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2022
Exports $19.3MWorld Rnk 5 / 113
Flag Rnk 679 / 1210
2022
Destination $3.38M United States
2021 - 2022
FASTEST GROWING MARKET $3.38MUnited States
2022
Imports $12.1MWorld Rnk 9 / 161
Flag Rnk 926 / 1213
2022
Origin $1.47M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.47MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $19.3M in Parachutes, making it the 5th largest exporter of Parachutes in the world. At the same year, Parachutes was the 679th most exported product in Canada. The main destination of Parachutes exports from Canada are: United States ($16.3M), Norway ($1.3M), Canada ($1.18M), Singapore ($86.5k), and Japan ($85.2k).

The fastest growing export markets for Parachutes of Canada between 2021 and 2022 were United States ($3.38M), Norway ($1.3M), and Canada ($1.13M).

Imports In 2022, Canada imported $12.1M in Parachutes, becoming the 9th largest importer of Parachutes in the world. At the same year, Parachutes was the 926th most imported product in Canada. Canada imports Parachutes primarily from: United States ($7.59M), Canada ($1.18M), United Kingdom ($1.03M), Vietnam ($428k), and Germany ($319k).

The fastest growing import markets in Parachutes for Canada between 2021 and 2022 were United States ($1.47M), Canada ($1.13M), and United Kingdom ($700k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Parachutes exports accounted up to C$4.6M and imports accounted up to C$831k, resulting in a positive trade balance of C$3.77M. Between June 2023 and June 2024 the exports of Canada's   Parachutes have increased by C$1.22M (36%) from C$3.38M to C$4.6M, while imports decreased by C$-520k (-38.5%) from C$1.35M to C$831k.

Destinations In June 2024, Parachutes were exported mostly to United States (C$4.22M), Denmark (C$168k), Singapore (C$111k), France (C$68.1k), and Germany (C$19.2k), and were imported mostly from United States (C$636k), Chinese Taipei (C$44.6k), Vietnam (C$35k), Austria (C$31.3k), and Thailand (C$22.2k).

Growth In June 2024, the increase in Parachutes's year-by-year exports was explained primarily by an increase in exports to United States (C$111k or 6.58%). In June 2024, the decrease in Parachutes's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-407k or -79.2%), China (C$-26.2k or -96.3%), and Thailand (C$-2.53k or -25.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.22M(36%)
IMPORT GROWTH (June 2023 - June 2024)C$-520k(-38.5%)
MAIN EXPORTER (June 2024)OntarioC$4.87M
MAIN DESTINATION (June 2024)United StatesC$4.22M

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.3M
IMPORTS (2022)$12.1M
NET TRADE (2022)$7.17M

In 2022, Canada exported $19.3M in Parachutes. The main destinations of Canada exports on Parachutes were United States ($16.3M), Norway ($1.3M), Canada ($1.18M), Singapore ($86.5k), and Japan ($85.2k).

In 2022, Canada imported $12.1M in Parachutes, mainly from United States ($7.59M), Canada ($1.18M), United Kingdom ($1.03M), Vietnam ($428k), and Germany ($319k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$3.38M (26%)
Norway$1.3M (1%)
Canada$1.13M (2.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY Canada WERE (2021 - 2022):
Indonesia-$1.35M (-100%)
France-$241k (-92%)
South Africa-$48.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Parachutes were:
United States $127M
Vietnam $37.5M
United Kingdom $29.9M
In 2022, Canada's main importing competitors in Parachutes were:
United States $57.3M
France $43.1M
Germany $39.7M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $96.8k
TOP IMPORT POTENTIALUnited States+ $1.32M

Parachutes’s highest export potential is United Kingdom. With an export gap of $96.8k.   Parachutes’s highest import potential is United States with an import gap of $1.32M.

See methodology.

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