Other Hand Tools in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $73.5M in Other Hand Tools, making it the 18th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 437th most exported product in Canada. The main destination of Other Hand Tools exports from Canada are: United States ($48.3M), Germany ($3.96M), France ($2.73M), United Kingdom ($2.17M), and Australia ($1.91M).

The fastest growing export markets for Other Hand Tools of Canada between 2021 and 2022 were United States ($6.61M), Germany ($1.76M), and Canada ($655k).

Imports In 2022, Canada imported $341M in Other Hand Tools, becoming the 5th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 299th most imported product in Canada. Canada imports Other Hand Tools primarily from: United States ($158M), China ($117M), Chinese Taipei ($29.5M), Germany ($4.92M), and India ($3.65M).

The fastest growing import markets in Other Hand Tools for Canada between 2021 and 2022 were United States ($18.3M), Chinese Taipei ($2.88M), and Vietnam ($1.01M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Other Hand Tools exports accounted up to C$7.53M and imports accounted up to C$33.4M, resulting in a negative trade balance of C$25.9M. Between February 2023 and February 2024 the exports of Canada's Other Hand Tools have increased by C$2.09M (38.3%) from C$5.45M to C$7.53M, while imports decreased by C$-1.4M (-4.02%) from C$34.8M to C$33.4M.

Destinations In February 2024, Other Hand Tools were exported mostly to United States (C$5.47M), Germany (C$427k), United Kingdom (C$325k), Australia (C$264k), and China (C$221k), and were imported mostly from China (C$12.7M), United States (C$12.1M), Chinese Taipei (C$3.3M), Germany (C$783k), and Mexico (C$545k).

Growth In February 2024, the increase in Other Hand Tools's year-by-year exports was explained primarily by an increase in exports to United States (C$627k or 19.2%), France (C$236k or 408%), and Denmark (C$66k or 1.45k%). In February 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from China (C$-1.13M or -9.23%), Italy (C$-135k or -30.2%), and India (C$-112k or -21.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$2.09M(38.3%)

IMPORT GROWTH (February 2023 - February 2024)C$-1.4M(-4.02%)

MAIN EXPORTER (February 2024)QuebecC$2.84M

MAIN DESTINATION (February 2024)United StatesC$5.47M

This section shows Other Hand Tools'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 Other Hand Tools over time.

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