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2022
Exports $8.94MWorld Rnk 26 / 200
Flag Rnk 790 / 1210
2022
Destination $286k United States
2021 - 2022
FASTEST GROWING MARKET $286kUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Wrenches1.67Rnk 30 / 1025
2022
Imports $138MWorld Rnk 4 / 219
Flag Rnk 511 / 1213
2022
Origin $8.71M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.71MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $8.94M in Wrenches, making it the 26th largest exporter of Wrenches in the world. At the same year, Wrenches was the 790th most exported product in Canada. The main destination of Wrenches exports from Canada are: United States ($4.34M), Netherlands ($401k), United Arab Emirates ($319k), Canada ($260k), and Australia ($259k).

The fastest growing export markets for Wrenches of Canada between 2021 and 2022 were United Arab Emirates ($286k), Netherlands ($232k), and India ($88.8k).

Imports In 2022, Canada imported $138M in Wrenches, becoming the 4th largest importer of Wrenches in the world. At the same year, Wrenches was the 511th most imported product in Canada. Canada imports Wrenches primarily from: United States ($60.3M), China ($50.6M), Chinese Taipei ($18.2M), India ($1.96M), and Germany ($1.58M).

The fastest growing import markets in Wrenches for Canada between 2021 and 2022 were United States ($8.71M), China ($6.66M), and India ($739k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (4) and LG Electronics (2) were at the forefront of shipping Wrenches from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Wrenches exports accounted up to C$319k and imports accounted up to C$18.3M, resulting in a negative trade balance of C$18M. Between September 2023 and September 2024 the exports of Canada's   Wrenches have decreased by C$-920k (-74.3%) from C$1.24M to C$319k, while imports decreased by C$-4.11M (-18.3%) from C$22.4M to C$18.3M.

Destinations In September 2024, Wrenches were exported mostly to United States (C$209k), Kazakhstan (C$28.9k), Mexico (C$15.6k), Brazil (C$10.9k), and United Kingdom (C$10.2k), and were imported mostly from China (C$5.8M), United States (C$5.22M), Chinese Taipei (C$5.05M), Germany (C$689k), and Vietnam (C$453k).

Growth In September 2024, the decrease in Wrenches's year-by-year exports was explained primarily by a decrease in exports to Australia (C$-44k or -92%), France (C$-23.6k or -98.8%), and Cuba (C$-9.78k or -98.7%). In September 2024, the decrease in Wrenches's year-by-year imports was explained primarily by a decrease in imports from Australia (C$-14.9k or -93.2%), Italy (C$-10.5k or -22.7%), and Sweden (C$-10.4k or -15.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-920k(-74.3%)
IMPORT GROWTH (September 2023 - September 2024)C$-4.11M(-18.3%)
MAIN EXPORTER (September 2024)OntarioC$618k
MAIN DESTINATION (September 2024)United StatesC$209k

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 (2022)$8.94M
IMPORTS (2022)$138M
NET TRADE (2022)-$129M

In 2022, Canada exported $8.94M in Wrenches. The main destinations of Canada exports on Wrenches were United States ($4.34M), Netherlands ($401k), United Arab Emirates ($319k), Canada ($260k), and Australia ($259k).

In 2022, Canada imported $138M in Wrenches, mainly from United States ($60.3M), China ($50.6M), Chinese Taipei ($18.2M), India ($1.96M), and Germany ($1.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Arab Emirates$286k (869%)
Netherlands$232k (137%)
India$88.8k (596%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Canada WERE (2021 - 2022):
United States-$1.28M (-22.8%)
Russia-$231k (-99.5%)
Liberia-$224k (-49.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Wrenches were:
China $1.41B
Chinese Taipei $1.02B
Germany $349M
In 2022, Canada's main importing competitors in Wrenches were:
United States $923M
Germany $325M
France $152M

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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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