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2022
Exports $3.06MWorld Rnk 31 / 153
Flag Rnk 926 / 1210
2022
Destination $561k United States
2021 - 2022
FASTEST GROWING MARKET $561kUnited States
2022
PRODUCT COMPLEXITY IN Insect Resins-2.5Rnk 1019 / 1025
2022
Imports $12MWorld Rnk 16 / 197
Flag Rnk 927 / 1213
2022
Origin $583k United States
2021 - 2022
FASTEST GROWING ORIGIN $583kUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $3.06M in Insect Resins, making it the 31st largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 926th most exported product in Canada. The main destination of Insect Resins exports from Canada are: United States ($2.61M), Vietnam ($181k), Australia ($56.5k), South Korea ($56.4k), and Hong Kong ($52.4k).

The fastest growing export markets for Insect Resins of Canada between 2021 and 2022 were United States ($561k), Vietnam ($156k), and South Korea ($56.4k).

Imports In 2022, Canada imported $12M in Insect Resins, becoming the 16th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 927th most imported product in Canada. Canada imports Insect Resins primarily from: United States ($4.61M), India ($2.17M), France ($2.06M), China ($1.41M), and United Kingdom ($469k).

The fastest growing import markets in Insect Resins for Canada between 2021 and 2022 were United States ($583k), France ($452k), and India ($389k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Insect Resins exports accounted up to C$493k and imports accounted up to C$2.18M, resulting in a negative trade balance of C$1.68M. Between June 2023 and June 2024 the exports of Canada's   Insect Resins have increased by C$365k (286%) from C$128k to C$493k, while imports increased by C$431k (24.7%) from C$1.74M to C$2.18M.

Destinations In June 2024, Insect Resins were exported mostly to Australia (C$280k), United States (C$188k), Belgium (C$16.2k), and Italy (C$8.52k), and were imported mostly from United States (C$667k), France (C$533k), India (C$532k), China (C$247k), and United Kingdom (C$102k).

Growth In June 2024, the increase in Insect Resins's year-by-year exports was explained primarily by an increase in exports to United States (C$14.9k or 3.99%). In June 2024, the increase in Insect Resins's year-by-year imports was explained primarily by an increase in imports from France (C$304k or 130%), Germany (C$78k or 322%), and Ireland (C$69k or 142%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$365k(286%)
IMPORT GROWTH (June 2023 - June 2024)C$431k(24.7%)
MAIN EXPORTER (June 2024)OntarioC$293k
MAIN DESTINATION (June 2024)AustraliaC$280k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.06M
IMPORTS (2022)$12M
NET TRADE (2022)-$8.94M

In 2022, Canada exported $3.06M in Insect Resins. The main destinations of Canada exports on Insect Resins were United States ($2.61M), Vietnam ($181k), Australia ($56.5k), South Korea ($56.4k), and Hong Kong ($52.4k).

In 2022, Canada imported $12M in Insect Resins, mainly from United States ($4.61M), India ($2.17M), France ($2.06M), China ($1.41M), and United Kingdom ($469k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$561k (27.3%)
Vietnam$156k (621%)
South Korea$56.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Canada WERE (2021 - 2022):
Singapore-$306k (-100%)
Australia-$213k (-79%)
Dominican Republic-$25.2k (-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 Insect Resins were:
Sudan $194M
France $193M
Afghanistan $126M
In 2022, Canada's main importing competitors in Insect Resins were:
India $260M
United States $157M
France $127M

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.56M
TOP IMPORT POTENTIALIndia+ $660k

Insect Resins’s highest export potential is United States. With an export gap of $1.56M.   Insect Resins’s highest import potential is India with an import gap of $660k.

See methodology.

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