2022
Exports
$167MWorld Rnk 11 / 157
Flag Rnk 318 / 1210
2022
PRODUCT COMPLEXITY IN Silicone
1.72Rnk 20 / 1025
2022
Imports
$235MWorld Rnk 15 / 215
Flag Rnk 369 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $167M in Silicone, making it the 11th largest exporter of Silicone in the world. At the same year, Silicone was the 318th most exported product in Canada. The main destination of Silicone exports from Canada are: United States ($114M), Netherlands ($15.3M), France ($4.47M), Italy ($4.24M), and China ($3.4M).

The fastest growing export markets for Silicone of Canada between 2021 and 2022 were United States ($19.1M), Netherlands ($7.31M), and Italy ($2.2M).

Imports In 2022, Canada imported $235M in Silicone, becoming the 15th largest importer of Silicone in the world. At the same year, Silicone was the 369th most imported product in Canada. Canada imports Silicone primarily from: United States ($152M), China ($48.4M), Germany ($13.1M), Japan ($6.43M), and South Korea ($3.91M).

The fastest growing import markets in Silicone for Canada between 2021 and 2022 were China ($31.4M), United States ($24.1M), and Japan ($5.36M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$3.8M(30.7%)
IMPORT GROWTH (June 2023 - June 2024)C$-285k(-1.63%)
MAIN EXPORTER (June 2024)OntarioC$17.2M
MAIN DESTINATION (June 2024)United StatesC$9.96M

This section shows Silicone'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 Silicone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$167M
IMPORTS (2022)$235M
NET TRADE (2022)-$68.6M

In 2022, Canada exported $167M in Silicone. The main destinations of Canada exports on Silicone were United States ($114M), Netherlands ($15.3M), France ($4.47M), Italy ($4.24M), and China ($3.4M).

In 2022, Canada imported $235M in Silicone, mainly from United States ($152M), China ($48.4M), Germany ($13.1M), Japan ($6.43M), and South Korea ($3.91M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$19.1M (20.1%)
Netherlands$7.31M (91.4%)
Italy$2.2M (107%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Canada WERE (2021 - 2022):
Germany-$1.82M (-37.5%)
Saudi Arabia-$1.17M (-78.1%)
China-$523k (-13.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Silicone were:
In 2022, Canada's main importing competitors in Silicone were:

Explore Visualizations

Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.2M
TOP IMPORT POTENTIALUnited States+ $15.2M

Silicone’s highest export potential is United States. With an export gap of $26.2M.   Silicone’s highest import potential is United States with an import gap of $15.2M.

See methodology.

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