$-1.11M (-18.3%) from C$6.07M to C$4.97M.

Destinations In November 2024, Pearl Products were exported mostly to United States (C$238k), Hong Kong (C$190k), Switzerland (C$9.3k), Malaysia (C$5.08k), and India (C$4.78k), and were imported mostly from China (C$1.85M), Thailand (C$1.37M), United States (C$943k), Vietnam (C$468k), and India (C$186k).

Growth In November 2024, the decrease in Pearl Products's year-by-year exports was explained primarily by a decrease in exports to United States (C$-80k or -26.1%). In November 2024, the decrease in Pearl Products's year-by-year imports was explained primarily by a decrease in imports from China (C$-289k or -14.3%), Thailand (C$-154k or -22.9%), and Brazil (C$-31.1k or -17.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-649k(-59.2%)
IMPORT GROWTH (November 2023 - November 2024)C$-1.11M(-18.3%)
MAIN EXPORTER (November 2024)OntarioC$312k
MAIN DESTINATION (November 2024)United StatesC$238k

This section shows Pearl Products'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 Pearl Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.75M
IMPORTS (2023)$42.7M
NET TRADE (2023)-$37.9M

In 2023, Canada exported $4.75M in Pearl Products. The main destinations of Canada exports on Pearl Products were United States ($3.79M), Hong Kong ($219k), China ($184k), Bahamas ($160k), and France ($69.6k).

In 2023, Canada imported $42.7M in Pearl Products, mainly from China ($17.4M), United States ($8.35M), Thailand ($6.87M), Vietnam ($4.01M), and India ($1.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pearl Products EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Bahamas$160k (58.2k%)
China$71.2k (63.2%)
France$63.8k (1.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pearl Products BY Canada WERE (2022 - 2023):
United States-$899k (-19.2%)
Hong Kong-$336k (-60.5%)
Malaysia-$67.6k (-97.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Pearl Products were:
China $463M
Thailand $245M
United States $194M
In 2023, Canada's main importing competitors in Pearl Products were:
United States $418M
Switzerland $145M
Hong Kong $127M

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Trade Value of Pearl Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.7M
TOP IMPORT POTENTIALIndia+ $720k

Pearl Products’s highest export potential is United States. With an export gap of $2.7M.   Pearl Products’s highest import potential is India with an import gap of $720k.

See methodology.

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