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2022
Exports $12.8MWorld Rnk 19 / 152
Flag Rnk 745 / 1210
2022
Destination $215k United States
2021 - 2022
FASTEST GROWING MARKET $215kUnited States
2022
PRODUCT COMPLEXITY IN Granite-1.39Rnk 929 / 1025
2022
Imports $23MWorld Rnk 17 / 197
Flag Rnk 841 / 1213
2022
Origin $2.83M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.83MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $12.8M in Granite, making it the 19th largest exporter of Granite in the world. At the same year, Granite was the 745th most exported product in Canada. The main destination of Granite exports from Canada are: United States ($10.4M), Italy ($833k), China ($608k), Chinese Taipei ($485k), and Japan ($247k).

The fastest growing export markets for Granite of Canada between 2021 and 2022 were United States ($215k), Japan ($163k), and Italy ($50.1k).

Imports In 2022, Canada imported $23M in Granite, becoming the 17th largest importer of Granite in the world. At the same year, Granite was the 841st most imported product in Canada. Canada imports Granite primarily from: United States ($13M), India ($5.41M), China ($2.21M), South Africa ($1.49M), and Belgium ($222k).

The fastest growing import markets in Granite for Canada between 2021 and 2022 were United States ($2.83M), China ($1.92M), and Belgium ($110k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Granite exports accounted up to C$2.25M and imports accounted up to C$2.67M, resulting in a negative trade balance of C$417k. Between August 2023 and August 2024 the exports of Canada's   Granite have increased by C$551k (32.4%) from C$1.7M to C$2.25M, while imports increased by C$945k (54.8%) from C$1.73M to C$2.67M.

Destinations In August 2024, Granite were exported mostly to United States (C$2.2M), Italy (C$40k), and Japan (C$10.6k), and were imported mostly from United States (C$2.09M), India (C$187k), France (C$104k), South Africa (C$61.8k), and Norway (C$54.9k).

Growth In August 2024, the increase in Granite's year-by-year exports was explained primarily by an increase in exports to United States (C$37.5k or 4.39%). In August 2024, the increase in Granite's year-by-year imports was explained primarily by an increase in imports from United States (C$411k or 76.2%) and Australia (C$3.24k or 333%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$551k(32.4%)
IMPORT GROWTH (August 2023 - August 2024)C$945k(54.8%)
MAIN EXPORTER (August 2024)New BrunswickC$1.13M
MAIN DESTINATION (August 2024)United StatesC$2.2M

This section shows Granite'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 Granite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.8M
IMPORTS (2022)$23M
NET TRADE (2022)-$10.2M

In 2022, Canada exported $12.8M in Granite. The main destinations of Canada exports on Granite were United States ($10.4M), Italy ($833k), China ($608k), Chinese Taipei ($485k), and Japan ($247k).

In 2022, Canada imported $23M in Granite, mainly from United States ($13M), India ($5.41M), China ($2.21M), South Africa ($1.49M), and Belgium ($222k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$215k (2.11%)
Japan$163k (192%)
Italy$50.1k (6.39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY Canada WERE (2021 - 2022):
China-$1.41M (-69.8%)
Chinese Taipei-$575k (-54.2%)
France-$447k (-99.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Granite were:
India $718M
Brazil $173M
Norway $131M
In 2022, Canada's main importing competitors in Granite were:
China $720M
Italy $177M
United Kingdom $96.3M

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $881k
TOP IMPORT POTENTIALIndia+ $2.45M

Granite’s highest export potential is United States. With an export gap of $881k.   Granite’s highest import potential is India with an import gap of $2.45M.

See methodology.

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