Rubber Tires in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $1.73B in Rubber Tires, making it the 21st largest exporter of Rubber Tires in the world. At the same year, Rubber Tires was the 52nd most exported product in Canada. The main destination of Rubber Tires exports from Canada are: United States ($1.63B), Mexico ($52M), Canada ($22.1M), France ($4.09M), and Australia ($3.2M).

The fastest growing export markets for Rubber Tires of Canada between 2021 and 2022 were Mexico ($1.69M), Poland ($1.67M), and Kuwait ($1.49M).

Imports In 2022, Canada imported $3.26B in Rubber Tires, becoming the 5th largest importer of Rubber Tires in the world. At the same year, Rubber Tires was the 27th most imported product in Canada. Canada imports Rubber Tires primarily from: United States ($1.49B), China ($595M), Japan ($206M), Thailand ($81.8M), and India ($78.5M).

The fastest growing import markets in Rubber Tires for Canada between 2021 and 2022 were China ($70.6M), United States ($65.2M), and India ($23.7M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Rubber Tires exports accounted up to C$204M and imports accounted up to C$375M, resulting in a negative trade balance of C$172M. Between February 2023 and February 2024 the exports of Canada's Rubber Tires have increased by C$15.3M (8.1%) from C$188M to C$204M, while imports increased by C$35M (10.3%) from C$340M to C$375M.

Destinations In February 2024, Rubber Tires were exported mostly to United States (C$197M), Mexico (C$6.12M), France (C$369k), China (C$108k), and Netherlands (C$90.5k), and were imported mostly from United States (C$170M), China (C$57.2M), Japan (C$19.1M), Mexico (C$16.7M), and Thailand (C$11.5M).

Growth In February 2024, the increase in Rubber Tires's year-by-year exports was explained primarily by an increase in exports to United States (C$15.1M or 9.59%), Germany (C$285k or 44.5k%), and Japan (C$101k or 116%). In February 2024, the increase in Rubber Tires's year-by-year imports was explained primarily by an increase in imports from United States (C$19.7M or 16.7%), China (C$11.6M or 29.3%), and Philippines (C$5.09M or 397%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$15.3M(8.1%)

IMPORT GROWTH (February 2023 - February 2024)C$35M(10.3%)

MAIN EXPORTER (February 2024)Nova ScotiaC$109M

MAIN DESTINATION (February 2024)United StatesC$197M

This section shows Rubber Tires'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 Rubber Tires over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.73B

IMPORTS (2022)$3.26B

NET TRADE (2022)-$1.53B

In 2022, Canada exported $1.73B in Rubber Tires. The main destinations of Canada exports on Rubber Tires were United States ($1.63B), Mexico ($52M), Canada ($22.1M), France ($4.09M), and Australia ($3.2M).

In 2022, Canada imported $3.26B in Rubber Tires, mainly from United States ($1.49B), China ($595M), Japan ($206M), Thailand ($81.8M), and India ($78.5M).

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