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2022
Exports $50MWorld Rnk 22 / 180
Flag Rnk 496 / 1210
2022
Destination $196k United States
2021 - 2022
FASTEST GROWING MARKET $196kCanada
2022
PRODUCT COMPLEXITY IN Tufted Carpets0.096Rnk 524 / 1025
2022
Imports $461MWorld Rnk 4 / 215
Flag Rnk 239 / 1213
2022
Origin $2.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.4MMexico
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $50M in Tufted Carpets, making it the 22nd largest exporter of Tufted Carpets in the world. At the same year, Tufted Carpets was the 496th most exported product in Canada. The main destination of Tufted Carpets exports from Canada are: United States ($48M), Canada ($397k), United Kingdom ($378k), Colombia ($195k), and Germany ($110k).

The fastest growing export markets for Tufted Carpets of Canada between 2021 and 2022 were Canada ($196k), Germany ($97.3k), and Singapore ($88.9k).

Imports In 2022, Canada imported $461M in Tufted Carpets, becoming the 4th largest importer of Tufted Carpets in the world. At the same year, Tufted Carpets was the 239th most imported product in Canada. Canada imports Tufted Carpets primarily from: United States ($370M), China ($32.2M), India ($16M), Mexico ($6.05M), and Vietnam ($5.66M).

The fastest growing import markets in Tufted Carpets for Canada between 2021 and 2022 were Mexico ($2.4M), United Arab Emirates ($2.12M), and Netherlands ($1.1M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Tufted Carpets exports accounted up to C$4.02M and imports accounted up to C$54.5M, resulting in a negative trade balance of C$50.5M. Between June 2023 and June 2024 the exports of Canada's   Tufted Carpets have increased by C$438k (12.2%) from C$3.59M to C$4.02M, while imports increased by C$2.97M (5.76%) from C$51.5M to C$54.5M.

Destinations In June 2024, Tufted Carpets were exported mostly to United States (C$4.02M) and China (C$240), and were imported mostly from United States (C$37.5M), China (C$7.7M), India (C$3.47M), Turkey (C$1.28M), and Vietnam (C$1.25M).

Growth In June 2024, the increase in Tufted Carpets's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Tufted Carpets's year-by-year imports was explained primarily by an increase in imports from United States (C$1.65M or 5.48%), Mexico (C$589k or 519%), and Turkey (C$441k or 31.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$438k(12.2%)
IMPORT GROWTH (June 2023 - June 2024)C$2.97M(5.76%)
MAIN EXPORTER (June 2024)QuebecC$2.29M
MAIN DESTINATION (June 2024)United StatesC$4.02M

This section shows Tufted Carpets'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 Tufted Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50M
IMPORTS (2022)$461M
NET TRADE (2022)-$410M

In 2022, Canada exported $50M in Tufted Carpets. The main destinations of Canada exports on Tufted Carpets were United States ($48M), Canada ($397k), United Kingdom ($378k), Colombia ($195k), and Germany ($110k).

In 2022, Canada imported $461M in Tufted Carpets, mainly from United States ($370M), China ($32.2M), India ($16M), Mexico ($6.05M), and Vietnam ($5.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tufted Carpets EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$196k (97.1%)
Germany$97.3k (770%)
Singapore$88.9k (1.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tufted Carpets BY Canada WERE (2021 - 2022):
United States-$5.6M (-10.4%)
Mexico-$213k (-88%)
Chinese Taipei-$162k (-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 Tufted Carpets were:
China $1.51B
Netherlands $933M
Belgium $844M
In 2022, Canada's main importing competitors in Tufted Carpets were:
United States $1.05B
United Kingdom $793M
Germany $526M

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Trade Value of Tufted Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.3M
TOP IMPORT POTENTIALChina+ $12.3M

Tufted Carpets’s highest export potential is United States. With an export gap of $14.3M.   Tufted Carpets’s highest import potential is China with an import gap of $12.3M.

See methodology.

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