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2022
Exports $527MWorld Rnk 1 / 105
Flag Rnk 149 / 4485
2022
Destination $3.33M United States
2021 - 2022
FASTEST GROWING MARKET $3.33MMexico
2022
Imports $22.4MWorld Rnk 17 / 195
Flag Rnk 2055 / 4548
2022
Origin $3.11M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.11MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $527M in Peat (including peat litter), making it the 1st largest exporter of Peat (including peat litter) in the world. At the same year, Peat (including peat litter) was the 149th most exported product in Canada. The main destination of Peat (including peat litter) 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 (including peat litter) 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 (including peat litter), becoming the 17th largest importer of Peat (including peat litter) in the world. At the same year, Peat (including peat litter) was the 2055th most imported product in Canada. Canada imports Peat (including peat litter) 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 (including peat litter) for Canada between 2021 and 2022 were United States ($3.11M), Latvia ($981k), and China ($117k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of shipping Peat (including peat litter) from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Peat (including peat litter) exports accounted up to C$36.8M and imports accounted up to C$2.09M, resulting in a positive trade balance of C$34.7M. Between June 2023 and June 2024 the exports of Canada's   Peat (including peat litter) have decreased by C$-15.2M (-29.2%) from C$52M to C$36.8M, while imports increased by C$812k (63.7%) from C$1.27M to C$2.09M.

Destinations In June 2024, Peat (including peat litter) were exported mostly to United States (C$33.9M), Mexico (C$687k), Guatemala (C$600k), Japan (C$558k), and South Korea (C$193k), and were imported mostly from United States (C$1.16M), Netherlands (C$427k), Latvia (C$329k), Sierra Leone (C$101k), and Canada (C$49k).

Growth In June 2024, the decrease in Peat (including peat litter)'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 June 2024, the increase in Peat (including peat litter)'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 (June 2023 - June 2024)C$-15.2M(-29.2%)
IMPORT GROWTH (June 2023 - June 2024)C$812k(63.7%)
MAIN EXPORTER (June 2024)QuebecC$22M
MAIN DESTINATION (June 2024)United StatesC$33.9M

This section shows Peat (including peat litter)'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 (including peat litter) 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 (including peat litter). The main destinations of Canada exports on Peat (including peat litter) 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 (including peat litter), mainly from United States ($15.9M), Netherlands ($1.71M), Latvia ($1.25M), Ireland ($1.13M), and Sri Lanka ($794k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat (including peat litter) 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 (including peat litter) BY Canada WERE (2021 - 2022):
United States-$58.2M (-10.5%)
Japan-$2.31M (-22.3%)
Barbados-$677k (-67.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Peat (including peat litter) by Exporters

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