2022
Exports
$26.8MWorld Rnk 13 / 194
Flag Rnk 623 / 1210
2022
PRODUCT COMPLEXITY IN Wood Ornaments
-0.4Rnk 674 / 1025
2022
Imports
$74.7MWorld Rnk 7 / 217
Flag Rnk 629 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $26.8M in Wood Ornaments, making it the 13th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 623rd most exported product in Canada. The main destination of Wood Ornaments exports from Canada are: United States ($24.4M), Canada ($1.41M), Netherlands ($139k), Bermuda ($116k), and South Korea ($103k).

The fastest growing export markets for Wood Ornaments of Canada between 2021 and 2022 were United States ($5.74M), Netherlands ($100k), and South Korea ($82.6k).

Imports In 2022, Canada imported $74.7M in Wood Ornaments, becoming the 7th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 629th most imported product in Canada. Canada imports Wood Ornaments primarily from: China ($50.9M), United States ($7.73M), Vietnam ($4.96M), India ($2.59M), and Canada ($1.41M).

The fastest growing import markets in Wood Ornaments for Canada between 2021 and 2022 were Vietnam ($1.83M), China ($1.57M), and Philippines ($247k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wood Ornaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.8M
IMPORTS (2022)$74.7M
NET TRADE (2022)-$47.9M

In 2022, Canada exported $26.8M in Wood Ornaments. The main destinations of Canada exports on Wood Ornaments were United States ($24.4M), Canada ($1.41M), Netherlands ($139k), Bermuda ($116k), and South Korea ($103k).

In 2022, Canada imported $74.7M in Wood Ornaments, mainly from China ($50.9M), United States ($7.73M), Vietnam ($4.96M), India ($2.59M), and Canada ($1.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$5.74M (30.7%)
Netherlands$100k (260%)
South Korea$82.6k (407%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY Canada WERE (2021 - 2022):
Canada-$449k (-24.1%)
Bermuda-$60.2k (-34.1%)
Chinese Taipei-$58.7k (-94.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Canada's main exporting competitors in Wood Ornaments were:
China $1.65B
Germany $83.5M
In 2022, Canada's main importing competitors in Wood Ornaments were:

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.14M
TOP IMPORT POTENTIALIndia+ $1.63M

Wood Ornaments’s highest export potential is United States. With an export gap of $9.14M.   Wood Ornaments’s highest import potential is India with an import gap of $1.63M.

See methodology.

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