Plastic Lids in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $2.5B in Plastic Lids, making it the 5th largest exporter of Plastic Lids in the world. At the same year, Plastic Lids was the 35th most exported product in Canada. The main destination of Plastic Lids exports from Canada are: United States ($2.39B), Mexico ($33.4M), Canada ($12M), United Kingdom ($6.77M), and Japan ($5.37M).

The fastest growing export markets for Plastic Lids of Canada between 2021 and 2022 were United States ($161M), Canada ($2.25M), and Japan ($1.14M).

Imports In 2022, Canada imported $3.2B in Plastic Lids, becoming the 4th largest importer of Plastic Lids in the world. At the same year, Plastic Lids was the 29th most imported product in Canada. Canada imports Plastic Lids primarily from: United States ($2.42B), China ($433M), Mexico ($41M), South Korea ($38.8M), and Chinese Taipei ($35.8M).

The fastest growing import markets in Plastic Lids for Canada between 2021 and 2022 were United States ($290M), China ($12.7M), and Mexico ($12M).

COMPANIES In 2023, leading companies such as YAMAHA CORPORATION OF AMERICA (1) were at the forefront of shipping Plastic Lids from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Plastic Lids exports accounted up to C$253M and imports accounted up to C$321M, resulting in a negative trade balance of C$68.4M. Between February 2023 and February 2024 the exports of Canada's Plastic Lids have increased by C$10.8M (4.48%) from C$242M to C$253M, while imports increased by C$6.94M (2.21%) from C$314M to C$321M.

Destinations In February 2024, Plastic Lids were exported mostly to United States (C$246M), Mexico (C$2.37M), France (C$616k), India (C$392k), and Germany (C$264k), and were imported mostly from United States (C$237M), China (C$47.4M), Mexico (C$7.63M), South Korea (C$5.12M), and Germany (C$2.64M).

Growth In February 2024, the increase in Plastic Lids's year-by-year exports was explained primarily by an increase in exports to United States (C$11.2M or 4.64%), Mexico (C$1.07M or 38.9%), and India (C$266k or 369%). In February 2024, the increase in Plastic Lids's year-by-year imports was explained primarily by an increase in imports from United States (C$29.8M or 13.7%), China (C$9.34M or 24.6%), and Mexico (C$4.39M or 121%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$10.8M(4.48%)

IMPORT GROWTH (February 2023 - February 2024)C$6.94M(2.21%)

MAIN EXPORTER (February 2024)OntarioC$183M

MAIN DESTINATION (February 2024)United StatesC$246M

This section shows Plastic Lids'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 Plastic Lids over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.5B

IMPORTS (2022)$3.2B

NET TRADE (2022)-$698M

In 2022, Canada exported $2.5B in Plastic Lids. The main destinations of Canada exports on Plastic Lids were United States ($2.39B), Mexico ($33.4M), Canada ($12M), United Kingdom ($6.77M), and Japan ($5.37M).

In 2022, Canada imported $3.2B in Plastic Lids, mainly from United States ($2.42B), China ($433M), Mexico ($41M), South Korea ($38.8M), and Chinese Taipei ($35.8M).

Explore Visualizations