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2022
Exports $53.8MWorld Rnk 10 / 183
Flag Rnk 484 / 1210
2022
Destination $7.56M United States
2021 - 2022
FASTEST GROWING MARKET $7.56MUnited States
2022
PRODUCT COMPLEXITY IN Basketwork-1.47Rnk 944 / 1025
2022
Imports $57.7MWorld Rnk 11 / 216
Flag Rnk 676 / 1213
2022
Origin $238k China
2021 - 2022
FASTEST GROWING ORIGIN $238kFrance
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $53.8M in Basketwork, making it the 10th largest exporter of Basketwork in the world. At the same year, Basketwork was the 484th most exported product in Canada. The main destination of Basketwork exports from Canada are: United States ($53.4M), Mexico ($105k), Canada ($90.7k), Morocco ($69.7k), and United Arab Emirates ($31.6k).

The fastest growing export markets for Basketwork of Canada between 2021 and 2022 were United States ($7.56M), Mexico ($105k), and Morocco ($69.7k).

Imports In 2022, Canada imported $57.7M in Basketwork, becoming the 11th largest importer of Basketwork in the world. At the same year, Basketwork was the 676th most imported product in Canada. Canada imports Basketwork primarily from: China ($30.5M), Vietnam ($13.3M), United States ($6.81M), Indonesia ($2.59M), and India ($724k).

The fastest growing import markets in Basketwork for Canada between 2021 and 2022 were France ($238k), Kenya ($206k), and Vietnam ($206k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Basketwork exports accounted up to C$226k and imports accounted up to C$3.99M, resulting in a negative trade balance of C$3.76M. Between June 2023 and June 2024 the exports of Canada's   Basketwork have decreased by C$-169k (-42.9%) from C$395k to C$226k, while imports increased by C$552k (16.1%) from C$3.43M to C$3.99M.

Destinations In June 2024, Basketwork were exported mostly to United States (C$226k), and were imported mostly from China (C$2.07M), Vietnam (C$1.01M), India (C$246k), Indonesia (C$127k), and Madagascar (C$116k).

Growth In June 2024, the decrease in Basketwork's year-by-year exports was explained primarily by a decrease in exports to United States (C$-347k or -30.8%). In June 2024, the increase in Basketwork's year-by-year imports was explained primarily by an increase in imports from Vietnam (C$250k or 19.4%), India (C$105k or 401%), and China (C$40.3k or 1.79%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-169k(-42.9%)
IMPORT GROWTH (June 2023 - June 2024)C$552k(16.1%)
MAIN EXPORTER (June 2024)ManitobaC$258k
MAIN DESTINATION (June 2024)United StatesC$226k

This section shows Basketwork'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 Basketwork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$53.8M
IMPORTS (2022)$57.7M
NET TRADE (2022)-$3.89M

In 2022, Canada exported $53.8M in Basketwork. The main destinations of Canada exports on Basketwork were United States ($53.4M), Mexico ($105k), Canada ($90.7k), Morocco ($69.7k), and United Arab Emirates ($31.6k).

In 2022, Canada imported $57.7M in Basketwork, mainly from China ($30.5M), Vietnam ($13.3M), United States ($6.81M), Indonesia ($2.59M), and India ($724k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$7.56M (16.5%)
Mexico$105k (1%)
Morocco$69.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Canada WERE (2021 - 2022):
Spain-$10.3k (-100%)
Guatemala-$8.91k (-64.8%)
Chile-$8.12k (-59.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Basketwork were:
China $1.3B
Vietnam $407M
India $158M
In 2022, Canada's main importing competitors in Basketwork were:
United States $910M
Germany $217M
United Kingdom $161M

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.3M
TOP IMPORT POTENTIALIndonesia+ $1.03M

Basketwork’s highest export potential is United States. With an export gap of $12.3M.   Basketwork’s highest import potential is Indonesia with an import gap of $1.03M.

See methodology.

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