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2022
Exports $12.7MWorld Rnk 24 / 155
Flag Rnk 747 / 1210
2022
Destination $1.83M United States
2021 - 2022
FASTEST GROWING MARKET $1.83MUnited States
2022
PRODUCT COMPLEXITY IN Stone Working Machines1.13Rnk 125 / 1025
2022
Imports $104MWorld Rnk 5 / 213
Flag Rnk 558 / 1213
2022
Origin $4.45M United States
2021 - 2022
FASTEST GROWING ORIGIN $4.45MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $12.7M in Stone Working Machines, making it the 24th largest exporter of Stone Working Machines in the world. At the same year, Stone Working Machines was the 747th most exported product in Canada. The main destination of Stone Working Machines exports from Canada are: United States ($11.1M), India ($515k), China ($193k), Colombia ($161k), and Nigeria ($86.8k).

The fastest growing export markets for Stone Working Machines of Canada between 2021 and 2022 were United States ($1.83M), India ($463k), and China ($147k).

Imports In 2022, Canada imported $104M in Stone Working Machines, becoming the 5th largest importer of Stone Working Machines in the world. At the same year, Stone Working Machines was the 558th most imported product in Canada. Canada imports Stone Working Machines primarily from: United States ($34.5M), Italy ($32.2M), China ($17.7M), Sweden ($4.55M), and Bulgaria ($3.44M).

The fastest growing import markets in Stone Working Machines for Canada between 2021 and 2022 were China ($4.45M), United States ($2.64M), and Italy ($2.47M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Stone Working Machines exports accounted up to C$235k and imports accounted up to C$10.6M, resulting in a negative trade balance of C$10.4M. Between June 2023 and June 2024 the exports of Canada's   Stone Working Machines have increased by C$180k (326%) from C$55.1k to C$235k, while imports increased by C$1.29M (13.8%) from C$9.34M to C$10.6M.

Destinations In June 2024, Stone Working Machines were exported mostly to United States (C$185k), Japan (C$36k), Peru (C$6.42k), Turkey (C$5.79k), and South Africa (C$1.26k), and were imported mostly from Italy (C$4.33M), United States (C$3.17M), China (C$1.68M), Germany (C$334k), and Bulgaria (C$315k).

Growth In June 2024, the increase in Stone Working Machines's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Stone Working Machines's year-by-year imports was explained primarily by an increase in imports from Austria (C$609k or 139%), Italy (C$191k or 3.23%), and China (C$114k or 10.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$180k(326%)
IMPORT GROWTH (June 2023 - June 2024)C$1.29M(13.8%)
MAIN EXPORTER (June 2024)OntarioC$991k
MAIN DESTINATION (June 2024)United StatesC$185k

This section shows Stone Working Machines'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 Stone Working Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.7M
IMPORTS (2022)$104M
NET TRADE (2022)-$91.2M

In 2022, Canada exported $12.7M in Stone Working Machines. The main destinations of Canada exports on Stone Working Machines were United States ($11.1M), India ($515k), China ($193k), Colombia ($161k), and Nigeria ($86.8k).

In 2022, Canada imported $104M in Stone Working Machines, mainly from United States ($34.5M), Italy ($32.2M), China ($17.7M), Sweden ($4.55M), and Bulgaria ($3.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stone Working Machines EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$1.83M (19.7%)
India$463k (900%)
China$147k (322%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Working Machines BY Canada WERE (2021 - 2022):
United Arab Emirates-$7.36M (-99.8%)
Mexico-$701k (-99.6%)
Trinidad and Tobago-$69.1k (-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 Stone Working Machines were:
China $793M
Italy $764M
Germany $191M
In 2022, Canada's main importing competitors in Stone Working Machines were:
United States $418M
China $248M
India $154M

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Trade Value of Stone Working Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.45M
TOP IMPORT POTENTIALChina+ $3.2M

Stone Working Machines’s highest export potential is United States. With an export gap of $4.45M.   Stone Working Machines’s highest import potential is China with an import gap of $3.2M.

See methodology.

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