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2022
Exports $819kWorld Rnk 28 / 104
Flag Rnk 1055 / 1210
2022
Destination $398k United States
2021 - 2022
FASTEST GROWING MARKET $398kUnited States
2022
Imports $1.09MWorld Rnk 38 / 163
Flag Rnk 1138 / 1213
2022
Origin $98.3k United States
2021 - 2022
FASTEST GROWING ORIGIN $98.3kItaly
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $819k in Vegetable Tanning Extracts, making it the 28th largest exporter of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1055th most exported product in Canada. The main destination of Vegetable Tanning Extracts exports from Canada are: United States ($572k), France ($184k), Australia ($23k), Italy ($21.1k), and India ($13.8k).

The fastest growing export markets for Vegetable Tanning Extracts of Canada between 2021 and 2022 were United States ($398k), France ($101k), and Australia ($23k).

Imports In 2022, Canada imported $1.09M in Vegetable Tanning Extracts, becoming the 38th largest importer of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1138th most imported product in Canada. Canada imports Vegetable Tanning Extracts primarily from: United States ($515k), France ($191k), Italy ($173k), Germany ($63.1k), and Argentina ($58.9k).

The fastest growing import markets in Vegetable Tanning Extracts for Canada between 2021 and 2022 were Italy ($98.3k), Germany ($7.6k), and Mexico ($5.77k).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Vegetable Tanning Extracts exports accounted up to C$45.5k and imports accounted up to C$119k, resulting in a negative trade balance of C$73.7k. Between July 2020 and February 2024 the exports of Canada's   Vegetable Tanning Extracts have increased by C$13.1k (40.4%) from C$32.4k to C$45.5k, while imports decreased by C$-67.2k (-36.1%) from C$186k to C$119k.

Destinations In February 2024, Vegetable Tanning Extracts were exported mostly to , and were imported mostly from China (C$53.9k), United States (C$37.2k), Italy (C$20k), India (C$2.8k), and Belgium (C$2.74k).

Growth In February 2024, the increase in Vegetable Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Vegetable Tanning Extracts's year-by-year imports was explained primarily by a decrease in imports from Belgium (C$-27.3k or -98.6%), United States (C$-7.22k or -15.8%), and Italy (C$-576 or -6.05%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2020 - February 2024)C$13.1k(40.4%)
IMPORT GROWTH (July 2023 - July 2024)C$-67.2k(-36.1%)
MAIN EXPORTER (February 2024)Nova ScotiaC$45.5k
MAIN DESTINATION (February 2024)

This section shows Vegetable Tanning Extracts'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 Vegetable Tanning Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$819k
IMPORTS (2022)$1.09M
NET TRADE (2022)-$274k

In 2022, Canada exported $819k in Vegetable Tanning Extracts. The main destinations of Canada exports on Vegetable Tanning Extracts were United States ($572k), France ($184k), Australia ($23k), Italy ($21.1k), and India ($13.8k).

In 2022, Canada imported $1.09M in Vegetable Tanning Extracts, mainly from United States ($515k), France ($191k), Italy ($173k), Germany ($63.1k), and Argentina ($58.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Tanning Extracts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$398k (228%)
France$101k (123%)
Australia$23k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Tanning Extracts BY Canada WERE (2021 - 2022):
India-$109k (-88.7%)
Vietnam-$5.92k (-100%)
Canada-$279 (-71.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Vegetable Tanning Extracts were:
Argentina $72.9M
South Africa $60M
Indonesia $54.6M
In 2022, Canada's main importing competitors in Vegetable Tanning Extracts were:
India $85.5M
Italy $44.7M
China $29.6M

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Trade Value of Vegetable Tanning Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $244k
TOP IMPORT POTENTIALArgentina+ $54.7k

Vegetable Tanning Extracts’s highest export potential is United States. With an export gap of $244k.   Vegetable Tanning Extracts’s highest import potential is Argentina with an import gap of $54.7k.

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