Suriname-Canada Bilateral Trade Analysis 2023
Complete trade statistics: $36.30M total volume •Suriname deficit: $7.25M
Suriname → Canada
$14.52M
Exports (2023)
Canada → Suriname
$21.77M
Imports (2023)
Trade Balance
$7.25M
Deficit for Suriname
Total Trade
$36.30M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Suriname and Canada. Green line shows exports from Suriname, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Suriname-Canada commercial relationship and competitive positioning in global markets.
Suriname → Canada Exports
Export Market Intelligence
🎯 Strategic Export Focus
Suriname's export portfolio to Canada demonstrates strategic specialization, with slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620 representing a key competitive advantage in this bilateral market.
Canada → Suriname Imports
Import Dependency Profile
📦 Import Strategy Analysis
Suriname's import pattern from Canada reveals strategic sourcingin machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Suriname demonstrates competitive strength in exportingslag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620 to Canada, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $36.30M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Suriname-Canada Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $36.30 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Suriname maintains a deficit of $7.25 million
- Export Focus: Suriname's primary exports include slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620, turbines: parts of turbo-jets and turbo-propellers, fish fillets: frozen, of fish n.e.c. in heading 0304.8
- Import Dependencies: Key imports from Canada include machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts, boring or sinking machinery: parts of the machinery of item no. 8430.41 or 8430.41, plastics: tubes, pipes and hoses thereof, rigid, of polymers of ethylene
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $36.30M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Suriname leveraging its comparative advantages in slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Suriname's specialization in slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620complements Canada's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $36.30M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $36.30M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $36.30 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620 and machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Suriname's trade deficit of $7.25 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Suriname and Canada represents a total trade volume of $36.30 million in 2023. This partnership demonstrates an unfavorable trade balance for Suriname, with imports exceeding exportsby $7.25 million.
Export Strengths
Suriname's exports to Canada total $14.52 million, with competitive advantages in slag, ash and residues: (not from the manufacture of iron or steel), containing mainly metals or their compounds, n.e.c. in heading no. 2620, representing $13.37M or92.1% of bilateral exports.
Import Dependencies
Imports from Canada amount to $21.77 million, highlighting economic interdependence in machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts, with Machines, for sorting, screening, separating, washing, crushing etc mineral substances, for agglomerating, shaping or moulding solid fuels, ceramic pastes etc, for forming foundry moulds of sand: parts comprising23.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Suriname's strategic sourcing from Canada. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Suriname and Canada in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023