Laboratory Reagents in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $13.8M in Laboratory Reagents, making it the 22nd largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 728th most exported product in Canada. The main destination of Laboratory Reagents exports from Canada are: Argentina ($3.53M), Chinese Taipei ($2.79M), Brunei ($2.53M), Philippines ($1.59M), and Bahamas ($618k).

The fastest growing export markets for Laboratory Reagents of Canada between 2021 and 2022 were Argentina ($2.89M), Chinese Taipei ($1.34M), and Philippines ($1.18M).

Imports In 2022, Canada imported $1.25M in Laboratory Reagents, becoming the 81st largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 1135th most imported product in Canada. Canada imports Laboratory Reagents primarily from: Chinese Taipei ($1.25M), Ukraine ($3.11k), Lesotho ($123), and Brunei ($34).

The fastest growing import markets in Laboratory Reagents for Canada between 2021 and 2022 were Lesotho ($123) and Brunei ($34).

Latest Trends

February 2024

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Overview In February 2024 Canada's Laboratory Reagents exports accounted up to C$82.5M and imports accounted up to C$128M, resulting in a negative trade balance of C$45.5M. Between February 2023 and February 2024 the exports of Canada's Laboratory Reagents have increased by C$17.7M (27.4%) from C$64.8M to C$82.5M, while imports increased by C$13.8M (12%) from C$114M to C$128M.

Destinations In February 2024, Laboratory Reagents were exported mostly to United States (C$55.7M), Belgium (C$7.06M), Germany (C$4.19M), France (C$2.72M), and China (C$1.41M), and were imported mostly from United States (C$76.4M), Germany (C$11M), United Kingdom (C$8.92M), Japan (C$6.99M), and Singapore (C$6.93M).

Growth In February 2024, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to Germany (C$1.93M or 73%), France (C$1.4M or 85%), and Italy (C$918k or 265%). In February 2024, the increase in Laboratory Reagents's year-by-year imports was explained primarily by an increase in imports from Germany (C$1.63M or 23.3%), Denmark (C$954k or 168%), and Singapore (C$460k or 17.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$17.7M(27.4%)

IMPORT GROWTH (February 2023 - February 2024)C$13.8M(12%)

MAIN EXPORTER (February 2024)OntarioC$32.8M

MAIN DESTINATION (February 2024)United StatesC$55.7M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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