2023
Exports
$764MWorld Rnk 11 / 207
Flag Rnk 119 / 1212
2023
PRODUCT COMPLEXITY IN Thermostats
1.17Rnk 113 / 1025
2023
Imports
$861MWorld Rnk 14 / 223
Flag Rnk 131 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $764M in Thermostats, making it the 11th largest exporter of Thermostats in the world. At the same year, Thermostats was the 119th most exported product in Canada. The main destination of Thermostats exports from Canada are: United States ($564M), Australia ($29.1M), Germany ($20.5M), United Kingdom ($19.8M), and China ($18.3M).

The fastest growing export markets for Thermostats of Canada between 2022 and 2023 were United States ($55.5M), Australia ($16M), and United Arab Emirates ($4.18M).

Imports In 2023, Canada imported $861M in Thermostats, becoming the 14th largest importer of Thermostats in the world. At the same year, Thermostats was the 131st most imported product in Canada. Canada imports Thermostats primarily from: United States ($474M), Mexico ($103M), China ($71.3M), Malaysia ($44.2M), and France ($21.7M).

The fastest growing import markets in Thermostats for Canada between 2022 and 2023 were United States ($66.6M), Italy ($14.1M), and Thailand ($5.92M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$4.41M(6.11%)
IMPORT GROWTH (December 2023 - December 2024)C$-734k(-0.82%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$61.9M

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 (2023)$764M
IMPORTS (2023)$861M
NET TRADE (2023)-$97.1M

In 2023, Canada exported $764M in Thermostats. The main destinations of Canada exports on Thermostats were United States ($564M), Australia ($29.1M), Germany ($20.5M), United Kingdom ($19.8M), and China ($18.3M).

In 2023, Canada imported $861M in Thermostats, mainly from United States ($474M), Mexico ($103M), China ($71.3M), Malaysia ($44.2M), and France ($21.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$55.5M (10.9%)
Australia$16M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Canada WERE (2022 - 2023):
South Korea-$10.4M (-81.5%)
Japan-$7.75M (-77.7%)
Brazil-$5.91M (-58%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Thermostats were:
In 2023, Canada's main importing competitors in Thermostats were:

Explore Visualizations

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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