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2022
Exports $3.58MWorld Rnk 31 / 184
Flag Rnk 905 / 1210
2022
Destination $1.29M Spain
2021 - 2022
FASTEST GROWING MARKET $1.29MSpain
2022
PRODUCT COMPLEXITY IN Tool Sets0.9Rnk 208 / 1025
2022
Imports $29.3MWorld Rnk 14 / 218
Flag Rnk 806 / 1213
2022
Origin $814k China
2021 - 2022
FASTEST GROWING ORIGIN $814kChinese Taipei
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $3.58M in Tool Sets, making it the 31st largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 905th most exported product in Canada. The main destination of Tool Sets exports from Canada are: Spain ($1.29M), Peru ($509k), Germany ($394k), United States ($365k), and Cuba ($204k).

The fastest growing export markets for Tool Sets of Canada between 2021 and 2022 were Spain ($1.29M), Peru ($507k), and Germany ($372k).

Imports In 2022, Canada imported $29.3M in Tool Sets, becoming the 14th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 806th most imported product in Canada. Canada imports Tool Sets primarily from: China ($14.3M), United States ($10M), Chinese Taipei ($3.19M), Germany ($365k), and Vietnam ($246k).

The fastest growing import markets in Tool Sets for Canada between 2021 and 2022 were Chinese Taipei ($814k), United States ($457k), and Vietnam ($244k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Tool Sets exports accounted up to C$73.6k and imports accounted up to C$3.51M, resulting in a negative trade balance of C$3.44M. Between August 2023 and August 2024 the exports of Canada's   Tool Sets have decreased by C$-20.1k (-21.5%) from C$93.7k to C$73.6k, while imports increased by C$1.36M (62.9%) from C$2.16M to C$3.51M.

Destinations In August 2024, Tool Sets were exported mostly to Germany (C$38.8k), United States (C$29.9k), Mexico (C$4.43k), Saint Vincent and the Grenadines (C$300), and France (C$221), and were imported mostly from United States (C$2.44M), China (C$680k), Chinese Taipei (C$162k), Germany (C$67.3k), and United Kingdom (C$60.8k).

Growth In August 2024, the decrease in Tool Sets's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from Denmark (C$71.9k or 6.27k%), Chinese Taipei (C$47.5k or 28.5%), and Germany (C$37.2k or 58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-20.1k(-21.5%)
IMPORT GROWTH (August 2023 - August 2024)C$1.36M(62.9%)
MAIN EXPORTER (August 2024)OntarioC$121k
MAIN DESTINATION (August 2024)GermanyC$38.8k

This section shows Tool Sets'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 Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.58M
IMPORTS (2022)$29.3M
NET TRADE (2022)-$25.8M

In 2022, Canada exported $3.58M in Tool Sets. The main destinations of Canada exports on Tool Sets were Spain ($1.29M), Peru ($509k), Germany ($394k), United States ($365k), and Cuba ($204k).

In 2022, Canada imported $29.3M in Tool Sets, mainly from China ($14.3M), United States ($10M), Chinese Taipei ($3.19M), Germany ($365k), and Vietnam ($246k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Spain$1.29M (277k%)
Peru$507k (25.8k%)
Germany$372k (1.73k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Canada WERE (2021 - 2022):
Saudi Arabia-$1.88M (-99.7%)
United States-$245k (-40.1%)
Finland-$160k (-98.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Tool Sets were:
China $777M
Chinese Taipei $222M
Germany $143M
In 2022, Canada's main importing competitors in Tool Sets were:
Germany $157M
United States $150M
Netherlands $104M

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $488k
TOP IMPORT POTENTIALUnited States+ $376k

Tool Sets’s highest export potential is United States. With an export gap of $488k.   Tool Sets’s highest import potential is United States with an import gap of $376k.

See methodology.

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