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2022
Exports $38.7MWorld Rnk 26 / 178
Flag Rnk 545 / 1210
2022
Destination $2.83M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $2.83MHong Kong
2022
PRODUCT COMPLEXITY IN Precious Metal Watches0.4Rnk 410 / 1025
2022
Imports $161MWorld Rnk 21 / 208
Flag Rnk 463 / 1213
2022
Origin $16.5M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $16.5MSwitzerland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $38.7M in Precious Metal Watches, making it the 26th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 545th most exported product in Canada. The main destination of Precious Metal Watches exports from Canada are: Hong Kong ($19.2M), United States ($10.2M), Macau ($4.36M), Switzerland ($2.75M), and France ($428k).

The fastest growing export markets for Precious Metal Watches of Canada between 2021 and 2022 were Hong Kong ($2.83M), Macau ($1.82M), and Switzerland ($581k).

Imports In 2022, Canada imported $161M in Precious Metal Watches, becoming the 21st largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 463rd most imported product in Canada. Canada imports Precious Metal Watches primarily from: Switzerland ($107M), United States ($35.7M), Japan ($10.1M), Hong Kong ($1.69M), and China ($1.57M).

The fastest growing import markets in Precious Metal Watches for Canada between 2021 and 2022 were Switzerland ($16.5M), United States ($7.55M), and Japan ($2.87M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Precious Metal Watches exports accounted up to C$3.44M and imports accounted up to C$15M, resulting in a negative trade balance of C$11.6M. Between June 2023 and June 2024 the exports of Canada's   Precious Metal Watches have increased by C$3.37M (4.65k%) from C$72.5k to C$3.44M, while imports decreased by C$-5.25M (-25.9%) from C$20.3M to C$15M.

Destinations In June 2024, Precious Metal Watches were exported mostly to Hong Kong (C$1.67M), Macau (C$1.54M), United States Minor Outlying Islands (C$158k), China (C$37.2k), and Switzerland (C$21.7k), and were imported mostly from Switzerland (C$12.9M), Japan (C$1.21M), United States (C$399k), Germany (C$289k), and China (C$81k).

Growth In June 2024, the increase in Precious Metal Watches's year-by-year exports was explained primarily by an increase in exports to Hong Kong (C$624k or 80.6%), Macau (C$234k or 255%), and United States (C$406 or 7.14%). In June 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Japan (C$-303k or -17.8%) and Thailand (C$-3.98k or -14.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$3.37M(4.65k%)
IMPORT GROWTH (June 2023 - June 2024)C$-5.25M(-25.9%)
MAIN EXPORTER (June 2024)OntarioC$2.1M
MAIN DESTINATION (June 2024)Hong KongC$1.67M

This section shows Precious Metal Watches'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 Precious Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$38.7M
IMPORTS (2022)$161M
NET TRADE (2022)-$122M

In 2022, Canada exported $38.7M in Precious Metal Watches. The main destinations of Canada exports on Precious Metal Watches were Hong Kong ($19.2M), United States ($10.2M), Macau ($4.36M), Switzerland ($2.75M), and France ($428k).

In 2022, Canada imported $161M in Precious Metal Watches, mainly from Switzerland ($107M), United States ($35.7M), Japan ($10.1M), Hong Kong ($1.69M), and China ($1.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Hong Kong$2.83M (17.4%)
Macau$1.82M (71.8%)
Switzerland$581k (26.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Canada WERE (2021 - 2022):
United States-$1.26M (-10.9%)
Japan-$182k (-68.5%)
United Kingdom-$180k (-85.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Precious Metal Watches were:
Switzerland $9.41B
Singapore $895M
France $801M
In 2022, Canada's main importing competitors in Precious Metal Watches were:
Hong Kong $2.35B
United States $1.76B
Switzerland $1.5B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.1M
TOP IMPORT POTENTIALUnited States+ $9.68M

Precious Metal Watches’s highest export potential is United States. With an export gap of $11.1M.   Precious Metal Watches’s highest import potential is United States with an import gap of $9.68M.

See methodology.

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