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2022
Exports $1.26MWorld Rnk 20 / 120
Flag Rnk 1011 / 1210
2022
Destination $183k United States
2021 - 2022
FASTEST GROWING MARKET $183kPhilippines
2022
PRODUCT COMPLEXITY IN Natural Cork Articles-0.86Rnk 792 / 1025
2022
Imports $10.1MWorld Rnk 13 / 201
Flag Rnk 954 / 1213
2022
Origin $925k United States
2021 - 2022
FASTEST GROWING ORIGIN $925kPortugal
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.26M in Natural Cork Articles, making it the 20th largest exporter of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 1011th most exported product in Canada. The main destination of Natural Cork Articles exports from Canada are: United States ($442k), China ($214k), Philippines ($183k), Hong Kong ($150k), and Maldives ($107k).

The fastest growing export markets for Natural Cork Articles of Canada between 2021 and 2022 were Philippines ($183k), Hong Kong ($142k), and Maldives ($106k).

Imports In 2022, Canada imported $10.1M in Natural Cork Articles, becoming the 13th largest importer of Natural Cork Articles in the world. At the same year, Natural Cork Articles was the 954th most imported product in Canada. Canada imports Natural Cork Articles primarily from: United States ($5.38M), Portugal ($2.77M), Mexico ($311k), Germany ($305k), and Chinese Taipei ($291k).

The fastest growing import markets in Natural Cork Articles for Canada between 2021 and 2022 were Portugal ($925k), United States ($832k), and Chinese Taipei ($175k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Natural Cork Articles exports accounted up to C$14.5k and imports accounted up to C$777k, resulting in a negative trade balance of C$762k. Between October 2022 and June 2024 the exports of Canada's   Natural Cork Articles have increased by C$7.75k (115%) from C$6.76k to C$14.5k, while imports decreased by C$-62.1k (-7.4%) from C$839k to C$777k.

Destinations In June 2024, Natural Cork Articles were exported mostly to United States (C$14.5k), and were imported mostly from Portugal (C$520k), United States (C$173k), Spain (C$41.9k), China (C$28.2k), and Mexico (C$10.7k).

Growth In June 2024, the increase in Natural Cork Articles's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Natural Cork Articles's year-by-year imports was explained primarily by a decrease in imports from United States (C$-201k or -75.2%), France (C$-58.6k or -100%), and United Kingdom (C$-42.4k or -99.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - June 2024)C$7.75k(115%)
IMPORT GROWTH (June 2023 - June 2024)C$-62.1k(-7.4%)
MAIN EXPORTER (June 2024)OntarioC$14.5k
MAIN DESTINATION (June 2024)United StatesC$14.5k

This section shows Natural Cork Articles'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 Natural Cork Articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.26M
IMPORTS (2022)$10.1M
NET TRADE (2022)-$8.85M

In 2022, Canada exported $1.26M in Natural Cork Articles. The main destinations of Canada exports on Natural Cork Articles were United States ($442k), China ($214k), Philippines ($183k), Hong Kong ($150k), and Maldives ($107k).

In 2022, Canada imported $10.1M in Natural Cork Articles, mainly from United States ($5.38M), Portugal ($2.77M), Mexico ($311k), Germany ($305k), and Chinese Taipei ($291k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural Cork Articles EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Philippines$183k (1%)
Hong Kong$142k (1.67k%)
Maldives$106k (7.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural Cork Articles BY Canada WERE (2021 - 2022):
Saudi Arabia-$277k (-100%)
United States-$247k (-35.8%)
Italy-$65.4k (-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 Natural Cork Articles were:
Portugal $510M
Spain $48.4M
United Arab Emirates $28.9M
In 2022, Canada's main importing competitors in Natural Cork Articles were:
United States $156M
France $136M
Spain $66.8M

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Trade Value of Natural Cork Articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $542k
TOP IMPORT POTENTIALSpain+ $141k

Natural Cork Articles’s highest export potential is United States. With an export gap of $542k.   Natural Cork Articles’s highest import potential is Spain with an import gap of $141k.

See methodology.

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