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2022
Exports $983kWorld Rnk 22 / 92
Flag Rnk 1036 / 1210
2022
Destination $844k Belgium
2021 - 2022
FASTEST GROWING MARKET $844kBelgium
2022
PRODUCT COMPLEXITY IN Artificial Textile Machinery1.99Rnk 5 / 1025
2022
Imports $2.04MWorld Rnk 47 / 168
Flag Rnk 1107 / 1213
2022
Origin $151k Italy
2021 - 2022
FASTEST GROWING ORIGIN $151kAustralia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $983k in Artificial Textile Machinery, making it the 22nd largest exporter of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1036th most exported product in Canada. The main destination of Artificial Textile Machinery exports from Canada are: Belgium ($844k), Mexico ($57.6k), United States ($38.4k), Honduras ($29.2k), and Costa Rica ($7.61k).

The fastest growing export markets for Artificial Textile Machinery of Canada between 2021 and 2022 were Belgium ($844k), Honduras ($18.3k), and United States ($16.1k).

Imports In 2022, Canada imported $2.04M in Artificial Textile Machinery, becoming the 47th largest importer of Artificial Textile Machinery in the world. At the same year, Artificial Textile Machinery was the 1107th most imported product in Canada. Canada imports Artificial Textile Machinery primarily from: Italy ($904k), United States ($463k), China ($249k), Australia ($151k), and Belgium ($53.6k).

The fastest growing import markets in Artificial Textile Machinery for Canada between 2021 and 2022 were Australia ($151k), Belgium ($53.6k), and France ($33.8k).

Latest Trends

May 2024

About

Overview In May 2024 Canada's Artificial Textile Machinery exports accounted up to C$5.95k and imports accounted up to C$40.3k, resulting in a negative trade balance of C$34.4k. Between September 2022 and May 2024 the exports of Canada's   Artificial Textile Machinery have decreased by C$-7.59k (-56.1%) from C$13.5k to C$5.95k, while imports decreased by C$-635k (-94%) from C$675k to C$40.3k.

Destinations In May 2024, Artificial Textile Machinery were exported mostly to , and were imported mostly from China (C$34.8k) and United States (C$5.57k).

Growth In May 2024, the decrease in Artificial Textile Machinery's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Artificial Textile Machinery's year-by-year imports was explained primarily by a decrease in imports from United States (C$-68k or -93%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2022 - May 2024)C$-7.59k(-56.1%)
IMPORT GROWTH (June 2023 - June 2024)C$-635k(-94%)
MAIN EXPORTER (May 2024)British ColumbiaC$76.2k
MAIN DESTINATION (May 2024)

This section shows Artificial Textile 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 Artificial Textile Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$983k
IMPORTS (2022)$2.04M
NET TRADE (2022)-$1.06M

In 2022, Canada exported $983k in Artificial Textile Machinery. The main destinations of Canada exports on Artificial Textile Machinery were Belgium ($844k), Mexico ($57.6k), United States ($38.4k), Honduras ($29.2k), and Costa Rica ($7.61k).

In 2022, Canada imported $2.04M in Artificial Textile Machinery, mainly from Italy ($904k), United States ($463k), China ($249k), Australia ($151k), and Belgium ($53.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Textile Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Belgium$844k (1%)
Honduras$18.3k (167%)
United States$16.1k (72.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Textile Machinery BY Canada WERE (2021 - 2022):
Mexico-$27.1k (-32%)
Netherlands-$10.5k (-100%)
Vietnam-$560 (-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 Artificial Textile Machinery were:
Germany $678M
China $325M
Japan $159M
In 2022, Canada's main importing competitors in Artificial Textile Machinery were:
China $489M
Turkey $190M
India $161M

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Trade Value of Artificial Textile Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $120k
TOP IMPORT POTENTIALChina+ $244k

Artificial Textile Machinery’s highest export potential is United States. With an export gap of $120k.   Artificial Textile Machinery’s highest import potential is China with an import gap of $244k.

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