Synthetic Rubber in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $210M in Synthetic Rubber, making it the 23rd largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 270th most exported product in Canada. The main destination of Synthetic Rubber exports from Canada are: United States ($85.5M), China ($48M), Belgium ($15.5M), South Korea ($11.6M), and Mexico ($9.75M).

The fastest growing export markets for Synthetic Rubber of Canada between 2021 and 2022 were Belgium ($15.3M), South Korea ($9.34M), and Finland ($7.88M).

Imports In 2022, Canada imported $576M in Synthetic Rubber, becoming the 16th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 197th most imported product in Canada. Canada imports Synthetic Rubber primarily from: United States ($388M), South Korea ($66.5M), Indonesia ($22.7M), China ($20.4M), and Chinese Taipei ($9.79M).

The fastest growing import markets in Synthetic Rubber for Canada between 2021 and 2022 were United States ($55M), Indonesia ($7.59M), and Thailand ($5.84M).

COMPANIES In 2023, leading companies such as SUMITOMO RUBBER NORTH AMERICA, INC. (62) were at the forefront of shipping Synthetic Rubber from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Synthetic Rubber exports accounted up to C$25.9M and imports accounted up to C$43.2M, resulting in a negative trade balance of C$17.4M. Between January 2023 and January 2024 the exports of Canada's Synthetic Rubber have increased by C$5.3M (25.8%) from C$20.6M to C$25.9M, while imports decreased by C$-7.1M (-14.1%) from C$50.3M to C$43.2M.

Destinations In January 2024, Synthetic Rubber were exported mostly to Belgium (C$7.15M), United States (C$6.86M), China (C$5.66M), India (C$1.25M), and Chile (C$1.12M), and were imported mostly from United States (C$28.3M), South Korea (C$7.67M), Germany (C$1.47M), Japan (C$883k), and Spain (C$852k).

Growth In January 2024, the increase in Synthetic Rubber's year-by-year exports was explained primarily by an increase in exports to United States (C$3.86M or 64.8%), South Korea (C$622k or 68.6%), and India (C$587k or 5.58k%). In January 2024, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from Russia (C$-2.02M or -97.5%), Netherlands (C$-488k or -61.1%), and Spain (C$-447k or -53.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$5.3M(25.8%)

IMPORT GROWTH (January 2023 - January 2024)C$-7.1M(-14.1%)

MAIN EXPORTER (January 2024)OntarioC$25.8M

MAIN DESTINATION (January 2024)BelgiumC$7.15M

This section shows Synthetic Rubber'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 Synthetic Rubber over time.

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