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2022
Exports $37.3MWorld Rnk 10 / 117
Flag Rnk 553 / 1210
2022
Destination $10.6M United States
2021 - 2022
FASTEST GROWING MARKET $10.6MUnited States
2022
PRODUCT COMPLEXITY IN Stranded Aluminium Wire-0.74Rnk 768 / 1025
2022
Imports $32.4MWorld Rnk 15 / 203
Flag Rnk 785 / 1213
2022
Origin $6.08M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.08MIndia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $37.3M in Stranded Aluminium Wire, making it the 10th largest exporter of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 553rd most exported product in Canada. The main destination of Stranded Aluminium Wire exports from Canada are: United States ($36.6M), Philippines ($530k), Japan ($70.2k), Canada ($47.9k), and New Zealand ($17.6k).

The fastest growing export markets for Stranded Aluminium Wire of Canada between 2021 and 2022 were United States ($10.6M), Philippines ($529k), and Canada ($46.3k).

Imports In 2022, Canada imported $32.4M in Stranded Aluminium Wire, becoming the 15th largest importer of Stranded Aluminium Wire in the world. At the same year, Stranded Aluminium Wire was the 785th most imported product in Canada. Canada imports Stranded Aluminium Wire primarily from: United States ($14.1M), India ($6.99M), Turkey ($4.48M), China ($3.24M), and Bahrain ($3.23M).

The fastest growing import markets in Stranded Aluminium Wire for Canada between 2021 and 2022 were India ($6.08M), Bahrain ($2.79M), and China ($2.36M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Stranded Aluminium Wire exports accounted up to C$4.7M and imports accounted up to C$1.75M, resulting in a positive trade balance of C$2.94M. Between June 2023 and June 2024 the exports of Canada's   Stranded Aluminium Wire have increased by C$1.68M (55.9%) from C$3.01M to C$4.7M, while imports decreased by C$-3.19M (-64.5%) from C$4.94M to C$1.75M.

Destinations In June 2024, Stranded Aluminium Wire were exported mostly to United States (C$4.69M) and Jamaica (C$7.35k), and were imported mostly from United States (C$1.47M), China (C$118k), Turkey (C$117k), India (C$38.1k), and Bahrain (C$6.25k).

Growth In June 2024, the increase in Stranded Aluminium Wire's year-by-year exports was explained primarily by an increase in exports to United States (C$3.19M or 235%). In June 2024, the decrease in Stranded Aluminium Wire's year-by-year imports was explained primarily by a decrease in imports from China (C$-26.4k or -27.8%), Chinese Taipei (C$-12.9k or -99.5%), and Germany (C$-17 or -18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.68M(55.9%)
IMPORT GROWTH (June 2023 - June 2024)C$-3.19M(-64.5%)
MAIN EXPORTER (June 2024)QuebecC$8.68M
MAIN DESTINATION (June 2024)United StatesC$4.69M

This section shows Stranded Aluminium Wire'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 Stranded Aluminium Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$37.3M
IMPORTS (2022)$32.4M
NET TRADE (2022)$4.91M

In 2022, Canada exported $37.3M in Stranded Aluminium Wire. The main destinations of Canada exports on Stranded Aluminium Wire were United States ($36.6M), Philippines ($530k), Japan ($70.2k), Canada ($47.9k), and New Zealand ($17.6k).

In 2022, Canada imported $32.4M in Stranded Aluminium Wire, mainly from United States ($14.1M), India ($6.99M), Turkey ($4.48M), China ($3.24M), and Bahrain ($3.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Aluminium Wire EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$10.6M (40.6%)
Philippines$529k (256k%)
Canada$46.3k (2.97k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Aluminium Wire BY Canada WERE (2021 - 2022):
Indonesia-$55.4k (-100%)
India-$10.2k (-92.8%)
Switzerland-$4.28k (-94.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Stranded Aluminium Wire were:
China $555M
India $518M
Bahrain $239M
In 2022, Canada's main importing competitors in Stranded Aluminium Wire were:
United States $507M
Bangladesh $196M
Germany $84.9M

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Trade Value of Stranded Aluminium Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.69M
TOP IMPORT POTENTIALIndia+ $2.21M

Stranded Aluminium Wire’s highest export potential is United States. With an export gap of $7.69M.   Stranded Aluminium Wire’s highest import potential is India with an import gap of $2.21M.

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