Rubber Belting in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $123M in Rubber Belting, making it the 14th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 360th most exported product in Canada. The main destination of Rubber Belting exports from Canada are: United States ($108M), Cuba ($1.55M), Australia ($1.53M), Belgium ($1.47M), and Mexico ($1.26M).

The fastest growing export markets for Rubber Belting of Canada between 2021 and 2022 were United States ($54.5M), Cuba ($1.5M), and Croatia ($610k).

Imports In 2022, Canada imported $287M in Rubber Belting, becoming the 3rd largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 342nd most imported product in Canada. Canada imports Rubber Belting primarily from: United States ($190M), China ($45.9M), Mexico ($11.3M), India ($7.53M), and Germany ($5.09M).

The fastest growing import markets in Rubber Belting for Canada between 2021 and 2022 were United States ($21.1M), China ($12.4M), and Romania ($1.53M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Rubber Belting exports accounted up to C$7.73M and imports accounted up to C$28.9M, resulting in a negative trade balance of C$21.2M. Between February 2023 and February 2024 the exports of Canada's Rubber Belting have decreased by C$-1.88M (-19.6%) from C$9.61M to C$7.73M, while imports decreased by C$-3.23M (-10.1%) from C$32.1M to C$28.9M.

Destinations In February 2024, Rubber Belting were exported mostly to United States (C$7.2M), Brazil (C$240k), China (C$93.2k), Mexico (C$78k), and Germany (C$57.8k), and were imported mostly from United States (C$18.6M), China (C$3.09M), Mexico (C$2.5M), Germany (C$953k), and India (C$861k).

Growth In February 2024, the decrease in Rubber Belting's year-by-year exports was explained primarily by a decrease in exports to United States (C$-699k or -8.98%), Mexico (C$-165k or -98.3%), and Japan (C$-32.1k or -97.6%). In February 2024, the decrease in Rubber Belting's year-by-year imports was explained primarily by a decrease in imports from Australia (C$-1.48M or -95.3%), Poland (C$-1.32M or -78.4%), and India (C$-532k or -35.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-1.88M(-19.6%)

IMPORT GROWTH (February 2023 - February 2024)C$-3.23M(-10.1%)

MAIN EXPORTER (February 2024)OntarioC$12.9M

MAIN DESTINATION (February 2024)United StatesC$7.2M

This section shows Rubber Belting'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 Belting over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$123M

IMPORTS (2022)$287M

NET TRADE (2022)-$164M

In 2022, Canada exported $123M in Rubber Belting. The main destinations of Canada exports on Rubber Belting were United States ($108M), Cuba ($1.55M), Australia ($1.53M), Belgium ($1.47M), and Mexico ($1.26M).

In 2022, Canada imported $287M in Rubber Belting, mainly from United States ($190M), China ($45.9M), Mexico ($11.3M), India ($7.53M), and Germany ($5.09M).

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