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2022
Exports $20BWorld Rnk 1 / 221
Flag Rnk 5 / 96
2022
Destination $85.8M United States
2021 - 2022
FASTEST GROWING MARKET $85.8MPhilippines
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal0.3Rnk 451 / 1025
2022
Imports $4.03BWorld Rnk 9 / 226
Flag Rnk 26 / 96
2022
Origin $157M United States
2021 - 2022
FASTEST GROWING ORIGIN $157MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $20B in Wood, wood articles, & charcoal, making it the 1st largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 5th most exported product in Canada. The main destination of Wood, wood articles, & charcoal exports from Canada are: United States ($17.1B), Japan ($1.12B), China ($481M), United Kingdom ($251M), and Philippines ($249M).

The fastest growing export markets for Wood, wood articles, & charcoal of Canada between 2021 and 2022 were Philippines ($85.8M), New Zealand ($16.9M), and Italy ($13.8M).

Imports In 2022, Canada imported $4.03B in Wood, wood articles, & charcoal, becoming the 9th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 26th most imported product in Canada. Canada imports Wood, wood articles, & charcoal primarily from: United States ($2.59B), China ($731M), Germany ($80.6M), Turkey ($59.4M), and Brazil ($52.8M).

The fastest growing import markets in Wood, wood articles, & charcoal for Canada between 2021 and 2022 were United States ($157M), Belgium ($7.83M), and Cameroon ($6.27M).

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

Latest Trends

June 2024

About

Overview In June 2024 Canada's Wood, wood articles, & charcoal exports accounted up to C$1.59B and imports accounted up to C$403M, resulting in a positive trade balance of C$1.19B. Between June 2023 and June 2024 the exports of Canada's   Wood, wood articles, & charcoal have increased by C$575M (56.5%) from C$1.02B to C$1.59B, while imports decreased by C$-10.6M (-2.57%) from C$413M to C$403M.

Destinations In June 2024, Wood, wood articles, & charcoal were exported mostly to United States (C$1.38B), Japan (C$81.5M), China (C$38.2M), United Kingdom (C$28.2M), and Philippines (C$9.64M), and were imported mostly from United States (C$255M), China (C$80.4M), Turkey (C$6.89M), Germany (C$4.9M), and Mexico (C$4.79M).

Growth In June 2024, the increase in Wood, wood articles, & charcoal's year-by-year exports was explained primarily by an increase in exports to France (C$8.17M or 911%), Denmark (C$5.11M or 999%), and Germany (C$1.24M or 100%). In June 2024, the decrease in Wood, wood articles, & charcoal's year-by-year imports was explained primarily by a decrease in imports from Russia (C$-6.18M or -95.4%), Brazil (C$-2.08M or -26.1%), and Austria (C$-1.83M or -48.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$575M(56.5%)
IMPORT GROWTH (June 2023 - June 2024)C$-10.6M(-2.57%)
MAIN EXPORTER (June 2024)British ColumbiaC$691M
MAIN DESTINATION (June 2024)United StatesC$1.38B

This section shows Wood, wood articles, & charcoal'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, wood articles, & charcoal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20B
IMPORTS (2022)$4.03B
NET TRADE (2022)$16B

In 2022, Canada exported $20B in Wood, wood articles, & charcoal. The main destinations of Canada exports on Wood, wood articles, & charcoal were United States ($17.1B), Japan ($1.12B), China ($481M), United Kingdom ($251M), and Philippines ($249M).

In 2022, Canada imported $4.03B in Wood, wood articles, & charcoal, mainly from United States ($2.59B), China ($731M), Germany ($80.6M), Turkey ($59.4M), and Brazil ($52.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Philippines$85.8M (52.5%)
New Zealand$16.9M (32.1%)
Italy$13.8M (169%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Canada WERE (2021 - 2022):
United States-$2.31B (-11.9%)
China-$206M (-30%)
Japan-$191M (-14.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Canada's main importing competitors in Wood, wood articles, & charcoal were:
United States $34B
China $18B
Germany $11.6B

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $248M
TOP IMPORT POTENTIALGermany+ $35.7M

Wood, wood articles, & charcoal’s highest export potential is United States. With an export gap of $248M.   Wood, wood articles, & charcoal’s highest import potential is Germany with an import gap of $35.7M.

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