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2022
Exports $667MWorld Rnk 12 / 214
Flag Rnk 135 / 1210
2022
Destination $41.4M United States
2021 - 2022
FASTEST GROWING MARKET $41.4MUnited States
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $824MWorld Rnk 13 / 223
Flag Rnk 146 / 1213
2022
Origin $82.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $82.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $667M in Thermostats, making it the 12th largest exporter of Thermostats in the world. At the same year, Thermostats was the 135th most exported product in Canada. The main destination of Thermostats exports from Canada are: United States ($513M), Germany ($21M), China ($17.2M), France ($14M), and United Kingdom ($13.2M).

The fastest growing export markets for Thermostats of Canada between 2021 and 2022 were United States ($41.4M), United Kingdom ($5.78M), and Mexico ($5.56M).

Imports In 2022, Canada imported $824M in Thermostats, becoming the 13th largest importer of Thermostats in the world. At the same year, Thermostats was the 146th most imported product in Canada. Canada imports Thermostats primarily from: United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

The fastest growing import markets in Thermostats for Canada between 2021 and 2022 were United States ($82.1M), Mexico ($18.4M), and Malaysia ($9.85M).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Thermostats exports accounted up to C$88.2M and imports accounted up to C$84.4M, resulting in a positive trade balance of C$3.71M. Between September 2023 and September 2024 the exports of Canada's   Thermostats have increased by C$13M (17.3%) from C$75.1M to C$88.2M, while imports decreased by C$-8.38M (-9.03%) from C$92.8M to C$84.4M.

Destinations In September 2024, Thermostats were exported mostly to United States (C$56.7M), United Kingdom (C$12.7M), China (C$4.54M), Germany (C$2.59M), and France (C$1.92M), and were imported mostly from United States (C$44.7M), Mexico (C$11.4M), China (C$8.72M), Germany (C$3.61M), and Malaysia (C$3.53M).

Growth In September 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to France (C$758k or 205%), Austria (C$740k or 281%), and United States (C$696k or 1.48%). In September 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Japan (C$-2.32M or -66%), Malaysia (C$-478k or -11.1%), and Chinese Taipei (C$-417k or -65.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$13M(17.3%)
IMPORT GROWTH (September 2023 - September 2024)C$-8.38M(-9.03%)
MAIN EXPORTER (September 2024)OntarioC$61.5M
MAIN DESTINATION (September 2024)United StatesC$56.7M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$667M
IMPORTS (2022)$824M
NET TRADE (2022)-$157M

In 2022, Canada exported $667M in Thermostats. The main destinations of Canada exports on Thermostats were United States ($513M), Germany ($21M), China ($17.2M), France ($14M), and United Kingdom ($13.2M).

In 2022, Canada imported $824M in Thermostats, mainly from United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$41.4M (8.77%)
United Kingdom$5.78M (77.5%)
Mexico$5.56M (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Canada WERE (2021 - 2022):
India-$2.82M (-25.1%)
Nigeria-$1.54M (-99.7%)
Russia-$1.18M (-98.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Canada's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135M
TOP IMPORT POTENTIALUnited States+ $53.4M

Thermostats’s highest export potential is United States. With an export gap of $135M.   Thermostats’s highest import potential is United States with an import gap of $53.4M.

See methodology.

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