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2022
Exports $1.02BWorld Rnk 13 / 209
Flag Rnk 89 / 1210
2022
Destination $181M United States
2021 - 2022
FASTEST GROWING MARKET $181MUnited States
2022
PRODUCT COMPLEXITY IN Other Heating Machinery1.15Rnk 116 / 1025
2022
Imports $2.05BWorld Rnk 4 / 225
Flag Rnk 51 / 1213
2022
Origin $229M United States
2021 - 2022
FASTEST GROWING ORIGIN $229MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.02B in Other Heating Machinery, making it the 13th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 89th most exported product in Canada. The main destination of Other Heating Machinery exports from Canada are: United States ($847M), China ($19.5M), Germany ($15.5M), Canada ($12.6M), and United Kingdom ($12.3M).

The fastest growing export markets for Other Heating Machinery of Canada between 2021 and 2022 were United States ($181M), India ($4.9M), and Brazil ($3.53M).

Imports In 2022, Canada imported $2.05B in Other Heating Machinery, becoming the 4th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 51st most imported product in Canada. Canada imports Other Heating Machinery primarily from: United States ($1.09B), China ($316M), Italy ($102M), Singapore ($88.7M), and Germany ($65M).

The fastest growing import markets in Other Heating Machinery for Canada between 2021 and 2022 were China ($229M), United States ($136M), and Singapore ($84.8M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Other Heating Machinery exports accounted up to C$133M and imports accounted up to C$259M, resulting in a negative trade balance of C$126M. Between August 2023 and August 2024 the exports of Canada's   Other Heating Machinery have increased by C$15.4M (13.1%) from C$118M to C$133M, while imports increased by C$36.6M (16.4%) from C$223M to C$259M.

Destinations In August 2024, Other Heating Machinery were exported mostly to United States (C$108M), Argentina (C$8.46M), Finland (C$1.89M), India (C$1.78M), and Hong Kong (C$1.64M), and were imported mostly from United States (C$152M), China (C$28.6M), Mexico (C$8.84M), Japan (C$8.34M), and Germany (C$8.23M).

Growth In August 2024, the increase in Other Heating Machinery's year-by-year exports was explained primarily by an increase in exports to United States (C$72.3M or 126%), Brazil (C$1.27M or 527%), and United Arab Emirates (C$1.02M or 2.2k%). In August 2024, the increase in Other Heating Machinery's year-by-year imports was explained primarily by an increase in imports from China (C$436M or 2.7k%), Italy (C$134M or 2.52k%), and United States (C$8.96M or 9.92%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$15.4M(13.1%)
IMPORT GROWTH (August 2023 - August 2024)C$36.6M(16.4%)
MAIN EXPORTER (August 2024)OntarioC$83M
MAIN DESTINATION (August 2024)United StatesC$108M

This section shows Other Heating Machinery'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 Other Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.02B
IMPORTS (2022)$2.05B
NET TRADE (2022)-$1.03B

In 2022, Canada exported $1.02B in Other Heating Machinery. The main destinations of Canada exports on Other Heating Machinery were United States ($847M), China ($19.5M), Germany ($15.5M), Canada ($12.6M), and United Kingdom ($12.3M).

In 2022, Canada imported $2.05B in Other Heating Machinery, mainly from United States ($1.09B), China ($316M), Italy ($102M), Singapore ($88.7M), and Germany ($65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$181M (27.2%)
India$4.9M (133%)
Brazil$3.53M (205%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Canada WERE (2021 - 2022):
United Kingdom-$11.3M (-47.8%)
Indonesia-$7.18M (-87%)
Morocco-$5.73M (-97%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Other Heating Machinery were:
China $8.12B
Germany $5.79B
United States $4.51B
In 2022, Canada's main importing competitors in Other Heating Machinery were:
United States $7.45B
Germany $3.38B
China $2.56B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $209M
TOP IMPORT POTENTIALUnited States+ $59.1M

Other Heating Machinery’s highest export potential is United States. With an export gap of $209M.   Other Heating Machinery’s highest import potential is United States with an import gap of $59.1M.

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