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2022
Exports $44.4MWorld Rnk 11 / 112
Flag Rnk 509 / 1210
2022
Destination $947k United States
2021 - 2022
FASTEST GROWING MARKET $947kGermany
2022
PRODUCT COMPLEXITY IN Soapstone-0.16Rnk 602 / 1025
2022
Imports $16.3MWorld Rnk 19 / 195
Flag Rnk 894 / 1213
2022
Origin $2.14M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.14MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $44.4M in Soapstone, making it the 11th largest exporter of Soapstone in the world. At the same year, Soapstone was the 509th most exported product in Canada. The main destination of Soapstone exports from Canada are: United States ($38.3M), Germany ($4.52M), China ($964k), Mexico ($430k), and El Salvador ($103k).

The fastest growing export markets for Soapstone of Canada between 2021 and 2022 were Germany ($947k), Mexico ($366k), and Guyana ($20.2k).

Imports In 2022, Canada imported $16.3M in Soapstone, becoming the 19th largest importer of Soapstone in the world. At the same year, Soapstone was the 894th most imported product in Canada. Canada imports Soapstone primarily from: United States ($15.4M), China ($224k), Brazil ($178k), Italy ($153k), and Luxembourg ($53.1k).

The fastest growing import markets in Soapstone for Canada between 2021 and 2022 were United States ($2.14M), China ($142k), and Brazil ($66.6k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Soapstone exports accounted up to C$5.55M and imports accounted up to C$1.79M, resulting in a positive trade balance of C$3.76M. Between August 2023 and August 2024 the exports of Canada's   Soapstone have decreased by C$-548k (-8.98%) from C$6.1M to C$5.55M, while imports increased by C$108k (6.43%) from C$1.68M to C$1.79M.

Destinations In August 2024, Soapstone were exported mostly to United States (C$4.66M), Germany (C$674k), Mexico (C$213k), South Korea (C$4.23k), and Suriname (C$187), and were imported mostly from United States (C$1.59M), China (C$89.4k), France (C$44.9k), Italy (C$37.8k), and Brazil (C$19.4k).

Growth In August 2024, the decrease in Soapstone's year-by-year exports was explained primarily by a decrease in exports to China (C$-276k or -59.7%) and Germany (C$-236k or -73.4%). In August 2024, the increase in Soapstone's year-by-year imports was explained primarily by an increase in imports from China (C$541k or 286k%), United States (C$311k or 26.5%), and United Kingdom (C$1.27k or 59.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-548k(-8.98%)
IMPORT GROWTH (August 2023 - August 2024)C$108k(6.43%)
MAIN EXPORTER (August 2024)OntarioC$5.95M
MAIN DESTINATION (August 2024)United StatesC$4.66M

This section shows Soapstone'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 Soapstone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.4M
IMPORTS (2022)$16.3M
NET TRADE (2022)$28.1M

In 2022, Canada exported $44.4M in Soapstone. The main destinations of Canada exports on Soapstone were United States ($38.3M), Germany ($4.52M), China ($964k), Mexico ($430k), and El Salvador ($103k).

In 2022, Canada imported $16.3M in Soapstone, mainly from United States ($15.4M), China ($224k), Brazil ($178k), Italy ($153k), and Luxembourg ($53.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Germany$947k (26.5%)
Mexico$366k (565%)
Guyana$20.2k (907%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY Canada WERE (2021 - 2022):
United States-$3.57M (-8.53%)
China-$980k (-50.4%)
New Zealand-$99.7k (-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 Soapstone were:
China $195M
United States $116M
Pakistan $113M
In 2022, Canada's main importing competitors in Soapstone were:
Germany $124M
United States $123M
Japan $83.6M

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $646k
TOP IMPORT POTENTIALChina+ $364k

Soapstone’s highest export potential is China. With an export gap of $646k.   Soapstone’s highest import potential is China with an import gap of $364k.

See methodology.

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