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2022
Exports $20.1BWorld Rnk 2 / 221
Flag Rnk 10 / 21
2022
Destination $86M United States
2021 - 2022
FASTEST GROWING MARKET $86MPhilippines
2022
PRODUCT COMPLEXITY IN Wood Products0.3Rnk 451 / 1025
2022
Imports $4.12BWorld Rnk 9 / 226
Flag Rnk 16 / 21
2022
Origin $157M United States
2021 - 2022
FASTEST GROWING ORIGIN $157MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $20.1B in Wood Products, making it the 2nd largest exporter of Wood Products in the world. At the same year, Wood Products was the 10th most exported product in Canada. The main destination of Wood Products exports from Canada are: United States ($17.2B), Japan ($1.12B), China ($482M), United Kingdom ($251M), and Philippines ($249M).

The fastest growing export markets for Wood Products of Canada between 2021 and 2022 were Philippines ($86M), New Zealand ($17M), and Italy ($13.7M).

Imports In 2022, Canada imported $4.12B in Wood Products, becoming the 9th largest importer of Wood Products in the world. At the same year, Wood Products was the 16th most imported product in Canada. Canada imports Wood Products primarily from: United States ($2.61B), China ($770M), Germany ($81M), Turkey ($59.4M), and Brazil ($52.8M).

The fastest growing import markets in Wood Products for Canada between 2021 and 2022 were United States ($157M), Belgium ($7.81M), and Cameroon ($6.27M).

COMPANIES In 2023, leading companies such as Costco Wholesale (7) and Celebrity Cruises (1) were at the forefront of shipping Wood Products from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Wood Products exports accounted up to C$1.44B and imports accounted up to C$410M, resulting in a positive trade balance of C$1.03B. Between August 2023 and August 2024 the exports of Canada's   Wood Products have decreased by C$-138M (-8.77%) from C$1.58B to C$1.44B, while imports increased by C$4.82M (1.19%) from C$405M to C$410M.

Destinations In August 2024, Wood Products were exported mostly to United States (C$1.19B), Japan (C$83M), China (C$46.1M), United Kingdom (C$40.8M), and South Korea (C$14.9M), and were imported mostly from United States (C$249M), China (C$82.2M), Turkey (C$8.3M), Germany (C$5.51M), and Vietnam (C$5.49M).

Growth In August 2024, the decrease in Wood Products's year-by-year exports was explained primarily by a decrease in exports to United States (C$-521M or -31.3%), Japan (C$-48.6M or -47.1%), and United Kingdom (C$-31M or -77.4%). In August 2024, the increase in Wood Products's year-by-year imports was explained primarily by an increase in imports from Vietnam (C$2.18M or 62.6%), United States (C$1.61M or 0.7%), and Turkey (C$858k or 14.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-138M(-8.77%)
IMPORT GROWTH (August 2023 - August 2024)C$4.82M(1.19%)
MAIN EXPORTER (August 2024)British ColumbiaC$691M
MAIN DESTINATION (August 2024)United StatesC$1.19B

This section shows Wood Products'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 Wood Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.1B
IMPORTS (2022)$4.12B
NET TRADE (2022)$15.9B

In 2022, Canada exported $20.1B in Wood Products. The main destinations of Canada exports on Wood Products were United States ($17.2B), Japan ($1.12B), China ($482M), United Kingdom ($251M), and Philippines ($249M).

In 2022, Canada imported $4.12B in Wood Products, mainly from United States ($2.61B), China ($770M), Germany ($81M), Turkey ($59.4M), and Brazil ($52.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Philippines$86M (52.6%)
New Zealand$17M (32.1%)
Italy$13.7M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Canada WERE (2021 - 2022):
United States-$2.3B (-11.8%)
China-$206M (-30%)
Japan-$191M (-14.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Wood Products were:
China $20.4B
Germany $13B
In 2022, Canada's main importing competitors in Wood Products were:
United States $35.3B
China $18.1B
Germany $11.9B

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $262M
TOP IMPORT POTENTIALGermany+ $36M

Wood Products’s highest export potential is United States. With an export gap of $262M.   Wood Products’s highest import potential is Germany with an import gap of $36M.

See methodology.

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