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2022
Exports $12.3MWorld Rnk 33 / 188
Flag Rnk 753 / 1210
2022
Destination $1.34M United States
2021 - 2022
FASTEST GROWING MARKET $1.34MUnited States
2022
PRODUCT COMPLEXITY IN Hand-Woven Rugs-0.91Rnk 811 / 1025
2022
Imports $172MWorld Rnk 6 / 217
Flag Rnk 448 / 1213
2022
Origin $3.04M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.04MEgypt
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $12.3M in Hand-Woven Rugs, making it the 33rd largest exporter of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 753rd most exported product in Canada. The main destination of Hand-Woven Rugs exports from Canada are: United States ($11.7M), Germany ($110k), Japan ($96.8k), China ($75.2k), and Canada ($40.9k).

The fastest growing export markets for Hand-Woven Rugs of Canada between 2021 and 2022 were United States ($1.34M), Germany ($110k), and United Kingdom ($34.9k).

Imports In 2022, Canada imported $172M in Hand-Woven Rugs, becoming the 6th largest importer of Hand-Woven Rugs in the world. At the same year, Hand-Woven Rugs was the 448th most imported product in Canada. Canada imports Hand-Woven Rugs primarily from: United States ($63.3M), Turkey ($45.4M), India ($23.8M), Egypt ($12.6M), and China ($11.4M).

The fastest growing import markets in Hand-Woven Rugs for Canada between 2021 and 2022 were Egypt ($3.04M), Mexico ($309k), and Vietnam ($163k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Hand-Woven Rugs exports accounted up to C$463k and imports accounted up to C$16.5M, resulting in a negative trade balance of C$16.1M. Between June 2023 and June 2024 the exports of Canada's   Hand-Woven Rugs have decreased by C$-582k (-55.7%) from C$1.04M to C$463k, while imports increased by C$1.55M (10.3%) from C$15M to C$16.5M.

Destinations In June 2024, Hand-Woven Rugs were exported mostly to United States (C$458k), China (C$3.64k), and Cuba (C$742), and were imported mostly from Turkey (C$7.76M), India (C$4.1M), China (C$1.8M), United States (C$892k), and Belgium (C$552k).

Growth In June 2024, the decrease in Hand-Woven Rugs's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Hand-Woven Rugs's year-by-year imports was explained primarily by an increase in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-582k(-55.7%)
IMPORT GROWTH (June 2023 - June 2024)C$1.55M(10.3%)
MAIN EXPORTER (June 2024)QuebecC$740k
MAIN DESTINATION (June 2024)United StatesC$458k

This section shows Hand-Woven Rugs'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 Hand-Woven Rugs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.3M
IMPORTS (2022)$172M
NET TRADE (2022)-$160M

In 2022, Canada exported $12.3M in Hand-Woven Rugs. The main destinations of Canada exports on Hand-Woven Rugs were United States ($11.7M), Germany ($110k), Japan ($96.8k), China ($75.2k), and Canada ($40.9k).

In 2022, Canada imported $172M in Hand-Woven Rugs, mainly from United States ($63.3M), Turkey ($45.4M), India ($23.8M), Egypt ($12.6M), and China ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand-Woven Rugs EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$1.34M (12.9%)
Germany$110k (70.9k%)
United Kingdom$34.9k (675%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand-Woven Rugs BY Canada WERE (2021 - 2022):
Cameroon-$20.6k (-96.1%)
Ecuador-$19.3k (-100%)
China-$16.7k (-18.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Hand-Woven Rugs were:
Turkey $2.34B
India $785M
China $584M
In 2022, Canada's main importing competitors in Hand-Woven Rugs were:
United States $1.61B
Germany $392M
Saudi Arabia $218M

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Trade Value of Hand-Woven Rugs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.38M
TOP IMPORT POTENTIALIndia+ $6.55M

Hand-Woven Rugs’s highest export potential is United States. With an export gap of $7.38M.   Hand-Woven Rugs’s highest import potential is India with an import gap of $6.55M.

See methodology.

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