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2022
Exports | Imports $527M | $22.4MWorld Rnk 1 / 105
Flag Rnk 164 / 1210
World Rnk 17 / 195
Flag Rnk 846 / 1213
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $3.33M | $3.11MMexico |  United States
2022
ECONOMIC COMPLEXITY of Canada0.85Rnk 31 / 124
2022
PRODUCT COMPLEXITY IN Peat0.019Rnk 547 / 1025

About

Exports In 2022, Canada exported $527M in Peat, making it the 1st largest exporter of Peat in the world. At the same year, Peat was the 164th most exported product in Canada. The main destination of Peat exports from Canada are: United States ($497M), Japan ($8.05M), Mexico ($7.41M), Ecuador ($2.51M), and Guatemala ($1.93M).

The fastest growing export markets for Peat of Canada between 2021 and 2022 were Mexico ($3.33M), Ecuador ($1.71M), and Guatemala ($738k).

Imports In 2022, Canada imported $22.4M in Peat, becoming the 17th largest importer of Peat in the world. At the same year, Peat was the 846th most imported product in Canada. Canada imports Peat primarily from: United States ($15.9M), Netherlands ($1.71M), Latvia ($1.25M), Ireland ($1.13M), and Sri Lanka ($794k).

The fastest growing import markets in Peat for Canada between 2021 and 2022 were United States ($3.11M), Latvia ($981k), and China ($117k).

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

Latest Trends

January 2024

About

Overview In January 2024 Canada's Peat exports accounted up to C$50.1M and imports accounted up to C$4.52M, resulting in a positive trade balance of C$45.6M. Between January 2023 and January 2024 the exports of Canada's   Peat have decreased by C$-689k (-1.36%) from C$50.8M to C$50.1M, while imports increased by C$2.69M (147%) from C$1.83M to C$4.52M.

Destinations In January 2024, Peat were exported mostly to United States (C$49M), Mexico (C$300k), Japan (C$220k), Ecuador (C$156k), and South Korea (C$104k), and were imported mostly from United States (C$3.73M), Netherlands (C$311k), Latvia (C$246k), Canada (C$178k), and Ireland (C$37k).

Growth In January 2024, the decrease in Peat's year-by-year exports was explained primarily by a decrease in exports to Ecuador (C$-2.53M or -94.1%), Colombia (C$-196k or -84.8%), and Australia (C$-34.2k or -66.9%). In January 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from Germany (C$346 or 88.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)C$-689k(-1.36%)
IMPORT GROWTH (January 2023 - January 2024)C$2.69M(147%)
MAIN EXPORTER (January 2024)QuebecC$18M
MAIN DESTINATION (January 2024)United StatesC$49M

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$527M
IMPORTS (2022)$22.4M
NET TRADE (2022)$505M

In 2022, Canada exported $527M in Peat. The main destinations of Canada exports on Peat were United States ($497M), Japan ($8.05M), Mexico ($7.41M), Ecuador ($2.51M), and Guatemala ($1.93M).

In 2022, Canada imported $22.4M in Peat, mainly from United States ($15.9M), Netherlands ($1.71M), Latvia ($1.25M), Ireland ($1.13M), and Sri Lanka ($794k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Mexico$3.33M (81.5%)
Ecuador$1.71M (213%)
Guatemala$738k (61.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Canada WERE (2021 - 2022):
United States-$58.2M (-10.5%)
Japan-$2.31M (-22.3%)
Barbados-$677k (-67.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Peat were:
Latvia $324M
Netherlands $190M
In 2022, Canada's main importing competitors in Peat were:
United States $533M
Netherlands $143M
China $113M

Explore Visualizations

Trade Value of Peat by Exporters

Keep Exploring

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