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2022
Exports $219MWorld Rnk 16 / 145
Flag Rnk 261 / 1210
2022
Destination $18.2M United States
2021 - 2022
FASTEST GROWING MARKET $18.2MUnited States
2022
PRODUCT COMPLEXITY IN Carboxylic Acids0.82Rnk 239 / 1025
2022
Imports $211MWorld Rnk 20 / 203
Flag Rnk 395 / 1213
2022
Origin $30.4MN/A
2021 - 2022
FASTEST GROWING ORIGIN $30.4MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $219M in Carboxylic Acids, making it the 16th largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 261st most exported product in Canada. The main destination of Carboxylic Acids exports from Canada are: United States ($158M), Mexico ($25.5M), Netherlands ($4.23M), Japan ($3.87M), and Ireland ($2.94M).

The fastest growing export markets for Carboxylic Acids of Canada between 2021 and 2022 were United States ($18.2M), Mexico ($16.6M), and Netherlands ($2.23M).

Imports In 2022, Canada imported $211M in Carboxylic Acids, becoming the 20th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 395th most imported product in Canada. Canada imports Carboxylic Acids primarily from: N/A.

The fastest growing import markets in Carboxylic Acids for Canada between 2021 and 2022 were China ($30.4M), United States ($5.04M), and Italy ($3.06M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Carboxylic Acids exports accounted up to C$5.85M and imports accounted up to C$17.3M, resulting in a negative trade balance of C$11.5M. Between June 2023 and June 2024 the exports of Canada's   Carboxylic Acids have increased by C$389k (7.11%) from C$5.47M to C$5.85M, while imports increased by C$3.59M (26.1%) from C$13.7M to C$17.3M.

Destinations In June 2024, Carboxylic Acids were exported mostly to United States (C$3.34M), Ireland (C$685k), France (C$387k), United Kingdom (C$297k), and Netherlands (C$291k), and were imported mostly from China (C$6.71M), United States (C$6.01M), Germany (C$1.11M), Italy (C$1.01M), and South Korea (C$496k).

Growth In June 2024, the increase in Carboxylic Acids's year-by-year exports was explained primarily by an increase in exports to Germany (C$207k or 173%), Thailand (C$117k or 59.2k%), and Czechia (C$79.5k or 106%). In June 2024, the increase in Carboxylic Acids's year-by-year imports was explained primarily by an increase in imports from United States (C$3.6M or 62.6%), Italy (C$188k or 14.8%), and Spain (C$170k or 38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$389k(7.11%)
IMPORT GROWTH (June 2023 - June 2024)C$3.59M(26.1%)
MAIN EXPORTER (June 2024)OntarioC$5.95M
MAIN DESTINATION (June 2024)United StatesC$3.34M

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$219M
IMPORTS (2022)$211M
NET TRADE (2022)$7.4M

In 2022, Canada exported $219M in Carboxylic Acids. The main destinations of Canada exports on Carboxylic Acids were United States ($158M), Mexico ($25.5M), Netherlands ($4.23M), Japan ($3.87M), and Ireland ($2.94M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$18.2M (13%)
Mexico$16.6M (186%)
Netherlands$2.23M (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY Canada WERE (2021 - 2022):
Germany-$259k (-19.6%)
Eswatini-$159k (-53.1%)
Pakistan-$133k (-77.7%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Carboxylic Acids were:
China $5.45B
India $776M
Germany $731M
In 2022, Canada's main importing competitors in Carboxylic Acids were:
United States $1.67B
Germany $898M
India $642M

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Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37.3M
TOP IMPORT POTENTIALChina+ $11.3M

Carboxylic Acids’s highest export potential is United States. With an export gap of $37.3M.   Carboxylic Acids’s highest import potential is China with an import gap of $11.3M.

See methodology.

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