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2018
Exports $3.52BWorld Rnk 20 / 226
Flag Rnk 32 / 96
2018
Destination $93.3M United States
2021 - 2022
FASTEST GROWING MARKET $93.3MUnited States
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2018
Imports $6.99BWorld Rnk 6 / 226
Flag Rnk 16 / 96
2018
Origin $256M United States
2021 - 2022
FASTEST GROWING ORIGIN $256MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2018, Canada exported $3.52B in Rubber & articles thereof, making it the 20th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 32nd most exported product in Canada. The main destination of Rubber & articles thereof exports from Canada are: United States ($3.1B), Mexico ($96.2M), China ($57.1M), Canada ($46.8M), and Belgium ($20.4M).

The fastest growing export markets for Rubber & articles thereof of Canada between 2021 and 2022 were United States ($93.3M), Belgium ($15.2M), and South Korea ($9.29M).

Imports In 2022, Canada imported $6.99B in Rubber & articles thereof, becoming the 6th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 16th most imported product in Canada. Canada imports Rubber & articles thereof primarily from: United States ($3.67B), China ($930M), Japan ($258M), Indonesia ($257M), and Thailand ($217M).

The fastest growing import markets in Rubber & articles thereof for Canada between 2021 and 2022 were United States ($256M), India ($32.5M), and Japan ($31.2M).

COMPANIES In 2023, leading companies such as CNH Industrial (2), Sumitomo Rubber (2), and GE RENEWABLES NORTH AMERICA LLC (1) were at the forefront of shipping Rubber & articles thereof from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Rubber & articles thereof exports accounted up to C$402M and imports accounted up to C$836M, resulting in a negative trade balance of C$434M. Between June 2023 and June 2024 the exports of Canada's   Rubber & articles thereof have increased by C$48.5M (13.7%) from C$353M to C$402M, while imports decreased by C$-11.9M (-1.4%) from C$848M to C$836M.

Destinations In June 2024, Rubber & articles thereof were exported mostly to United States (C$366M), Belgium (C$10.2M), Mexico (C$7.82M), China (C$5.85M), and Chile (C$1.52M), and were imported mostly from United States (C$366M), China (C$119M), Japan (C$59.8M), Mexico (C$30.9M), and Germany (C$24.9M).

Growth In June 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to United States (C$34M or 12.2%), Belgium (C$2.83M or 955%), and United Kingdom (C$748k or 112%). In June 2024, the decrease in Rubber & articles thereof's year-by-year imports was explained primarily by a decrease in imports from Malaysia (C$-13.5M or -49%), Indonesia (C$-9.08M or -48.8%), and Russia (C$-5.79M or -94.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$48.5M(13.7%)
IMPORT GROWTH (June 2023 - June 2024)C$-11.9M(-1.4%)
MAIN EXPORTER (June 2024)OntarioC$170M
MAIN DESTINATION (June 2024)United StatesC$366M

This section shows Rubber & articles thereof'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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.52B
IMPORTS (2022)$6.99B
NET TRADE (2022)-$3.48B

In 2022, Canada exported $3.52B in Rubber & articles thereof. The main destinations of Canada exports on Rubber & articles thereof were United States ($3.1B), Mexico ($96.2M), China ($57.1M), Canada ($46.8M), and Belgium ($20.4M).

In 2022, Canada imported $6.99B in Rubber & articles thereof, mainly from United States ($3.67B), China ($930M), Japan ($258M), Indonesia ($257M), and Thailand ($217M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$93.3M (3.1%)
Belgium$15.2M (292%)
South Korea$9.29M (160%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Canada WERE (2021 - 2022):
China-$14.8M (-20.6%)
Germany-$6.56M (-41.1%)
Canada-$5.11M (-9.84%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Thailand $20.1B
Germany $17.1B
In 2022, Canada's main importing competitors in Rubber & articles thereof were:
United States $36.1B
China $17.3B
Germany $16.5B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $649M
TOP IMPORT POTENTIALChina+ $226M

Rubber & articles thereof’s highest export potential is United States. With an export gap of $649M.   Rubber & articles thereof’s highest import potential is China with an import gap of $226M.

See methodology.

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