Railroad Ties in 
Canada
2021 Exports | Imports : $3.07M | $95.5M, World Rnk 21 / 72 Rnk 914 / 1212 | World Rnk 1 / 121 Rnk 545 / 1214
2021 ECONOMIC COMPLEXITY of Canada: 0.9, Rnk 32 / 131
Exports In 2021, Canada exported $3.07M in Railroad Ties, making it the 21st largest exporter of Railroad Ties in the world. At the same year, Railroad Ties was the 914th most exported product in Canada. The main destination of Railroad Ties exports from Canada are: United States ($2.41M), United Kingdom ($585k), Japan ($69.4k), and Chinese Taipei ($13.6k).
Imports In 2021, Canada imported $95.5M in Railroad Ties, becoming the 1st largest importer of Railroad Ties in the world. At the same year, Railroad Ties was the 545th most imported product in Canada. Canada imports Railroad Ties primarily from: United States ($95.5M).
Latest Trends
#permalink to sectionMay 2023
Overview In May 2023 Canada's Railroad Ties exports accounted up to C$121k and imports accounted up to C$22.6M, resulting in a negative trade balance of C$22.5M. Between May 2022 and May 2023 the exports of Canada's Railroad Ties have decreased by C$-47.7k (-28.3%) from C$168k to C$121k, while imports increased by C$10.3M (83.9%) from C$12.3M to C$22.6M.
Destinations In May 2023, Railroad Ties were exported mostly to United States (C$121k), and were imported mostly from United States (C$22.6M).
Growth In May 2023, the decrease in Railroad Ties's year-by-year exports was explained primarily by a decrease in exports to United States (C$-193k or -83.3%) and United Kingdom (C$-49.5k or -58.2%). In May 2023, the increase in Railroad Ties's year-by-year imports was explained primarily by an increase in imports from .
Subnational Monthly Trade
#permalink to sectionEXPORT GROWTH (May 2022 - May 2023): C$-47.7k, (-28.3%)
IMPORT GROWTH (May 2022 - May 2023): C$10.3M, (83.9%)
MAIN EXPORTER (May 2023): British Columbia, C$569k
MAIN DESTINATION (May 2023): United States, C$121k
This section shows Railroad Ties'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 Railroad Ties over time.
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Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (2021): $3.07M
IMPORTS (2021): $95.5M
NET TRADE (2021): -$92.5M
In 2021, Canada exported $3.07M in Railroad Ties. The main destinations of Canada exports on Railroad Ties were United States ($2.41M), United Kingdom ($585k), Japan ($69.4k), and Chinese Taipei ($13.6k).
In 2021, Canada imported $95.5M in Railroad Ties, mainly from United States ($95.5M).
Market Growth
#permalink to sectionTHE FASTEST DECLINING MARKETS FOR THE EXPORT OF Railroad Ties BY Canada WERE (2020 - 2021):
- United States, -$834k (-25.7%)
- Japan, -$269k (-79.5%)
- United Kingdom, -$170k (-22.5%)
Market Concentration
#permalink to sectionIn 2021, Canada's main exporting competitors in Railroad Ties were:
- United States , $120M
- France , $53.6M
- Netherlands , $39.7M
In 2021, Canada's main importing competitors in Railroad Ties were:
- Netherlands , $72.1M
- Germany , $29.6M
