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2022
Exports $2.96MWorld Rnk 29 / 119
Flag Rnk 930 / 1210
2022
Destination $199k United States
2021 - 2022
FASTEST GROWING MARKET $199kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Textile Fiber Machinery1.53Rnk 47 / 1025
2022
Imports $9.21MWorld Rnk 37 / 178
Flag Rnk 977 / 1213
2022
Origin $2.32M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $2.32MSwitzerland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.96M in Textile Fiber Machinery, making it the 29th largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 930th most exported product in Canada. The main destination of Textile Fiber Machinery exports from Canada are: United States ($2.04M), United Kingdom ($206k), Norway ($164k), Belgium ($128k), and Brazil ($128k).

The fastest growing export markets for Textile Fiber Machinery of Canada between 2021 and 2022 were United Kingdom ($199k), Norway ($164k), and Belgium ($128k).

Imports In 2022, Canada imported $9.21M in Textile Fiber Machinery, becoming the 37th largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 977th most imported product in Canada. Canada imports Textile Fiber Machinery primarily from: Switzerland ($2.32M), United States ($1.64M), Germany ($1.44M), China ($699k), and France ($648k).

The fastest growing import markets in Textile Fiber Machinery for Canada between 2021 and 2022 were Switzerland ($2.32M), United States ($707k), and Germany ($544k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Textile Fiber Machinery exports accounted up to C$279k and imports accounted up to C$121k, resulting in a positive trade balance of C$159k. Between June 2023 and June 2024 the exports of Canada's   Textile Fiber Machinery have decreased by C$-2.2k (-0.78%) from C$281k to C$279k, while imports decreased by C$-1.44M (-92.3%) from C$1.56M to C$121k.

Destinations In June 2024, Textile Fiber Machinery were exported mostly to Norway (C$220k), India (C$54.8k), and United Kingdom (C$4.32k), and were imported mostly from United States (C$84.3k), New Zealand (C$17.3k), China (C$10.5k), Turkey (C$4.38k), and Canada (C$2.58k).

Growth In June 2024, the decrease in Textile Fiber Machinery's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Textile Fiber Machinery's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-25.8k or -64.7%) and India (C$-906 or -88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-2.2k(-0.78%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.44M(-92.3%)
MAIN EXPORTER (June 2024)Prince Edward Is.C$378k
MAIN DESTINATION (June 2024)NorwayC$220k

This section shows Textile Fiber Machinery'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 Textile Fiber Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.96M
IMPORTS (2022)$9.21M
NET TRADE (2022)-$6.25M

In 2022, Canada exported $2.96M in Textile Fiber Machinery. The main destinations of Canada exports on Textile Fiber Machinery were United States ($2.04M), United Kingdom ($206k), Norway ($164k), Belgium ($128k), and Brazil ($128k).

In 2022, Canada imported $9.21M in Textile Fiber Machinery, mainly from Switzerland ($2.32M), United States ($1.64M), Germany ($1.44M), China ($699k), and France ($648k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Kingdom$199k (2.64k%)
Norway$164k (1%)
Belgium$128k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Canada WERE (2021 - 2022):
China-$1.13M (-100%)
France-$303k (-98.4%)
United States-$294k (-12.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Textile Fiber Machinery were:
China $1.08B
Japan $807M
Germany $702M
In 2022, Canada's main importing competitors in Textile Fiber Machinery were:
China $687M
Turkey $654M
India $547M

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Trade Value of Textile Fiber Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $950k
TOP IMPORT POTENTIALChina+ $962k

Textile Fiber Machinery’s highest export potential is United States. With an export gap of $950k.   Textile Fiber Machinery’s highest import potential is China with an import gap of $962k.

See methodology.

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