Rubber in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $7.69M in Rubber, making it the 40th largest exporter of Rubber in the world. At the same year, Rubber was the 813th most exported product in Canada. The main destination of Rubber exports from Canada are: United States ($7.52M), Germany ($49.3k), Canada ($28.3k), Denmark ($26.1k), and Iceland ($24.3k).

The fastest growing export markets for Rubber of Canada between 2021 and 2022 were Germany ($48.9k), Canada ($27.6k), and Iceland ($24.3k).

Imports In 2022, Canada imported $356M in Rubber, becoming the 12th largest importer of Rubber in the world. At the same year, Rubber was the 287th most imported product in Canada. Canada imports Rubber primarily from: Indonesia ($169M), Thailand ($74M), Cote d'Ivoire ($31.2M), United States ($28.9M), and Liberia ($22.5M).

The fastest growing import markets in Rubber for Canada between 2021 and 2022 were Cote d'Ivoire ($15.9M), Thailand ($10.1M), and Liberia ($1.7M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Rubber from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Rubber exports accounted up to C$132k and imports accounted up to C$16.9M, resulting in a negative trade balance of C$16.8M. Between January 2023 and January 2024 the exports of Canada's Rubber have increased by C$112k (552%) from C$20.2k to C$132k, while imports increased by C$2.3M (15.8%) from C$14.6M to C$16.9M.

Destinations In January 2024, Rubber were exported mostly to United States (C$110k), Iceland (C$21.1k), and Saudi Arabia (C$524), and were imported mostly from Indonesia (C$6.12M), Thailand (C$4.2M), Liberia (C$3.07M), Cote d'Ivoire (C$2.62M), and United States (C$276k).

Growth In January 2024, the increase in Rubber's year-by-year exports was explained primarily by an increase in exports to . In January 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from Cote d'Ivoire (C$2.8M or 405%), Germany (C$45.8k or 349%), and Malaysia (C$21.2k or 5.69%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$112k(552%)

IMPORT GROWTH (January 2023 - January 2024)C$2.3M(15.8%)

MAIN EXPORTER (January 2024)OntarioC$103k

MAIN DESTINATION (January 2024)United StatesC$110k

This section shows Rubber'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.69M

IMPORTS (2022)$356M

NET TRADE (2022)-$349M

In 2022, Canada exported $7.69M in Rubber. The main destinations of Canada exports on Rubber were United States ($7.52M), Germany ($49.3k), Canada ($28.3k), Denmark ($26.1k), and Iceland ($24.3k).

In 2022, Canada imported $356M in Rubber, mainly from Indonesia ($169M), Thailand ($74M), Cote d'Ivoire ($31.2M), United States ($28.9M), and Liberia ($22.5M).

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