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2022
Exports $183MWorld Rnk 35 / 221
Flag Rnk 301 / 1210
2022
Destination $27M United States
2021 - 2022
FASTEST GROWING MARKET $27MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Men's Suits-1.17Rnk 874 / 1025
2022
Imports $1.08BWorld Rnk 12 / 225
Flag Rnk 112 / 1213
2022
Origin $88.9M Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $88.9MBangladesh
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $183M in Non-Knit Men's Suits, making it the 35th largest exporter of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 301st most exported product in Canada. The main destination of Non-Knit Men's Suits exports from Canada are: United States ($172M), China ($1.66M), South Korea ($1.42M), United Kingdom ($598k), and Italy ($544k).

The fastest growing export markets for Non-Knit Men's Suits of Canada between 2021 and 2022 were United States ($27M), China ($810k), and South Korea ($574k).

Imports In 2022, Canada imported $1.08B in Non-Knit Men's Suits, becoming the 12th largest importer of Non-Knit Men's Suits in the world. At the same year, Non-Knit Men's Suits was the 112th most imported product in Canada. Canada imports Non-Knit Men's Suits primarily from: Bangladesh ($289M), China ($173M), United States ($121M), Vietnam ($98.1M), and Cambodia ($79.1M).

The fastest growing import markets in Non-Knit Men's Suits for Canada between 2021 and 2022 were Bangladesh ($88.9M), China ($46M), and United States ($29.5M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Non-Knit Men's Suits exports accounted up to C$14.1M and imports accounted up to C$92.7M, resulting in a negative trade balance of C$78.6M. Between June 2023 and June 2024 the exports of Canada's   Non-Knit Men's Suits have increased by C$113k (0.8%) from C$14M to C$14.1M, while imports decreased by C$-2.7M (-2.83%) from C$95.4M to C$92.7M.

Destinations In June 2024, Non-Knit Men's Suits were exported mostly to United States (C$14M), Nigeria (C$27.2k), Germany (C$14.3k), Italy (C$13.2k), and Bermuda (C$10.3k), and were imported mostly from Bangladesh (C$24M), China (C$15.8M), Vietnam (C$10.1M), Cambodia (C$6.57M), and Mexico (C$5.94M).

Growth In June 2024, the increase in Non-Knit Men's Suits's year-by-year exports was explained primarily by an increase in exports to United States (C$1.82M or 17.6%), United Kingdom (C$52.1k or 221%), and United Arab Emirates (C$36.3k or 1.87k%). In June 2024, the decrease in Non-Knit Men's Suits's year-by-year imports was explained primarily by a decrease in imports from United States (C$-1.85M or -55.3%), Burma (C$-173k or -36.9%), and El Salvador (C$-162k or -79.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$113k(0.8%)
IMPORT GROWTH (June 2023 - June 2024)C$-2.7M(-2.83%)
MAIN EXPORTER (June 2024)QuebecC$18.4M
MAIN DESTINATION (June 2024)United StatesC$14M

This section shows Non-Knit Men's Suits'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 Non-Knit Men's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$183M
IMPORTS (2022)$1.08B
NET TRADE (2022)-$898M

In 2022, Canada exported $183M in Non-Knit Men's Suits. The main destinations of Canada exports on Non-Knit Men's Suits were United States ($172M), China ($1.66M), South Korea ($1.42M), United Kingdom ($598k), and Italy ($544k).

In 2022, Canada imported $1.08B in Non-Knit Men's Suits, mainly from Bangladesh ($289M), China ($173M), United States ($121M), Vietnam ($98.1M), and Cambodia ($79.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Men's Suits EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$27M (18.6%)
China$810k (95.9%)
South Korea$574k (68%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Men's Suits BY Canada WERE (2021 - 2022):
United Arab Emirates-$819k (-74.5%)
Hong Kong-$357k (-42.6%)
Iceland-$301k (-86.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Non-Knit Men's Suits were:
China $10.7B
Bangladesh $8.82B
Vietnam $3.63B
In 2022, Canada's main importing competitors in Non-Knit Men's Suits were:
United States $10.8B
Germany $5.92B
France $2.37B

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Trade Value of Non-Knit Men's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $91.2M
TOP IMPORT POTENTIALBangladesh+ $64M

Non-Knit Men's Suits’s highest export potential is United States. With an export gap of $91.2M.   Non-Knit Men's Suits’s highest import potential is Bangladesh with an import gap of $64M.

See methodology.

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