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2022
Exports $18.3BWorld Rnk 12 / 226
Flag Rnk 6 / 96
2022
Destination $799M United States
2021 - 2022
FASTEST GROWING MARKET $799MUnited States
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof1.72Rnk 19 / 1025
2022
Imports $25.4BWorld Rnk 7 / 226
Flag Rnk 5 / 96
2022
Origin $2.29B United States
2021 - 2022
FASTEST GROWING ORIGIN $2.29BUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $18.3B in Plastics & articles thereof, making it the 12th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 6th most exported product in Canada. The main destination of Plastics & articles thereof exports from Canada are: United States ($16.2B), China ($305M), Mexico ($235M), United Kingdom ($157M), and Canada ($149M).

The fastest growing export markets for Plastics & articles thereof of Canada between 2021 and 2022 were United States ($799M), United Kingdom ($83.6M), and Netherlands ($70.9M).

Imports In 2022, Canada imported $25.4B in Plastics & articles thereof, becoming the 7th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 5th most imported product in Canada. Canada imports Plastics & articles thereof primarily from: United States ($17.4B), China ($4.11B), South Korea ($577M), Germany ($375M), and Chinese Taipei ($296M).

The fastest growing import markets in Plastics & articles thereof for Canada between 2021 and 2022 were United States ($2.29B), China ($925M), and South Korea ($290M).

COMPANIES In 2023, leading companies such as Dow Chemical (42), YAMAHA CORPORATION OF AMERICA (1), and DuPont (1) were at the forefront of shipping Plastics & articles thereof from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Plastics & articles thereof exports accounted up to C$1.84B and imports accounted up to C$2.29B, resulting in a negative trade balance of C$455M. Between June 2023 and June 2024 the exports of Canada's   Plastics & articles thereof have decreased by C$-62.1M (-3.27%) from C$1.9B to C$1.84B, while imports increased by C$11.3M (0.5%) from C$2.28B to C$2.29B.

Destinations In June 2024, Plastics & articles thereof were exported mostly to United States (C$1.67B), China (C$35.9M), Mexico (C$24M), United Kingdom (C$10.5M), and India (C$8.53M), and were imported mostly from United States (C$1.52B), China (C$374M), Mexico (C$47.2M), Germany (C$42.3M), and South Korea (C$39.1M).

Growth In June 2024, the decrease in Plastics & articles thereof's year-by-year exports was explained primarily by a decrease in exports to United States (C$-135M or -8.26%), Mexico (C$-12.3M or -44.5%), and Malaysia (C$-2.48M or -42%). In June 2024, the increase in Plastics & articles thereof's year-by-year imports was explained primarily by an increase in imports from China (C$28.7M or 9.87%), Chinese Taipei (C$8.68M or 36.9%), and Germany (C$8.24M or 21.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-62.1M(-3.27%)
IMPORT GROWTH (June 2023 - June 2024)C$11.3M(0.5%)
MAIN EXPORTER (June 2024)OntarioC$947M
MAIN DESTINATION (June 2024)United StatesC$1.67B

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.3B
IMPORTS (2022)$25.4B
NET TRADE (2022)-$7.08B

In 2022, Canada exported $18.3B in Plastics & articles thereof. The main destinations of Canada exports on Plastics & articles thereof were United States ($16.2B), China ($305M), Mexico ($235M), United Kingdom ($157M), and Canada ($149M).

In 2022, Canada imported $25.4B in Plastics & articles thereof, mainly from United States ($17.4B), China ($4.11B), South Korea ($577M), Germany ($375M), and Chinese Taipei ($296M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$799M (5.2%)
United Kingdom$83.6M (114%)
Netherlands$70.9M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Canada WERE (2021 - 2022):
Mexico-$70.7M (-23.1%)
Malaysia-$14.1M (-18.5%)
Brazil-$10.6M (-12.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Plastics & articles thereof were:
China $156B
United States $95.2B
Germany $86.5B
In 2022, Canada's main importing competitors in Plastics & articles thereof were:
United States $96.2B
China $73.4B
Germany $59.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.57B
TOP IMPORT POTENTIALChina+ $571M

Plastics & articles thereof’s highest export potential is United States. With an export gap of $1.57B.   Plastics & articles thereof’s highest import potential is China with an import gap of $571M.

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