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2022
Exports $45.1MWorld Rnk 10 / 165
Flag Rnk 506 / 1210
2022
Destination $2.3M United States
2021 - 2022
FASTEST GROWING MARKET $2.3MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $58.7MWorld Rnk 9 / 206
Flag Rnk 667 / 1213
2022
Origin $733k United States
2021 - 2022
FASTEST GROWING ORIGIN $733kUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $45.1M in Tensile Testing Machines, making it the 10th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 506th most exported product in Canada. The main destination of Tensile Testing Machines exports from Canada are: United States ($29.4M), China ($2.46M), United Arab Emirates ($2.43M), United Kingdom ($1M), and India ($999k).

The fastest growing export markets for Tensile Testing Machines of Canada between 2021 and 2022 were United Arab Emirates ($2.3M), Singapore ($742k), and India ($674k).

Imports In 2022, Canada imported $58.7M in Tensile Testing Machines, becoming the 9th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 667th most imported product in Canada. Canada imports Tensile Testing Machines primarily from: United States ($42.8M), United Kingdom ($3.16M), Germany ($2.52M), China ($2.04M), and Italy ($1.01M).

The fastest growing import markets in Tensile Testing Machines for Canada between 2021 and 2022 were United States ($733k), Netherlands ($642k), and New Zealand ($408k).

Latest Trends

October 2024

About

Overview In October 2024 Canada's Tensile Testing Machines exports accounted up to C$6.03M and imports accounted up to C$4.84M, resulting in a positive trade balance of C$1.19M. Between October 2023 and October 2024 the exports of Canada's   Tensile Testing Machines have increased by C$352k (6.2%) from C$5.68M to C$6.03M, while imports decreased by C$-498k (-9.34%) from C$5.34M to C$4.84M.

Destinations In October 2024, Tensile Testing Machines were exported mostly to United States (C$3.27M), France (C$1.28M), United Kingdom (C$480k), China (C$214k), and Austria (C$153k), and were imported mostly from United States (C$3.46M), United Kingdom (C$259k), China (C$209k), Canada (C$168k), and Italy (C$140k).

Growth In October 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to India (C$63k or 108%), South Korea (C$28.6k or 176%), and Netherlands (C$4.08k or 26.9%). In October 2024, the decrease in Tensile Testing Machines's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-82.8k or -55.6%), Sweden (C$-67.4k or -95.9%), and India (C$-55k or -86.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$352k(6.2%)
IMPORT GROWTH (October 2023 - October 2024)C$-498k(-9.34%)
MAIN EXPORTER (October 2024)OntarioC$6.13M
MAIN DESTINATION (October 2024)United StatesC$3.27M

This section shows Tensile Testing Machines'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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.1M
IMPORTS (2022)$58.7M
NET TRADE (2022)-$13.7M

In 2022, Canada exported $45.1M in Tensile Testing Machines. The main destinations of Canada exports on Tensile Testing Machines were United States ($29.4M), China ($2.46M), United Arab Emirates ($2.43M), United Kingdom ($1M), and India ($999k).

In 2022, Canada imported $58.7M in Tensile Testing Machines, mainly from United States ($42.8M), United Kingdom ($3.16M), Germany ($2.52M), China ($2.04M), and Italy ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Arab Emirates$2.3M (1.71k%)
Singapore$742k (12k%)
India$674k (208%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Canada WERE (2021 - 2022):
United States-$3.54M (-10.7%)
Indonesia-$607k (-93.5%)
Denmark-$499k (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, Canada's main importing competitors in Tensile Testing Machines were:
China $408M
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.8M
TOP IMPORT POTENTIALUnited States+ $5.51M

Tensile Testing Machines’s highest export potential is United States. With an export gap of $4.8M.   Tensile Testing Machines’s highest import potential is United States with an import gap of $5.51M.

See methodology.

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