Soups and Broths in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $195M in Soups and Broths, making it the 3rd largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 285th most exported product in Canada. The main destination of Soups and Broths exports from Canada are: United States ($185M), Thailand ($3.88M), Japan ($2.87M), Philippines ($1.08M), and United Kingdom ($359k).

The fastest growing export markets for Soups and Broths of Canada between 2021 and 2022 were United States ($12M), Thailand ($763k), and Philippines ($563k).

Imports In 2022, Canada imported $302M in Soups and Broths, becoming the 3rd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 330th most imported product in Canada. Canada imports Soups and Broths primarily from: United States ($272M), Chile ($7.09M), Mexico ($3.63M), Japan ($3.37M), and France ($1.58M).

The fastest growing import markets in Soups and Broths for Canada between 2021 and 2022 were United States ($22.8M), Chile ($3.31M), and Mexico ($553k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soups and Broths from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Soups and Broths exports accounted up to C$21.1M and imports accounted up to C$46.6M, resulting in a negative trade balance of C$25.6M. Between January 2023 and January 2024 the exports of Canada's Soups and Broths have increased by C$3.46M (19.7%) from C$17.6M to C$21.1M, while imports increased by C$3.72M (8.67%) from C$42.9M to C$46.6M.

Destinations In January 2024, Soups and Broths were exported mostly to United States (C$21M), South Korea (C$54.2k), Netherlands (C$7.22k), Ukraine (C$6.72k), and Saint Pierre and Miquelon (C$4.01k), and were imported mostly from United States (C$39.7M), South Korea (C$2.34M), Chile (C$650k), China (C$570k), and Japan (C$528k).

Growth In January 2024, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to United States (C$420k or 2.45%), Germany (C$4.07k or 480%), and Saint Pierre and Miquelon (C$1.01k or 23.3%). In January 2024, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from United States (C$10.6M or 40%), Chile (C$1.05M or 532%), and Mexico (C$283k or 67.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$3.46M(19.7%)

IMPORT GROWTH (January 2023 - January 2024)C$3.72M(8.67%)

MAIN EXPORTER (January 2024)OntarioC$13.1M

MAIN DESTINATION (January 2024)United StatesC$21M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$195M

IMPORTS (2022)$302M

NET TRADE (2022)-$108M

In 2022, Canada exported $195M in Soups and Broths. The main destinations of Canada exports on Soups and Broths were United States ($185M), Thailand ($3.88M), Japan ($2.87M), Philippines ($1.08M), and United Kingdom ($359k).

In 2022, Canada imported $302M in Soups and Broths, mainly from United States ($272M), Chile ($7.09M), Mexico ($3.63M), Japan ($3.37M), and France ($1.58M).

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