HS Icon Rubberworking Machinery in  Flag Canada

2019
Exports | Imports
: $929M | $617M, World Rnk 8 / 175
Flag Rnk 79 / 1208 | World Rnk 12 / 208
Flag Rnk 146 / 1213

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $37.3M | $29M, United States |  Germany

2019
ECONOMIC COMPLEXITY of Canada
: 0.96, Rnk 31 / 147

2019
PRODUCT COMPLEXITY  IN Rubberworking Machinery
: 1.22, Rnk 98 / 1029

Exports: In 2019, Canada exported $929M in Rubberworking Machinery, making it the 8th largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 79th most exported product in Canada. The main destination of Rubberworking Machinery exports from Canada are: United States ($521M), China ($88.5M), Luxembourg ($30.4M), Mexico ($27.9M), and India ($25.4M).

The fastest growing export markets for Rubberworking Machinery of Canada between 2018 and 2019 were United States ($37.3M), India ($12.8M), and Indonesia ($9.19M).

Imports: In 2019, Canada imported $617M in Rubberworking Machinery, becoming the 12th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 146th most imported product in Canada. Canada imports Rubberworking Machinery primarily from: United States ($268M), China ($93.3M), Germany ($87.1M), Austria ($29.7M), and Italy ($26.8M).

The fastest growing import markets in Rubberworking Machinery for Canada between 2018 and 2019 were Germany ($29M), Netherlands ($7.12M), and France ($5.32M).

Latest Trends (May 2021)

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Overview: In May 2021 Canada's Rubberworking Machinery exports accounted up to C$57.9M and imports accounted up to C$67M, resulting in a negative trade balance of C$9.07M. Between May 2020 and May 2021 the exports of Canada's   Rubberworking Machinery have decreased by C$-23.1M (-28.5%) from C$81M to C$57.9M, while imports decreased by C$-14.4M (-17.7%) from C$81.4M to C$67M.

Destinations: In May 2021, Rubberworking Machinery were exported mostly to United States (C$39.3M), China (C$5.53M), Vietnam (C$3.38M), Luxembourg (C$1.79M), and Mexico (C$1.3M), and were imported mostly from United States (C$23.3M), China (C$14.6M), Germany (C$7.33M), Austria (C$4.37M), and Canada (C$3.88M).

Growth: In May 2021, the decrease in Rubberworking Machinery's year-by-year exports was explained primarily by a decrease in exports to Brazil (C$-5.9M or -87.3%), United States (C$-3.82M or -8.86%), and Luxembourg (C$-2.55M or -58.7%). In May 2021, the decrease in Rubberworking Machinery's year-by-year imports was explained primarily by a decrease in imports from China (C$-6.42M or -30.5%), Germany (C$-6.2M or -45.8%), and Sweden (C$-1.84M or -96.6%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): C$-23.1M, (-28.5%)

IMPORT GROWTH (May 2020 - May 2021): C$-14.4M, (-17.7%)

MAIN EXPORTER (May 2021): Ontario, C$48.8M

MAIN DESTINATION (May 2021): United States, C$39.3M

This section shows Rubberworking Machinery'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 Rubberworking Machinery over time.

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Historical Data

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Value

EXPORTS (2019): $929M

IMPORTS (2019): $617M

NET TRADE (2019): $312M

In 2019, Canada exported $929M in Rubberworking Machinery. The main destinations of Canada exports on Rubberworking Machinery were United States ($521M), China ($88.5M), Luxembourg ($30.4M), Mexico ($27.9M), and India ($25.4M).

In 2019, Canada imported $617M in Rubberworking Machinery, mainly from United States ($268M), China ($93.3M), Germany ($87.1M), Austria ($29.7M), and Italy ($26.8M).

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IN 2019, Canada HAD A POSITIVE NET TRADE IN Rubberworking Machinery WITH:

IN 2019, Canada HAD A NEGATIVE NET TRADE IN Rubberworking Machinery WITH:

Flow

THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Canada WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Canada WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Canada's main exporting competitors in Rubberworking Machinery were:

In 2018, Canada's main importing competitors in Rubberworking Machinery were:

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Tariffs by Country

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In 2018, the tariffs for Rubberworking Machinery in the imports of Canada were of 0% around the world.