2022
Exports
$64.1MWorld Rnk 24 / 176
Flag Rnk 458 / 1210
2022
PRODUCT COMPLEXITY IN Synthetic Coloring Matter
0.71Rnk 271 / 1025
2022
Imports
$180MWorld Rnk 23 / 215
Flag Rnk 433 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $64.1M in Synthetic Coloring Matter, making it the 24th largest exporter of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 458th most exported product in Canada. The main destination of Synthetic Coloring Matter exports from Canada are: United States ($39.2M), Netherlands ($4.17M), Mexico ($2.58M), Egypt ($1.99M), and China ($1.73M).

The fastest growing export markets for Synthetic Coloring Matter of Canada between 2021 and 2022 were Netherlands ($4.09M), United States ($1.64M), and Egypt ($959k).

Imports In 2022, Canada imported $180M in Synthetic Coloring Matter, becoming the 23rd largest importer of Synthetic Coloring Matter in the world. At the same year, Synthetic Coloring Matter was the 433rd most imported product in Canada. Canada imports Synthetic Coloring Matter primarily from: United States ($116M), China ($22.6M), India ($16.6M), Mexico ($7.53M), and Germany ($4.33M).

The fastest growing import markets in Synthetic Coloring Matter for Canada between 2021 and 2022 were United States ($5.16M), Indonesia ($408k), and France ($355k).

Historical Data

Trade Balance

Color
EXPORTS (2022)$64.1M
IMPORTS (2022)$180M
NET TRADE (2022)-$116M

In 2022, Canada exported $64.1M in Synthetic Coloring Matter. The main destinations of Canada exports on Synthetic Coloring Matter were United States ($39.2M), Netherlands ($4.17M), Mexico ($2.58M), Egypt ($1.99M), and China ($1.73M).

In 2022, Canada imported $180M in Synthetic Coloring Matter, mainly from United States ($116M), China ($22.6M), India ($16.6M), Mexico ($7.53M), and Germany ($4.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Coloring Matter EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Netherlands$4.09M (5.43k%)
United States$1.64M (4.37%)
Egypt$959k (93.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Coloring Matter BY Canada WERE (2021 - 2022):
United Kingdom-$2.76M (-61.5%)
Brazil-$1.01M (-62.7%)
Chile-$647k (-36.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Synthetic Coloring Matter were:
China $3.05B
India $2.92B
Germany $1.36B
In 2022, Canada's main importing competitors in Synthetic Coloring Matter were:

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Trade Value of Synthetic Coloring Matter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.9M
TOP IMPORT POTENTIALIndia+ $13.7M

Synthetic Coloring Matter’s highest export potential is United States. With an export gap of $15.9M.   Synthetic Coloring Matter’s highest import potential is India with an import gap of $13.7M.

See methodology.

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