2022
Exports
$1.2BWorld Rnk 18 / 224
Flag Rnk 78 / 1210
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$3.8BWorld Rnk 5 / 224
Flag Rnk 22 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

The fastest growing export markets for Valves of Canada between 2021 and 2022 were United States ($160M), Mexico ($23M), and Canada ($19.5M).

Imports In 2022, Canada imported $3.8B in Valves, becoming the 5th largest importer of Valves in the world. At the same year, Valves was the 22nd most imported product in Canada. Canada imports Valves primarily from: United States ($2.33B), China ($656M), Germany ($113M), Mexico ($106M), and Italy ($92.1M).

The fastest growing import markets in Valves for Canada between 2021 and 2022 were United States ($333M), China ($123M), and Mexico ($47.6M).

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

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-16.9M(-13.7%)
IMPORT GROWTH (June 2023 - June 2024)C$16.6M(3.78%)
MAIN EXPORTER (June 2024)OntarioC$53.3M
MAIN DESTINATION (June 2024)United StatesC$85.1M

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 (2022)$1.2B
IMPORTS (2022)$3.8B
NET TRADE (2022)-$2.6B

In 2022, Canada imported $3.8B in Valves, mainly from United States ($2.33B), China ($656M), Germany ($113M), Mexico ($106M), and Italy ($92.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$160M (24.9%)
Mexico$23M (272%)
Canada$19.5M (32%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Canada WERE (2021 - 2022):
China-$14.5M (-28.5%)
United Arab Emirates-$7.67M (-46.3%)
Russia-$5.94M (-86.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Valves were:
In 2022, Canada's main importing competitors in Valves were:

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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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