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2023
Exports $13.6BWorld Rnk 2 / 223
Flag Rnk 12 / 21
2023
Destination $21.2M United States
2022 - 2023
FASTEST GROWING MARKET $21.2MFrance
2023
PRODUCT COMPLEXITY IN Wood Products0.31Rnk 454 / 1025
2023
Imports $3.4BWorld Rnk 9 / 226
Flag Rnk 16 / 21
2023
Origin $11.9M United States
2022 - 2023
FASTEST GROWING ORIGIN $11.9MMexico
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $13.6B in Wood Products, making it the 2nd largest exporter of Wood Products in the world. At the same year, Wood Products was the 12th most exported product in Canada. The main destination of Wood Products exports from Canada are: United States ($11.5B), Japan ($852M), China ($422M), United Kingdom ($156M), and Philippines ($126M).

The fastest growing export markets for Wood Products of Canada between 2022 and 2023 were France ($21.2M), Denmark ($20.4M), and Germany ($4.55M).

Imports In 2023, Canada imported $3.4B in Wood Products, becoming the 9th largest importer of Wood Products in the world. At the same year, Wood Products was the 16th most imported product in Canada. Canada imports Wood Products primarily from: United States ($2.23B), China ($596M), Germany ($65.3M), Vietnam ($47.5M), and Turkey ($47.4M).

The fastest growing import markets in Wood Products for Canada between 2022 and 2023 were Mexico ($11.9M), Latvia ($2.82M), and Portugal ($822k).

COMPANIES In 2023, leading companies such as Costco Wholesale (7) and Celebrity Cruises (1) were at the forefront of shipping Wood Products from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Wood Products exports accounted up to C$1.45B and imports accounted up to C$333M, resulting in a positive trade balance of C$1.11B. Between November 2023 and November 2024 the exports of Canada's   Wood Products have decreased by C$-7.62M (-0.52%) from C$1.46B to C$1.45B, while imports decreased by C$-35.4M (-9.62%) from C$368M to C$333M.

Destinations In November 2024, Wood Products were exported mostly to United States (C$1.26B), Japan (C$58.9M), China (C$39.4M), Denmark (C$15.5M), and South Korea (C$11.6M), and were imported mostly from United States (C$220M), China (C$54.7M), Chile (C$5.34M), Brazil (C$4.62M), and Turkey (C$3.88M).

Growth In November 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to United States (C$-521M or -31.3%), Japan (C$-48.6M or -47.1%), and United Kingdom (C$-31M or -77.4%). In November 2024, the decrease in Wood Products's year-by-year imports was explained primarily by a decrease in imports from Russia (C$-6.18M or -95.4%), Brazil (C$-2.07M or -26.1%), and Austria (C$-1.83M or -48.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-7.62M(-0.52%)
IMPORT GROWTH (November 2023 - November 2024)C$-35.4M(-9.62%)
MAIN EXPORTER (November 2024)British ColumbiaC$691M
MAIN DESTINATION (November 2024)United StatesC$1.26B

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$13.6B
IMPORTS (2023)$3.4B
NET TRADE (2023)$10.2B

In 2023, Canada exported $13.6B in Wood Products. The main destinations of Canada exports on Wood Products were United States ($11.5B), Japan ($852M), China ($422M), United Kingdom ($156M), and Philippines ($126M).

In 2023, Canada imported $3.4B in Wood Products, mainly from United States ($2.23B), China ($596M), Germany ($65.3M), Vietnam ($47.5M), and Turkey ($47.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Canada WERE (2022 - 2023):
France$21.2M (61.5%)
Denmark$20.4M (70%)
Germany$4.55M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Canada WERE (2022 - 2023):
United States-$5.65B (-33%)
Japan-$413M (-32.6%)
United Kingdom-$132M (-45.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Wood Products were:
China $15.6B
Germany $10.8B
In 2023, Canada's main importing competitors in Wood Products were:
United States $24.8B
China $17.1B
Japan $9.87B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $262M
TOP IMPORT POTENTIALGermany+ $36M

Wood Products’s highest export potential is United States. With an export gap of $262M.   Wood Products’s highest import potential is Germany with an import gap of $36M.

See methodology.

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