2023
Exports
$95MWorld Rnk 16 / 205
Flag Rnk 385 / 1212
2023
PRODUCT COMPLEXITY IN Rubber Belting
0.51Rnk 368 / 1025
2023
Imports
$294MWorld Rnk 3 / 225
Flag Rnk 310 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $95M in Rubber Belting, making it the 16th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 385th most exported product in Canada. The main destination of Rubber Belting exports from Canada are: United States ($82.7M), China ($1.78M), Australia ($1.24M), Mexico ($1.15M), and Burkina Faso ($860k).

The fastest growing export markets for Rubber Belting of Canada between 2022 and 2023 were China ($543k), Burkina Faso ($520k), and Kazakhstan ($300k).

Imports In 2023, Canada imported $294M in Rubber Belting, becoming the 3rd largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 310th most imported product in Canada. Canada imports Rubber Belting primarily from: United States ($174M), China ($39.6M), Mexico ($24.5M), Germany ($10.3M), and India ($10.1M).

The fastest growing import markets in Rubber Belting for Canada between 2022 and 2023 were United States ($9.88M), Mexico ($1.78M), and Germany ($1.4M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-1.35M(-16.7%)
IMPORT GROWTH (December 2023 - December 2024)C$-6.17M(-20.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$6.24M

This section shows Rubber Belting'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 Rubber Belting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$95M
IMPORTS (2023)$294M
NET TRADE (2023)-$199M

In 2023, Canada exported $95M in Rubber Belting. The main destinations of Canada exports on Rubber Belting were United States ($82.7M), China ($1.78M), Australia ($1.24M), Mexico ($1.15M), and Burkina Faso ($860k).

In 2023, Canada imported $294M in Rubber Belting, mainly from United States ($174M), China ($39.6M), Mexico ($24.5M), Germany ($10.3M), and India ($10.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Canada WERE (2022 - 2023):
China$543k (43.8%)
Burkina Faso$520k (153%)
Kazakhstan$300k (210%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Canada WERE (2022 - 2023):
United States-$8.27M (-9.09%)
Cuba-$1.25M (-90.4%)
Russia-$253k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Rubber Belting were:
In 2023, Canada's main importing competitors in Rubber Belting were:

Explore Visualizations

Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.4M
TOP IMPORT POTENTIALChina+ $8.76M

Rubber Belting’s highest export potential is United States. With an export gap of $16.4M.   Rubber Belting’s highest import potential is China with an import gap of $8.76M.

See methodology.

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