Rock Wool in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $145M in Rock Wool, making it the 14th largest exporter of Rock Wool in the world. At the same year, Rock Wool was the 343rd most exported product in Canada. The main destination of Rock Wool exports from Canada are: United States ($137M), Belgium ($941k), Germany ($932k), United Kingdom ($734k), and Canada ($503k).

The fastest growing export markets for Rock Wool of Canada between 2021 and 2022 were United Kingdom ($393k), Spain ($297k), and Belgium ($283k).

Imports In 2022, Canada imported $184M in Rock Wool, becoming the 6th largest importer of Rock Wool in the world. At the same year, Rock Wool was the 425th most imported product in Canada. Canada imports Rock Wool primarily from: United States ($163M), Netherlands ($4.92M), China ($3.03M), Mexico ($1.93M), and Poland ($1.88M).

The fastest growing import markets in Rock Wool for Canada between 2021 and 2022 were United States ($6.39M), Mexico ($595k), and Japan ($382k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Rock Wool from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Rock Wool exports accounted up to C$15.3M and imports accounted up to C$20.5M, resulting in a negative trade balance of C$5.17M. Between January 2023 and January 2024 the exports of Canada's Rock Wool have decreased by C$-6.71M (-30.4%) from C$22.1M to C$15.3M, while imports increased by C$2.1M (11.4%) from C$18.4M to C$20.5M.

Destinations In January 2024, Rock Wool were exported mostly to United States (C$14.9M), Singapore (C$71.7k), India (C$71.5k), Germany (C$63.3k), and Malaysia (C$59.8k), and were imported mostly from United States (C$17.5M), China (C$592k), Germany (C$515k), Poland (C$362k), and Mexico (C$355k).

Growth In January 2024, the decrease in Rock Wool's year-by-year exports was explained primarily by a decrease in exports to Thailand (C$-50.4k or -95.8%) and Germany (C$-47.1k or -66.8%). In January 2024, the increase in Rock Wool's year-by-year imports was explained primarily by an increase in imports from United States (C$1.17M or 8.05%), Mexico (C$465k or 354%), and Poland (C$448k or 473%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-6.71M(-30.4%)

IMPORT GROWTH (January 2023 - January 2024)C$2.1M(11.4%)

MAIN EXPORTER (January 2024)OntarioC$11.8M

MAIN DESTINATION (January 2024)United StatesC$14.9M

This section shows Rock Wool'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 Rock Wool over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$145M

IMPORTS (2022)$184M

NET TRADE (2022)-$38.7M

In 2022, Canada exported $145M in Rock Wool. The main destinations of Canada exports on Rock Wool were United States ($137M), Belgium ($941k), Germany ($932k), United Kingdom ($734k), and Canada ($503k).

In 2022, Canada imported $184M in Rock Wool, mainly from United States ($163M), Netherlands ($4.92M), China ($3.03M), Mexico ($1.93M), and Poland ($1.88M).

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