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2023
Flag → Flag
Exports $38.7MRnk 116 / 215
2023
Flag → Flag
Top Product $14.9MCars
2023
Flag → Flag
Exports $3.93MRnk 30 / 120
2023
Flag → Flag
Top Product $2.44MSoybeans
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Canada-Benin Trade: In 2023, Canada exported $38.7M to Benin. The main products that Canada exported to Benin were Cars ($14.9M), Potassic Fertilizers ($10.7M), and Poultry Meat ($5.88M). Over the past 5 years the exports of Canada to Benin have increased at an annualized rate of 11.6%, from $22.3M in 2018 to $38.7M in 2023.

In 2023, Canada did not export any services to Benin.

Benin-Canada Trade: In 2023, Benin exported $3.93M to Canada. The main products that Benin exported to Canada were Soybeans ($2.44M), Coconuts, Brazil Nuts, and Cashews ($617k), and Soybean Meal ($274k). Over the past 5 years the exports of Benin to Canada have increased at an annualized rate of 21%,  from $1.52M in 2018 to $3.93M in 2023.

In 2023, Benin did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$2.82M and imported C$61.2k from Benin, resulting in a positive trade balance of C$2.76M. Between November 2023 and November 2024 the exports of Canada have increased by C$932k (49.4%) from C$1.89M to C$2.82M, while imports decreased by C$-56.6k (-48.1%) from C$118k to C$61.2k.

Trade In November 2024, the top exports of Canada to Benin were Cars (C$1.42M), Used Clothing (C$289k), Poultry Meat (C$247k), Travel Kits (C$168k), and Packing Bags (C$17.8k). In November 2024 the top imports of Canada from Benin were Coconuts, Brazil Nuts, and Cashews (C$32.7k), Tapioca (C$7.34k), Video and Card Games (C$374), Tea (C$60), and Non-Knit Active Wear (C$34).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$1.92M), Ontario (C$571k), British Columbia (C$181k), Nova Scotia (C$132k), and New Brunswick (C$16.8k), while imports destinations were mainly British Columbia (C$48.8k), Alberta (C$8.31k), Ontario (C$3.01k), and Quebec (C$1.08k).

Growth In November 2024, the increase in Canada's year-by-year exports to Benin was explained primarily by an increase in product exports in Cars (C$305k or 27.3%), Poultry Meat (C$88.5k or 55.9%), and Used Clothing (C$13.1k or 4.76%). In November 2024, the decrease in Canada's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in Dried/Salted/Smoked/Brined Fish (C$-867 or -98.6%), Legume Flours (C$-345 or -95.3%), and Insulated Wire (C$-129 or -92.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$932k(49.4%)
IMPORT GROWTH (November 2023 - November 2024)C$-56.6k(-48.1%)
MAIN EXPORTER (November 2024)QuebecC$1.92M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Benin and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $38.7M to Benin. The main products exported from Canada to Benin were Cars ($14.9M), Potassic Fertilizers ($10.7M), and Poultry Meat ($5.88M). During the last 5 years the exports of Canada to Benin have increased at an annualized rate of 11.6%, from $22.3M in 2018 to $38.7M in 2023.

In 2018, Benin exported $3.93M to Canada. The main products exported from Benin to Canada were Soybeans ($2.44M), Coconuts, Brazil Nuts, and Cashews ($617k), and Soybean Meal ($274k). During the last 5 years the exports of Benin to Canada have increased at an annualized rate of 21%, from $1.52M in 2023 to $3.93M in 2018.

Exports from Canada (Flag) to Benin (Flag) (2023)

Exports from Benin (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Benin
Top DestinationUnited Arab Emirates$803M

This map shows whether countries import more from Canada or Benin. Each country is colored based on the difference in imports they receive from Canada and Benin or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Benin included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Benin than Canada included Chad ($36.7M), Mauritius ($12.7M), and Niger ($15.4M).

Difference in imports from Benin (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Benin

Flow
Scale

This chart compares trade between Canada and Benin by product, considering products traded by both, Canada and Benin.

During 2023, Canada had a large net trade with Benin in the exports of Transportation ($16.6M), Chemical Products ($10.7M), and Animal Products ($6.06M).

During 2018, Benin had a large net trade with Canada in the exports of Vegetable Products ($3.16M), Foodstuffs ($386k), and Wood Products ($232k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Benin+$9.08MCars
Top Product Potential Benin Canada+$2.83MSoybeans

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Benin. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Benin (Flag) (2023)

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