2023
Exports
$9.14MWorld Rnk 27 / 196
Flag Rnk 752 / 1212
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$142MWorld Rnk 4 / 221
Flag Rnk 480 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $9.14M in Wrenches, making it the 27th largest exporter of Wrenches in the world. At the same year, Wrenches was the 752nd most exported product in Canada. The main destination of Wrenches exports from Canada are: United States ($4.66M), United Arab Emirates ($377k), Germany ($331k), Mexico ($325k), and Kazakhstan ($322k).

The fastest growing export markets for Wrenches of Canada between 2022 and 2023 were United States ($1.49M), Kazakhstan ($271k), and Germany ($136k).

Imports In 2023, Canada imported $142M in Wrenches, becoming the 4th largest importer of Wrenches in the world. At the same year, Wrenches was the 480th most imported product in Canada. Canada imports Wrenches primarily from: United States ($53.7M), China ($42.9M), Chinese Taipei ($28.3M), Germany ($4.7M), and Japan ($2.55M).

The fastest growing import markets in Wrenches for Canada between 2022 and 2023 were United States ($9.62M), Chinese Taipei ($3.17M), and Germany ($1.59M).

COMPANIES In 2024, leading companies such as Celebrity Cruises (2) were at the forefront of shipping Wrenches from Canada to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-3.95k(-0.66%)
IMPORT GROWTH (December 2023 - December 2024)C$-2M(-11.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$350k

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.14M
IMPORTS (2023)$142M
NET TRADE (2023)-$132M

In 2023, Canada exported $9.14M in Wrenches. The main destinations of Canada exports on Wrenches were United States ($4.66M), United Arab Emirates ($377k), Germany ($331k), Mexico ($325k), and Kazakhstan ($322k).

In 2023, Canada imported $142M in Wrenches, mainly from United States ($53.7M), China ($42.9M), Chinese Taipei ($28.3M), Germany ($4.7M), and Japan ($2.55M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$1.49M (47.1%)
Kazakhstan$271k (528%)
Germany$136k (70%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Canada WERE (2022 - 2023):
Netherlands-$241k (-58.2%)
Liberia-$223k (-99%)
Spain-$117k (-61.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.3M
TOP IMPORT POTENTIALIndia+ $1.94M

Wrenches’s highest export potential is United States. With an export gap of $3.3M.   Wrenches’s highest import potential is India with an import gap of $1.94M.

See methodology.

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