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Pricing

2022
Exports $64.9MWorld Rnk 25 / 206
Flag Rnk 454 / 1210
2022
Destination $2.06M United States
2021 - 2022
FASTEST GROWING MARKET $2.06MBelgium
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2022
Imports $325MWorld Rnk 5 / 224
Flag Rnk 306 / 1213
2022
Origin $7.84M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.84MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $64.9M in Motor-working Tools, making it the 25th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 454th most exported product in Canada. The main destination of Motor-working Tools exports from Canada are: United States ($26.2M), Brazil ($5.58M), Sweden ($4.86M), Belgium ($2.96M), and Australia ($1.72M).

The fastest growing export markets for Motor-working Tools of Canada between 2021 and 2022 were Belgium ($2.06M), Sweden ($1.39M), and Brazil ($715k).

Imports In 2022, Canada imported $325M in Motor-working Tools, becoming the 5th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 306th most imported product in Canada. Canada imports Motor-working Tools primarily from: United States ($162M), China ($53.4M), Germany ($36.8M), Chinese Taipei ($30M), and Sweden ($8.6M).

The fastest growing import markets in Motor-working Tools for Canada between 2021 and 2022 were United States ($7.84M), Germany ($4.9M), and Chinese Taipei ($4.46M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Motor-working Tools exports accounted up to C$10.7M and imports accounted up to C$129M, resulting in a negative trade balance of C$119M. Between June 2023 and June 2024 the exports of Canada's   Motor-working Tools have increased by C$3.74M (53.4%) from C$6.99M to C$10.7M, while imports increased by C$6.27M (5.1%) from C$123M to C$129M.

Destinations In June 2024, Motor-working Tools were exported mostly to United States (C$4.73M), Netherlands (C$1.32M), Brazil (C$733k), Australia (C$646k), and Germany (C$455k), and were imported mostly from China (C$45.3M), Vietnam (C$30M), United States (C$15.8M), Mexico (C$15.6M), and Germany (C$3.64M).

Growth In June 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to United States (C$1.38M or 70%), Belgium (C$219k or 356%), and Brazil (C$157k or 41.7%). In June 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from United States (C$4.68M or 28%), Germany (C$4.14M or 72.2%), and Vietnam (C$3.97M or 27.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$3.74M(53.4%)
IMPORT GROWTH (June 2023 - June 2024)C$6.27M(5.1%)
MAIN EXPORTER (June 2024)British ColumbiaC$5.78M
MAIN DESTINATION (June 2024)United StatesC$4.73M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.9M
IMPORTS (2022)$325M
NET TRADE (2022)-$260M

In 2022, Canada exported $64.9M in Motor-working Tools. The main destinations of Canada exports on Motor-working Tools were United States ($26.2M), Brazil ($5.58M), Sweden ($4.86M), Belgium ($2.96M), and Australia ($1.72M).

In 2022, Canada imported $325M in Motor-working Tools, mainly from United States ($162M), China ($53.4M), Germany ($36.8M), Chinese Taipei ($30M), and Sweden ($8.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Belgium$2.06M (232%)
Sweden$1.39M (40.1%)
Brazil$715k (14.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Canada WERE (2021 - 2022):
United States-$3.8M (-12.7%)
United Kingdom-$757k (-55.4%)
Kenya-$526k (-72.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Motor-working Tools were:
China $3.37B
Germany $1.3B
Chinese Taipei $897M
In 2022, Canada's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

Explore Visualizations

Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $49.4M
TOP IMPORT POTENTIALChina+ $37.4M

Motor-working Tools’s highest export potential is United States. With an export gap of $49.4M.   Motor-working Tools’s highest import potential is China with an import gap of $37.4M.

See methodology.

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