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2023
Exports $859MWorld Rnk 7 / 182
Flag Rnk 103 / 1212
2023
Destination $28.5M United States
2022 - 2023
FASTEST GROWING MARKET $28.5MIndia
2023
PRODUCT COMPLEXITY IN Rubberworking Machinery1.68Rnk 24 / 1025
2023
Imports $592MWorld Rnk 14 / 216
Flag Rnk 181 / 1211
2023
Origin $8.39M United States
2022 - 2023
FASTEST GROWING ORIGIN $8.39MItaly
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $859M in Rubberworking Machinery, making it the 7th 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 ($518M), Mexico ($51.3M), China ($51.2M), India ($41.4M), and Luxembourg ($15.1M).

The fastest growing export markets for Rubberworking Machinery of Canada between 2022 and 2023 were India ($28.5M), United States ($23.1M), and Australia ($6.44M).

Imports In 2023, Canada imported $592M in Rubberworking Machinery, becoming the 14th largest importer of Rubberworking Machinery in the world. At the same year, Rubberworking Machinery was the 181st most imported product in Canada. Canada imports Rubberworking Machinery primarily from: United States ($209M), China ($126M), Germany ($61.4M), Italy ($43.9M), and Austria ($39.6M).

The fastest growing import markets in Rubberworking Machinery for Canada between 2022 and 2023 were Italy ($8.39M), Poland ($4.82M), and Netherlands ($4.37M).

COMPANIES In 2024, leading companies such as Norwegian Cruise Line (1) were at the forefront of shipping Rubberworking Machinery from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Rubberworking Machinery exports accounted up to C$145M and imports accounted up to C$72.3M, resulting in a positive trade balance of C$72.7M. Between December 2023 and December 2024 the exports of Canada's   Rubberworking Machinery have increased by C$26.6M (22.4%) from C$118M to C$145M, while imports decreased by C$-2.55M (-3.41%) from C$74.8M to C$72.3M.

Destinations In December 2024, Rubberworking Machinery were exported mostly to United States (C$72.4M), China (C$18.2M), Mexico (C$14.6M), India (C$4.25M), and Brazil (C$3.84M), and were imported mostly from United States (C$23.3M), China (C$15.7M), Germany (C$7.78M), Poland (C$5.38M), and Canada (C$3.61M).

Growth In December 2024, the increase in Rubberworking Machinery's year-by-year exports was explained primarily by an increase in exports to China (C$10.8M or 1.1k%), Belgium (C$5.21M or 15.2k%), and South Africa (C$4.44M or 3.85k%). In December 2024, the decrease in Rubberworking Machinery's year-by-year imports was explained primarily by a decrease in imports from China (C$-7.79M or -41.7%), United States (C$-3.15M or -12.1%), and Germany (C$-2.7M or -41.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$26.6M(22.4%)
IMPORT GROWTH (December 2023 - December 2024)C$-2.55M(-3.41%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$72.4M

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 (2023)$859M
IMPORTS (2023)$592M
NET TRADE (2023)$267M

In 2023, Canada exported $859M in Rubberworking Machinery. The main destinations of Canada exports on Rubberworking Machinery were United States ($518M), Mexico ($51.3M), China ($51.2M), India ($41.4M), and Luxembourg ($15.1M).

In 2023, Canada imported $592M in Rubberworking Machinery, mainly from United States ($209M), China ($126M), Germany ($61.4M), Italy ($43.9M), and Austria ($39.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubberworking Machinery EXPORT MARKETS FOR Canada WERE (2022 - 2023):
India$28.5M (220%)
United States$23.1M (4.67%)
Australia$6.44M (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubberworking Machinery BY Canada WERE (2022 - 2023):
Poland-$19.4M (-93.1%)
China-$9.59M (-15.8%)
Egypt-$7.73M (-83.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Rubberworking Machinery were:
China $6.97B
Germany $6.13B
Japan $2.61B
In 2023, Canada's main importing competitors in Rubberworking Machinery were:
United States $3.68B
China $3.11B
Mexico $1.64B

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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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