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2022
Exports $228MWorld Rnk 19 / 199
Flag Rnk 253 / 1210
2022
Destination $59.7M United States
2021 - 2022
FASTEST GROWING MARKET $59.7MBelgium
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $370MWorld Rnk 12 / 220
Flag Rnk 282 / 1213
2022
Origin $24.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $24.6MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $228M in Special Pharmaceuticals, making it the 19th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 253rd most exported product in Canada. The main destination of Special Pharmaceuticals exports from Canada are: United States ($91.6M), Belgium ($62.9M), China ($18.4M), France ($9.93M), and South Korea ($8.5M).

The fastest growing export markets for Special Pharmaceuticals of Canada between 2021 and 2022 were Belgium ($59.7M), United States ($16.5M), and China ($11M).

Imports In 2022, Canada imported $370M in Special Pharmaceuticals, becoming the 12th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 282nd most imported product in Canada. Canada imports Special Pharmaceuticals primarily from: United States ($143M), Germany ($45.2M), Finland ($36.5M), China ($26.4M), and Netherlands ($22.5M).

The fastest growing import markets in Special Pharmaceuticals for Canada between 2021 and 2022 were United States ($24.6M), Belgium ($7.58M), and Hungary ($3.48M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Special Pharmaceuticals exports accounted up to C$58M and imports accounted up to C$52.7M, resulting in a positive trade balance of C$5.25M. Between July 2023 and July 2024 the exports of Canada's   Special Pharmaceuticals have increased by C$33.7M (139%) from C$24.2M to C$58M, while imports increased by C$15.5M (41.7%) from C$37.2M to C$52.7M.

Destinations In July 2024, Special Pharmaceuticals were exported mostly to United States (C$54.7M), Switzerland (C$987k), China (C$546k), United Kingdom (C$341k), and France (C$332k), and were imported mostly from United States (C$15.9M), Germany (C$6.95M), Finland (C$6.82M), Belgium (C$3.15M), and Switzerland (C$2.85M).

Growth In July 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (C$41.3k or 113%), Albania (C$20.2k or 57.2%), and Israel (C$11k or 18.2%). In July 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from United States (C$8.31M or 78.3%), China (C$4.42M or 173%), and Germany (C$3.39M or 60.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$33.7M(139%)
IMPORT GROWTH (July 2023 - July 2024)C$15.5M(41.7%)
MAIN EXPORTER (July 2024)OntarioC$51.3M
MAIN DESTINATION (July 2024)United StatesC$54.7M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$228M
IMPORTS (2022)$370M
NET TRADE (2022)-$143M

In 2022, Canada exported $228M in Special Pharmaceuticals. The main destinations of Canada exports on Special Pharmaceuticals were United States ($91.6M), Belgium ($62.9M), China ($18.4M), France ($9.93M), and South Korea ($8.5M).

In 2022, Canada imported $370M in Special Pharmaceuticals, mainly from United States ($143M), Germany ($45.2M), Finland ($36.5M), China ($26.4M), and Netherlands ($22.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Belgium$59.7M (1.83k%)
United States$16.5M (22%)
China$11M (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Canada WERE (2021 - 2022):
Canada-$6.77M (-55.8%)
Mexico-$4.85M (-70.3%)
France-$4.66M (-31.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Canada's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $59.5M
TOP IMPORT POTENTIALUnited States+ $45.4M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $59.5M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $45.4M.

See methodology.

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