2022
Exports
$667MWorld Rnk 12 / 214
Flag Rnk 135 / 1210
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$824MWorld Rnk 13 / 223
Flag Rnk 146 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

The fastest growing export markets for Thermostats of Canada between 2021 and 2022 were United States ($41.4M), United Kingdom ($5.78M), and Mexico ($5.56M).

Imports In 2022, Canada imported $824M in Thermostats, becoming the 13th largest importer of Thermostats in the world. At the same year, Thermostats was the 146th most imported product in Canada. Canada imports Thermostats primarily from: United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

The fastest growing import markets in Thermostats for Canada between 2021 and 2022 were United States ($82.1M), Mexico ($18.4M), and Malaysia ($9.85M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$17.6M(26%)
IMPORT GROWTH (June 2023 - June 2024)C$-6.56M(-6.73%)
MAIN EXPORTER (June 2024)OntarioC$59.9M
MAIN DESTINATION (June 2024)United StatesC$70M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$667M
IMPORTS (2022)$824M
NET TRADE (2022)-$157M

In 2022, Canada imported $824M in Thermostats, mainly from United States ($494M), China ($64.6M), Japan ($62.9M), Mexico ($50.9M), and Malaysia ($26.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$41.4M (8.77%)
United Kingdom$5.78M (77.5%)
Mexico$5.56M (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Canada WERE (2021 - 2022):
India-$2.82M (-25.1%)
Nigeria-$1.54M (-99.7%)
Russia-$1.18M (-98.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Canada's main importing competitors in Thermostats were:

Explore Visualizations

Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135M
TOP IMPORT POTENTIALUnited States+ $53.4M

Thermostats’s highest export potential is United States. With an export gap of $135M.   Thermostats’s highest import potential is United States with an import gap of $53.4M.

See methodology.

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