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2022
Exports $361kWorld Rnk 25 / 70
Flag Rnk 1100 / 1210
2022
Destination $297k United States
2021 - 2022
FASTEST GROWING MARKET $297kUnited States
2022
Imports $2.65MWorld Rnk 25 / 128
Flag Rnk 1088 / 1213
2022
Origin $538k United States
2021 - 2022
FASTEST GROWING ORIGIN $538kUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $361k in Borax, making it the 25th largest exporter of Borax in the world. At the same year, Borax was the 1100th most exported product in Canada. The main destination of Borax exports from Canada are: United States ($333k), United Arab Emirates ($23.3k), Guyana ($4.6k), and Canada ($87).

The fastest growing export markets for Borax of Canada between 2021 and 2022 were United States ($297k), Guyana ($4.6k), and United Arab Emirates ($161).

Imports In 2022, Canada imported $2.65M in Borax, becoming the 25th largest importer of Borax in the world. At the same year, Borax was the 1088th most imported product in Canada. Canada imports Borax primarily from: United States ($1.74M), Turkey ($376k), Bolivia ($225k), Argentina ($200k), and Chile ($109k).

The fastest growing import markets in Borax for Canada between 2021 and 2022 were United States ($538k), Chile ($109k), and Bolivia ($66.1k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Borax exports accounted up to C$63.1k and imports accounted up to C$126k, resulting in a negative trade balance of C$63.3k. Between May 2023 and August 2024 the exports of Canada's   Borax have decreased by C$-62.2k (-49.6%) from C$125k to C$63.1k, while imports increased by C$14.8k (13.3%) from C$112k to C$126k.

Destinations In August 2024, Borax were exported mostly to India (C$59k) and United States (C$4.17k), and were imported mostly from United States (C$125k) and Turkey (C$1.23k).

Growth In August 2024, the decrease in Borax's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the increase in Borax's year-by-year imports was explained primarily by an increase in imports from Turkey (C$16.4k or 49.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - August 2024)C$-62.2k(-49.6%)
IMPORT GROWTH (August 2023 - August 2024)C$14.8k(13.3%)
MAIN EXPORTER (August 2024)QuebecC$131k
MAIN DESTINATION (August 2024)IndiaC$59k

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$361k
IMPORTS (2022)$2.65M
NET TRADE (2022)-$2.29M

In 2022, Canada exported $361k in Borax. The main destinations of Canada exports on Borax were United States ($333k), United Arab Emirates ($23.3k), Guyana ($4.6k), and Canada ($87).

In 2022, Canada imported $2.65M in Borax, mainly from United States ($1.74M), Turkey ($376k), Bolivia ($225k), Argentina ($200k), and Chile ($109k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borax EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$297k (838%)
Guyana$4.6k (1%)
United Arab Emirates$161 (0.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borax BY Canada WERE (2021 - 2022):
Bahrain-$8.42k (-100%)
Oman-$3.42k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Borax were:
Turkey $271M
Bolivia $80.1M
Argentina $24.4M
In 2022, Canada's main importing competitors in Borax were:
China $121M
Brazil $70.4M
India $25.3M

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Trade Value of Borax by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $78k
TOP IMPORT POTENTIALTurkey+ $200k

Borax’s highest export potential is United States. With an export gap of $78k.   Borax’s highest import potential is Turkey with an import gap of $200k.

See methodology.

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