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2022
Exports $578kWorld Rnk 56 / 84
Flag Rnk 1082 / 1210
2022
Destination $549k United States
2021 - 2022
FASTEST GROWING MARKET $549kUnited States
2022
PRODUCT COMPLEXITY IN Tug Boats-0.93Rnk 819 / 1025
2022
Imports $64MWorld Rnk 9 / 141
Flag Rnk 653 / 1213
2022
Origin $24.7M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $24.7MVietnam
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $578k in Tug Boats, making it the 56th largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 1082nd most exported product in Canada. The main destination of Tug Boats exports from Canada are: United States ($578k) and Philippines ($204).

The fastest growing export markets for Tug Boats of Canada between 2021 and 2022 were United States ($549k) and Philippines ($204).

Imports In 2022, Canada imported $64M in Tug Boats, becoming the 9th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 653rd most imported product in Canada. Canada imports Tug Boats primarily from: Vietnam ($24.7M), Kazakhstan ($21.4M), Turkey ($6.1M), Netherlands ($6.1M), and Russia ($4.35M).

The fastest growing import markets in Tug Boats for Canada between 2021 and 2022 were Vietnam ($24.7M), Kazakhstan ($21.4M), and Netherlands ($4.95M).

Latest Trends

April 2024

About

Overview In April 2024 Canada's Tug Boats exports accounted up to C$800 and imports accounted up to C$24.8M, resulting in a negative trade balance of C$24.8M. Between June 2020 and April 2024 the exports of Canada's   Tug Boats have decreased by C$-85.4k (-99.1%) from C$86.2k to C$800, while imports increased by C$24.8M (63.7k%) from C$38.9k to C$24.8M.

Destinations In April 2024, Tug Boats were exported mostly to , and were imported mostly from Turkey (C$24.8M) and China (C$23k).

Growth In April 2024, the decrease in Tug Boats's year-by-year exports was explained primarily by a decrease in exports to N/A. In July 2024, the increase in Tug Boats's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2020 - April 2024)C$-85.4k(-99.1%)
IMPORT GROWTH (November 2022 - July 2024)C$24.8M(63.7k%)
MAIN EXPORTER (April 2024)British ColumbiaC$163k
MAIN DESTINATION (April 2024)

This section shows Tug Boats'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 Tug Boats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$578k
IMPORTS (2022)$64M
NET TRADE (2022)-$63.4M

In 2022, Canada exported $578k in Tug Boats. The main destinations of Canada exports on Tug Boats were United States ($578k) and Philippines ($204).

In 2022, Canada imported $64M in Tug Boats, mainly from Vietnam ($24.7M), Kazakhstan ($21.4M), Turkey ($6.1M), Netherlands ($6.1M), and Russia ($4.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$549k (1.92k%)
Philippines$204 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Canada WERE (2021 - 2022):
Cyprus-$8.62M (-100%)
Panama-$3.8M (-100%)
United Kingdom-$324k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Tug Boats were:
China $444M
Qatar $340M
Singapore $339M
In 2022, Canada's main importing competitors in Tug Boats were:
United Arab Emirates $453M
India $364M
Singapore $195M

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $63.6k
TOP IMPORT POTENTIALUnited States+ $856k

Tug Boats’s highest export potential is United States. With an export gap of $63.6k.   Tug Boats’s highest import potential is United States with an import gap of $856k.

See methodology.

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