2018
Exports
$22.1MWorld Rnk 18 / 175
Flag Rnk 654 / 1210
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2018
Imports
$91.2MWorld Rnk 8 / 209
Flag Rnk 590 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2018, Canada exported $22.1M in Sound Recording Equipment, making it the 18th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 654th most exported product in Canada. The main destination of Sound Recording Equipment exports from Canada are: United States ($18.4M), United Kingdom ($895k), Hong Kong ($313k), France ($300k), and Belgium ($268k).

The fastest growing export markets for Sound Recording Equipment of Canada between 2021 and 2022 were United States ($12.7M), United Kingdom ($479k), and Belgium ($267k).

Imports In 2022, Canada imported $91.2M in Sound Recording Equipment, becoming the 8th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 590th most imported product in Canada. Canada imports Sound Recording Equipment primarily from: United States ($37.6M), China ($33.7M), United Kingdom ($5.08M), Chinese Taipei ($3.59M), and Malaysia ($3.54M).

The fastest growing import markets in Sound Recording Equipment for Canada between 2021 and 2022 were United States ($30.5M), China ($23.7M), and Malaysia ($2.98M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-375k(-78.1%)
IMPORT GROWTH (June 2023 - June 2024)C$455k(6.55%)
MAIN EXPORTER (June 2024)AlbertaC$145k
MAIN DESTINATION (June 2024)United KingdomC$36.9k

This section shows Sound Recording Equipment'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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.1M
IMPORTS (2022)$91.2M
NET TRADE (2022)-$69.1M

In 2022, Canada exported $22.1M in Sound Recording Equipment. The main destinations of Canada exports on Sound Recording Equipment were United States ($18.4M), United Kingdom ($895k), Hong Kong ($313k), France ($300k), and Belgium ($268k).

In 2022, Canada imported $91.2M in Sound Recording Equipment, mainly from United States ($37.6M), China ($33.7M), United Kingdom ($5.08M), Chinese Taipei ($3.59M), and Malaysia ($3.54M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$12.7M (227%)
United Kingdom$479k (115%)
Belgium$267k (28.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Canada WERE (2021 - 2022):
Austria-$157k (-87.7%)
South Korea-$103k (-41.3%)
Thailand-$91.5k (-83.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Sound Recording Equipment were:
In 2022, Canada's main importing competitors in Sound Recording Equipment were:

Explore Visualizations

Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.7M
TOP IMPORT POTENTIALChina+ $3.95M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $8.7M.   Sound Recording Equipment’s highest import potential is China with an import gap of $3.95M.

See methodology.

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