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Pricing

2022
Exports $239MWorld Rnk 27 / 218
Flag Rnk 247 / 1210
2022
Destination $9.23M United States
2021 - 2022
FASTEST GROWING MARKET $9.23MUnited States
2022
PRODUCT COMPLEXITY IN Electrical Power Accessories0.91Rnk 204 / 1025
2022
Imports $525MWorld Rnk 22 / 225
Flag Rnk 216 / 1213
2022
Origin $12.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $12.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $239M in Electrical Power Accessories, making it the 27th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 247th most exported product in Canada. The main destination of Electrical Power Accessories exports from Canada are: United States ($182M), Mexico ($17.2M), Canada ($5.2M), Italy ($4.3M), and United Kingdom ($2.55M).

The fastest growing export markets for Electrical Power Accessories of Canada between 2021 and 2022 were United States ($9.23M), Mexico ($6.38M), and Italy ($1.55M).

Imports In 2022, Canada imported $525M in Electrical Power Accessories, becoming the 22nd largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 216th most imported product in Canada. Canada imports Electrical Power Accessories primarily from: United States ($281M), China ($88.3M), Germany ($34.2M), Mexico ($28.7M), and Malaysia ($8.77M).

The fastest growing import markets in Electrical Power Accessories for Canada between 2021 and 2022 were United States ($12.5M), China ($10.4M), and Malaysia ($7.8M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Electrical Power Accessories exports accounted up to C$23.1M and imports accounted up to C$62.9M, resulting in a negative trade balance of C$39.8M. Between June 2023 and June 2024 the exports of Canada's   Electrical Power Accessories have increased by C$9.03k (0.039%) from C$23.1M to C$23.1M, while imports decreased by C$-7.55M (-10.7%) from C$70.5M to C$62.9M.

Destinations In June 2024, Electrical Power Accessories were exported mostly to United States (C$20.1M), Mexico (C$681k), United Kingdom (C$339k), Australia (C$328k), and Switzerland (C$230k), and were imported mostly from United States (C$23.8M), China (C$10.1M), Mexico (C$6.74M), Germany (C$4.02M), and Czechia (C$2.11M).

Growth In June 2024, the increase in Electrical Power Accessories's year-by-year exports was explained primarily by an increase in exports to United States (C$2.26M or 13.1%), Mexico (C$475k or 143%), and United Arab Emirates (C$227k or 10.5k%). In June 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-755k or -14.1%), Japan (C$-421k or -38.6%), and Poland (C$-333k or -70.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$9.03k(0.039%)
IMPORT GROWTH (June 2023 - June 2024)C$-7.55M(-10.7%)
MAIN EXPORTER (June 2024)OntarioC$15M
MAIN DESTINATION (June 2024)United StatesC$20.1M

This section shows Electrical Power Accessories'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 Electrical Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$239M
IMPORTS (2022)$525M
NET TRADE (2022)-$286M

In 2022, Canada exported $239M in Electrical Power Accessories. The main destinations of Canada exports on Electrical Power Accessories were United States ($182M), Mexico ($17.2M), Canada ($5.2M), Italy ($4.3M), and United Kingdom ($2.55M).

In 2022, Canada imported $525M in Electrical Power Accessories, mainly from United States ($281M), China ($88.3M), Germany ($34.2M), Mexico ($28.7M), and Malaysia ($8.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$9.23M (5.35%)
Mexico$6.38M (59%)
Italy$1.55M (56.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY Canada WERE (2021 - 2022):
Germany-$1.83M (-52.2%)
Georgia-$1.62M (-99.9%)
Canada-$820k (-13.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Electrical Power Accessories were:
China $6.47B
Germany $6.36B
United States $4.96B
In 2022, Canada's main importing competitors in Electrical Power Accessories were:
United States $4.94B
Mexico $4.2B
China $3.93B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $72.2M
TOP IMPORT POTENTIALUnited States+ $87.3M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $72.2M.   Electrical Power Accessories’s highest import potential is United States with an import gap of $87.3M.

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