2023
Exports
$1.12BWorld Rnk 20 / 223
Flag Rnk 82 / 1212
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$3.66BWorld Rnk 6 / 226
Flag Rnk 20 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.12B in Valves, making it the 20th largest exporter of Valves in the world. At the same year, Valves was the 82nd most exported product in Canada. The main destination of Valves exports from Canada are: United States ($776M), China ($29.8M), Mexico ($29.1M), United Kingdom ($23.7M), and Brazil ($16M).

The fastest growing export markets for Valves of Canada between 2022 and 2023 were United States ($63.8M), United Kingdom ($8.75M), and Brazil ($7.61M).

Imports In 2023, Canada imported $3.66B in Valves, becoming the 6th largest importer of Valves in the world. At the same year, Valves was the 20th most imported product in Canada. Canada imports Valves primarily from: United States ($2.01B), China ($599M), Mexico ($215M), Germany ($144M), and Italy ($108M).

The fastest growing import markets in Valves for Canada between 2022 and 2023 were United States ($59.4M), South Korea ($10.3M), and Spain ($8.82M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (2) and Mazda (1) were at the forefront of shipping Valves from Canada to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$3.19M(2.9%)
IMPORT GROWTH (November 2023 - November 2024)C$-30.1M(-7.24%)
MAIN EXPORTER (November 2024)OntarioC$53.3M
MAIN DESTINATION (November 2024)United StatesC$89.9M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.12B
IMPORTS (2023)$3.66B
NET TRADE (2023)-$2.54B

In 2023, Canada exported $1.12B in Valves. The main destinations of Canada exports on Valves were United States ($776M), China ($29.8M), Mexico ($29.1M), United Kingdom ($23.7M), and Brazil ($16M).

In 2023, Canada imported $3.66B in Valves, mainly from United States ($2.01B), China ($599M), Mexico ($215M), Germany ($144M), and Italy ($108M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$63.8M (8.97%)
United Kingdom$8.75M (58.6%)
Brazil$7.61M (90.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Canada WERE (2022 - 2023):
China-$11.4M (-27.6%)
Mexico-$11M (-27.4%)
Spain-$9.93M (-77.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $323M
TOP IMPORT POTENTIALChina+ $153M

Valves’s highest export potential is United States. With an export gap of $323M.   Valves’s highest import potential is China with an import gap of $153M.

See methodology.

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