Soap in 
Canada
2020 Exports | Imports : $52.2M | $349M, World Rnk 32 / 197 Rnk 451 / 1208 | World Rnk 4 / 223 Rnk 245 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $4.17M | $33.2M, Indonesia | China
Exports In 2020, Canada exported $52.2M in Soap, making it the 32nd largest exporter of Soap in the world. At the same year, Soap was the 451st most exported product in Canada. The main destination of Soap exports from Canada are: United States ($39.7M), Indonesia ($4.58M), Chinese Taipei ($1.5M), Dominican Republic ($1.12M), and China ($885k).
The fastest growing export markets for Soap of Canada between 2019 and 2020 were Indonesia ($4.17M), Japan ($432k), and Chinese Taipei ($250k).
Imports In 2020, Canada imported $349M in Soap, becoming the 4th largest importer of Soap in the world. At the same year, Soap was the 245th most imported product in Canada. Canada imports Soap primarily from: United States ($266M), China ($55.9M), United Kingdom ($3.44M), Italy ($3.36M), and Turkey ($2.1M).
The fastest growing import markets in Soap for Canada between 2019 and 2020 were China ($33.2M), United States ($15.7M), and Turkey ($1.75M).
Tariffs In 2018, the average tariff for Canada in Soap was 1.85%. The countries with the highest import tariffs for Soap were Australia (Preferential tariff for Australia (CANATA) Canada Australia Trade Agreement, 4%), New Zealand (Australian New Zealand Closer Economic Relations Trade Agreement (ANZCERTA)(1 January 1983), 4%), Botswana (Most Favoured Nation duty rate treatement, 3.56%), Algeria (Most Favoured Nation duty rate treatement, 3.56%), and Western Sahara (Most Favoured Nation duty rate treatement, 3.56%).
Latest Trends
#permalink to sectionNovember 2021
Overview In November 2021 Canada's Soap exports accounted up to C$39.8M and imports accounted up to C$58.7M, resulting in a negative trade balance of C$18.9M. Between November 2020 and November 2021 the exports of Canada's Soap have decreased by C$-4.92M (-11%) from C$44.7M to C$39.8M, while imports decreased by C$-8.59M (-12.8%) from C$67.3M to C$58.7M.
Destinations In November 2021, Soap were exported mostly to United States (C$37.9M), China (C$324k), Netherlands (C$216k), United Kingdom (C$205k), and Singapore (C$160k), and were imported mostly from United States (C$47M), China (C$2.57M), France (C$1.41M), Mexico (C$1.26M), and United Kingdom (C$1.15M).
Growth In November 2021, the decrease in Soap's year-by-year exports was explained primarily by a decrease in exports to South Korea (C$-221k or -91.9%), United Arab Emirates (C$-196k or -90.7%), and Russia (C$-149k or -99.8%). In November 2021, the decrease in Soap's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-666k or -53.8%), France (C$-544k or -39.9%), and Mexico (C$-261k or -25.7%).
Subnational Monthly Trade
#permalink to sectionEXPORT GROWTH (November 2020 - November 2021): C$-4.92M, (-11%)
IMPORT GROWTH (November 2020 - November 2021): C$-8.59M, (-12.8%)
MAIN EXPORTER (November 2021): Ontario, C$20.5M
MAIN DESTINATION (November 2021): United States, C$37.9M
This section shows Soap'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 Soap over time.
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Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (2020): $52.2M
IMPORTS (2020): $349M
NET TRADE (2020): -$297M
In 2020, Canada exported $52.2M in Soap. The main destinations of Canada exports on Soap were United States ($39.7M), Indonesia ($4.58M), Chinese Taipei ($1.5M), Dominican Republic ($1.12M), and China ($885k).
In 2020, Canada imported $349M in Soap, mainly from United States ($266M), China ($55.9M), United Kingdom ($3.44M), Italy ($3.36M), and Turkey ($2.1M).
Net Trade
#permalink to sectionIN 2020, Canada HAD A POSITIVE NET TRADE IN Soap WITH:
- Indonesia , $3.05M ($4.58M - $1.54M)
- Chinese Taipei , $1.4M ($1.5M - $106k)
- Dominican Republic , $1.09M ($1.12M - $29.8k)
IN 2020, Canada HAD A NEGATIVE NET TRADE IN Soap WITH:
- United States , -$226M ($39.7M - $266M)
- China , -$55.1M ($885k - $55.9M)
- Italy , -$3.36M ($181 - $3.36M)
Market Growth
#permalink to sectionTHE FASTEST GROWING Soap EXPORT MARKETS FOR Canada WERE (2019 - 2020):
- Indonesia, $4.17M (1.02k%)
- Japan, $432k (188%)
- Chinese Taipei, $250k (19.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY Canada WERE (2019 - 2020):
- United States, -$7.42M (-15.7%)
- China, -$2.29M (-72.1%)
- Belgium, -$358k (-83.2%)
Market Concentration
#permalink to sectionIn 2019, Canada's main exporting competitors in Soap were:
In 2019, Canada's main importing competitors in Soap were:
- United States , $1.01B
- Germany , $457M
- United Kingdom , $397M
Tariffs
#permalink to sectionTariffs by Country
#permalink to sectionIn 2018, the average tariff for Canada in Soap was 1.85%.
The countries with the highest tariffs for Soap in Canada were Australia (Preferential tariff for Australia (CANATA) Canada Australia Trade Agreement, 4%), New Zealand (Australian New Zealand Closer Economic Relations Trade Agreement (ANZCERTA)(1 January 1983), 4%), Botswana (Most Favoured Nation duty rate treatement, 3.56%), Algeria (Most Favoured Nation duty rate treatement, 3.56%), and Western Sahara (Most Favoured Nation duty rate treatement, 3.56%).
