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2023
Exports $227kWorld Rnk 38 / 108
Flag Rnk 1106 / 1212
2023
Destination $486 United States
2022 - 2023
FASTEST GROWING MARKET $486Turkey
2023
Imports $1.39MWorld Rnk 35 / 165
Flag Rnk 1113 / 1211
2023
Origin $654k United States
2022 - 2023
FASTEST GROWING ORIGIN $654kUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $227k in Vegetable Tanning Extracts, making it the 38th largest exporter of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1106th most exported product in Canada. The main destination of Vegetable Tanning Extracts exports from Canada are: United States ($201k), Australia ($22k), Italy ($2.75k), France ($676), and Turkey ($486).

The fastest growing export markets for Vegetable Tanning Extracts of Canada between 2022 and 2023 were Turkey ($486), United Kingdom ($55), and Estonia ($11).

Imports In 2023, Canada imported $1.39M in Vegetable Tanning Extracts, becoming the 35th largest importer of Vegetable Tanning Extracts in the world. At the same year, Vegetable Tanning Extracts was the 1113th most imported product in Canada. Canada imports Vegetable Tanning Extracts primarily from: United States ($1.05M), Argentina ($79k), France ($66.3k), China ($52.2k), and Belgium ($49.8k).

The fastest growing import markets in Vegetable Tanning Extracts for Canada between 2022 and 2023 were United States ($654k), China ($48.9k), and Argentina ($14.9k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Vegetable Tanning Extracts exports accounted up to C$302 and imports accounted up to C$117k, resulting in a negative trade balance of C$117k. Between October 2020 and August 2024 the exports of Canada's   Vegetable Tanning Extracts have increased by C$153 (103%) from C$149 to C$302, while imports decreased by C$-58.3k (-33.2%) from C$176k to C$117k.

Destinations In August 2024, Vegetable Tanning Extracts were exported mostly to , and were imported mostly from United States (C$94.5k), China (C$9.03k), Italy (C$4.6k), Argentina (C$4.59k), and Belgium (C$4.36k).

Growth In August 2024, the increase in Vegetable Tanning Extracts's year-by-year exports was explained primarily by an increase in exports to . In November 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 (October 2020 - August 2024)C$153(103%)
IMPORT GROWTH (November 2023 - November 2024)C$-58.3k(-33.2%)
MAIN EXPORTER (August 2024)Nova ScotiaC$45.5k
MAIN DESTINATION (August 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 (2023)$227k
IMPORTS (2023)$1.39M
NET TRADE (2023)-$1.16M

In 2023, Canada exported $227k in Vegetable Tanning Extracts. The main destinations of Canada exports on Vegetable Tanning Extracts were United States ($201k), Australia ($22k), Italy ($2.75k), France ($676), and Turkey ($486).

In 2023, Canada imported $1.39M in Vegetable Tanning Extracts, mainly from United States ($1.05M), Argentina ($79k), France ($66.3k), China ($52.2k), and Belgium ($49.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vegetable Tanning Extracts EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Turkey$486 (1%)
United Kingdom$55 (1%)
Estonia$11 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Tanning Extracts BY Canada WERE (2022 - 2023):
United States-$371k (-64.9%)
France-$27.4k (-97.6%)
Italy-$18.3k (-86.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Vegetable Tanning Extracts were:
Argentina $64.6M
South Africa $64.3M
Indonesia $55.3M
In 2023, Canada's main importing competitors in Vegetable Tanning Extracts were:
India $78.4M
China $40M
Italy $38.7M

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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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