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2022
Exports $1.97MWorld Rnk 72 / 152
Flag Rnk 976 / 1210
2022
Destination $48.6k United States
2021 - 2022
FASTEST GROWING MARKET $48.6kCanada
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $142MWorld Rnk 33 / 211
Flag Rnk 500 / 1213
2022
Origin $37.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $37.7MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.97M in Seed Oils, making it the 72nd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 976th most exported product in Canada. The main destination of Seed Oils exports from Canada are: United States ($1.57M), Singapore ($127k), Canada ($48.6k), United Arab Emirates ($45.4k), and South Korea ($39.2k).

The fastest growing export markets for Seed Oils of Canada between 2021 and 2022 were Canada ($48.6k), Czechia ($29.8k), and France ($23.1k).

Imports In 2022, Canada imported $142M in Seed Oils, becoming the 33rd largest importer of Seed Oils in the world. At the same year, Seed Oils was the 500th most imported product in Canada. Canada imports Seed Oils primarily from: United States ($107M), Ukraine ($15.7M), Spain ($8.07M), Netherlands ($2.66M), and Turkey ($2.16M).

The fastest growing import markets in Seed Oils for Canada between 2021 and 2022 were United States ($37.7M), Ukraine ($11M), and Spain ($5.12M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Seed Oils exports accounted up to C$67.1k and imports accounted up to C$10.2M, resulting in a negative trade balance of C$10.2M. Between June 2023 and June 2024 the exports of Canada's   Seed Oils have decreased by C$-192k (-74.1%) from C$259k to C$67.1k, while imports decreased by C$-12M (-54%) from C$22.2M to C$10.2M.

Destinations In June 2024, Seed Oils were exported mostly to United States (C$54.2k) and Italy (C$12.8k), and were imported mostly from United States (C$3.25M), Ukraine (C$2.52M), Turkey (C$1.6M), Romania (C$820k), and Spain (C$752k).

Growth In June 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine (C$-5.83M or -54.1%), Netherlands (C$-124k or -45.7%), and India (C$-8.03k or -89.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-192k(-74.1%)
IMPORT GROWTH (June 2023 - June 2024)C$-12M(-54%)
MAIN EXPORTER (June 2024)AlbertaC$459k
MAIN DESTINATION (June 2024)United StatesC$54.2k

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.97M
IMPORTS (2022)$142M
NET TRADE (2022)-$140M

In 2022, Canada exported $1.97M in Seed Oils. The main destinations of Canada exports on Seed Oils were United States ($1.57M), Singapore ($127k), Canada ($48.6k), United Arab Emirates ($45.4k), and South Korea ($39.2k).

In 2022, Canada imported $142M in Seed Oils, mainly from United States ($107M), Ukraine ($15.7M), Spain ($8.07M), Netherlands ($2.66M), and Turkey ($2.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$48.6k (4.86M%)
Czechia$29.8k (1%)
France$23.1k (38.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Canada WERE (2021 - 2022):
Iran-$16.1M (-100%)
United States-$1.16M (-42.5%)
Netherlands-$157k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Canada's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALUkraine+ $9.35M

Seed Oils’s highest export potential is United States. With an export gap of $1.58M.   Seed Oils’s highest import potential is Ukraine with an import gap of $9.35M.

See methodology.

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