2022
Exports
$24.5MWorld Rnk 24 / 142
Flag Rnk 638 / 1210
2022
PRODUCT COMPLEXITY IN Tool Plates
1.66Rnk 31 / 1025
2022
Imports
$168MWorld Rnk 9 / 188
Flag Rnk 453 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $24.5M in Tool Plates, making it the 24th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 638th most exported product in Canada. The main destination of Tool Plates exports from Canada are: United States ($17.4M), China ($2.99M), Mexico ($2.07M), Canada ($322k), and Australia ($234k).

The fastest growing export markets for Tool Plates of Canada between 2021 and 2022 were United States ($932k), Mexico ($382k), and Thailand ($88.2k).

Imports In 2022, Canada imported $168M in Tool Plates, becoming the 9th largest importer of Tool Plates in the world. At the same year, Tool Plates was the 453rd most imported product in Canada. Canada imports Tool Plates primarily from: United States ($104M), China ($17.6M), Germany ($14.8M), Israel ($9.84M), and Japan ($7.14M).

The fastest growing import markets in Tool Plates for Canada between 2021 and 2022 were United States ($13.8M), Germany ($11.3M), and China ($3.7M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$703k(42.1%)
IMPORT GROWTH (July 2023 - July 2024)C$479k(3.6%)
MAIN EXPORTER (July 2024)British ColumbiaC$2.55M
MAIN DESTINATION (July 2024)United StatesC$1.65M

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.5M
IMPORTS (2022)$168M
NET TRADE (2022)-$143M

In 2022, Canada exported $24.5M in Tool Plates. The main destinations of Canada exports on Tool Plates were United States ($17.4M), China ($2.99M), Mexico ($2.07M), Canada ($322k), and Australia ($234k).

In 2022, Canada imported $168M in Tool Plates, mainly from United States ($104M), China ($17.6M), Germany ($14.8M), Israel ($9.84M), and Japan ($7.14M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$932k (5.65%)
Mexico$382k (22.7%)
Thailand$88.2k (804%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY Canada WERE (2021 - 2022):
China-$799k (-21.1%)
Sweden-$205k (-91.4%)
Singapore-$178k (-62.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, Canada's main importing competitors in Tool Plates were:

Explore Visualizations

Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.68M
TOP IMPORT POTENTIALChina+ $3.7M

Tool Plates’s highest export potential is United States. With an export gap of $8.68M.   Tool Plates’s highest import potential is China with an import gap of $3.7M.

See methodology.

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