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2022
Exports $900MWorld Rnk 8 / 187
Flag Rnk 103 / 1210
2022
Destination $35.9M United States
2021 - 2022
FASTEST GROWING MARKET $35.9MChina
2022
PRODUCT COMPLEXITY IN Rubberworking Machinery1.71Rnk 22 / 1025
2022
Imports $653MWorld Rnk 11 / 213
Flag Rnk 175 / 1213
2022
Origin $26.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $26.5MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $900M in Rubberworking Machinery, making it the 8th largest exporter of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 103rd most exported product in Canada. The main destination of Rubberworking Machinery exports from Canada are: United States ($510M), China ($67.4M), Mexico ($50.4M), Canada ($24.2M), and Luxembourg ($19.4M).

The fastest growing export markets for Rubberworking Machinery of Canada between 2021 and 2022 were China ($35.9M), Mexico ($26.9M), and Poland ($15.2M).

Imports In 2022, Canada imported $653M in Rubberworking Machinery, becoming the 11th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 175th most imported product in Canada. Canada imports Rubberworking Machinery primarily from: United States ($259M), China ($152M), Germany ($57.8M), Italy ($39.2M), and Austria ($35.4M).

The fastest growing import markets in Rubberworking Machinery for Canada between 2021 and 2022 were China ($26.5M), Austria ($6.82M), and Germany ($6.44M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Rubberworking Machinery from Canada to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Canada's Rubberworking Machinery exports accounted up to C$84.5M and imports accounted up to C$74M, resulting in a positive trade balance of C$10.5M. Between September 2023 and September 2024 the exports of Canada's   Rubberworking Machinery have decreased by C$-10.9M (-11.4%) from C$95.4M to C$84.5M, while imports increased by C$9.46M (14.6%) from C$64.6M to C$74M.

Destinations In September 2024, Rubberworking Machinery were exported mostly to United States (C$45.9M), Mexico (C$11M), Luxembourg (C$6.32M), China (C$6.25M), and Germany (C$3.97M), and were imported mostly from United States (C$21M), China (C$13.9M), Germany (C$12.6M), Japan (C$7.06M), and Canada (C$4.45M).

Growth In September 2024, the decrease in Rubberworking Machinery's year-by-year exports was explained primarily by a decrease in exports to China (C$-15.6M or -94.1%), Italy (C$-4.22M or -99.7%), and Poland (C$-3.78M or -98.3%). In September 2024, the increase in Rubberworking Machinery's year-by-year imports was explained primarily by an increase in imports from United States (C$9.1M or 53.7%), China (C$4.57M or 32.4%), and Switzerland (C$3.48M or 2.84k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-10.9M(-11.4%)
IMPORT GROWTH (September 2023 - September 2024)C$9.46M(14.6%)
MAIN EXPORTER (September 2024)OntarioC$103M
MAIN DESTINATION (September 2024)United StatesC$45.9M

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

Trade Balance

Color
EXPORTS (2022)$900M
IMPORTS (2022)$653M
NET TRADE (2022)$247M

In 2022, Canada exported $900M in Rubberworking Machinery. The main destinations of Canada exports on Rubberworking Machinery were United States ($510M), China ($67.4M), Mexico ($50.4M), Canada ($24.2M), and Luxembourg ($19.4M).

In 2022, Canada imported $653M in Rubberworking Machinery, mainly from United States ($259M), China ($152M), Germany ($57.8M), Italy ($39.2M), and Austria ($35.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$35.9M (114%)
Mexico$26.9M (114%)
Poland$15.2M (891%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Canada WERE (2021 - 2022):
Germany-$14M (-70.4%)
Canada-$13.8M (-36.3%)
Ghana-$7.52M (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Rubberworking Machinery were:
China $7.21B
Germany $5.5B
Japan $2.29B
In 2022, Canada's main importing competitors in Rubberworking Machinery were:
United States $4B
China $2.82B
Germany $1.66B

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Trade Value of Rubberworking Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $122M
TOP IMPORT POTENTIALChina+ $27.6M

Rubberworking Machinery’s highest export potential is United States. With an export gap of $122M.   Rubberworking Machinery’s highest import potential is China with an import gap of $27.6M.

See methodology.

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