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2023
Exports $1.7MWorld Rnk 35 / 187
Flag Rnk 957 / 1212
2023
Destination $848k Colombia
2022 - 2023
FASTEST GROWING MARKET $848kColombia
2023
PRODUCT COMPLEXITY IN Tool Sets1.14Rnk 126 / 1025
2023
Imports $17.7MWorld Rnk 18 / 219
Flag Rnk 863 / 1211
2023
Origin $672k United States
2022 - 2023
FASTEST GROWING ORIGIN $672kDenmark
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.7M in Tool Sets, making it the 35th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 957th most exported product in Canada. The main destination of Tool Sets exports from Canada are: Colombia ($854k), Turkey ($121k), Malaysia ($68.1k), United States ($51.6k), and India ($48.7k).

The fastest growing export markets for Tool Sets of Canada between 2022 and 2023 were Colombia ($848k), Turkey ($117k), and Malaysia ($57.7k).

Imports In 2023, Canada imported $17.7M in Tool Sets, becoming the 18th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 863rd most imported product in Canada. Canada imports Tool Sets primarily from: United States ($6.28M), China ($6.27M), Chinese Taipei ($2.16M), Germany ($1.13M), and Denmark ($680k).

The fastest growing import markets in Tool Sets for Canada between 2022 and 2023 were Denmark ($672k), Germany ($353k), and Austria ($251k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Tool Sets exports accounted up to C$46.9k and imports accounted up to C$1.52M, resulting in a negative trade balance of C$1.48M. Between December 2023 and December 2024 the exports of Canada's   Tool Sets have increased by C$36.9k (369%) from C$10k to C$46.9k, while imports increased by C$47.2k (3.2%) from C$1.48M to C$1.52M.

Destinations In December 2024, Tool Sets were exported mostly to Portugal (C$26.6k), United States (C$19.2k), France (C$400), New Zealand (C$399), and Mexico (C$250), and were imported mostly from China (C$686k), United States (C$520k), Chinese Taipei (C$164k), Germany (C$61k), and Australia (C$49.5k).

Growth In December 2024, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from China (C$130k or 29.8%), Chinese Taipei (C$58.6k or 27.4%), and Austria (C$34.7k or 2.39k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$36.9k(369%)
IMPORT GROWTH (December 2023 - December 2024)C$47.2k(3.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)PortugalC$26.6k

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 (2023)$1.7M
IMPORTS (2023)$17.7M
NET TRADE (2023)-$16M

In 2023, Canada exported $1.7M in Tool Sets. The main destinations of Canada exports on Tool Sets were Colombia ($854k), Turkey ($121k), Malaysia ($68.1k), United States ($51.6k), and India ($48.7k).

In 2023, Canada imported $17.7M in Tool Sets, mainly from United States ($6.28M), China ($6.27M), Chinese Taipei ($2.16M), Germany ($1.13M), and Denmark ($680k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Colombia$848k (15.1k%)
Turkey$117k (2.61k%)
Malaysia$57.7k (551%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Canada WERE (2022 - 2023):
Spain-$1.29M (-99.8%)
Switzerland-$116k (-95.8%)
Slovakia-$105k (-99.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Tool Sets were:
China $606M
Chinese Taipei $158M
Germany $147M
In 2023, Canada's main importing competitors in Tool Sets were:
Germany $114M
Russia $114M
France $93.7M

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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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