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2023
Exports $5.28BWorld Rnk 2 / 208
Flag Rnk 17 / 1212
2023
Destination $510M United States
2022 - 2023
FASTEST GROWING MARKET $510MUnited States
2023
PRODUCT COMPLEXITY IN Baked Goods-0.25Rnk 632 / 1025
2023
Imports $2.16BWorld Rnk 5 / 226
Flag Rnk 44 / 1211
2023
Origin $62.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $62.8MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $5.28B in Baked Goods, making it the 2nd largest exporter of Baked Goods in the world. At the same year, Baked Goods was the 17th most exported product in Canada. The main destination of Baked Goods exports from Canada are: United States ($5.05B), Mexico ($99.6M), United Kingdom ($54.4M), Australia ($13.5M), and Netherlands ($5.45M).

The fastest growing export markets for Baked Goods of Canada between 2022 and 2023 were United States ($510M), Mexico ($33M), and United Kingdom ($9.68M).

Imports In 2023, Canada imported $2.16B in Baked Goods, becoming the 5th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 44th most imported product in Canada. Canada imports Baked Goods primarily from: United States ($1.55B), Mexico ($84.1M), Italy ($68.7M), Germany ($46.2M), and India ($46M).

The fastest growing import markets in Baked Goods for Canada between 2022 and 2023 were United States ($62.8M), Germany ($17M), and Mexico ($13.9M).

COMPANIES In 2023, leading companies such as Costco Wholesale (26) and Walmart (4) were at the forefront of shipping Baked Goods from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Baked Goods exports accounted up to C$697M and imports accounted up to C$239M, resulting in a positive trade balance of C$458M. Between November 2023 and November 2024 the exports of Canada's   Baked Goods have increased by C$7.79M (1.13%) from C$689M to C$697M, while imports decreased by C$-23.2M (-8.86%) from C$262M to C$239M.

Destinations In November 2024, Baked Goods were exported mostly to United States (C$673M), Mexico (C$8.86M), United Kingdom (C$7.26M), Japan (C$2.75M), and Argentina (C$724k), and were imported mostly from United States (C$164M), Italy (C$12.8M), Mexico (C$11.6M), France (C$6.27M), and India (C$4.79M).

Growth In November 2024, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to United States (C$146M or 37.4%), United Kingdom (C$1.21M or 46.8%), and Chile (C$215k or 189%). In November 2024, the decrease in Baked Goods's year-by-year imports was explained primarily by a decrease in imports from United Arab Emirates (C$-1.15M or -93.8%), Australia (C$-531k or -69.9%), and Chinese Taipei (C$-466k or -42.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$7.79M(1.13%)
IMPORT GROWTH (November 2023 - November 2024)C$-23.2M(-8.86%)
MAIN EXPORTER (November 2024)OntarioC$674M
MAIN DESTINATION (November 2024)United StatesC$673M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.28B
IMPORTS (2023)$2.16B
NET TRADE (2023)$3.12B

In 2023, Canada exported $5.28B in Baked Goods. The main destinations of Canada exports on Baked Goods were United States ($5.05B), Mexico ($99.6M), United Kingdom ($54.4M), Australia ($13.5M), and Netherlands ($5.45M).

In 2023, Canada imported $2.16B in Baked Goods, mainly from United States ($1.55B), Mexico ($84.1M), Italy ($68.7M), Germany ($46.2M), and India ($46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Baked Goods EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$510M (11.2%)
Mexico$33M (49.6%)
United Kingdom$9.68M (21.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Baked Goods BY Canada WERE (2022 - 2023):
Japan-$2.24M (-33.9%)
Argentina-$1.09M (-37.3%)
New Zealand-$913k (-36.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Baked Goods were:
Germany $5.89B
Italy $4.02B
In 2023, Canada's main importing competitors in Baked Goods were:
United States $10.5B
United Kingdom $4.24B
Germany $3.87B

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Trade Value of Baked Goods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $38.7M
TOP IMPORT POTENTIALMexico+ $30.9M

Baked Goods’s highest export potential is United Kingdom. With an export gap of $38.7M.   Baked Goods’s highest import potential is Mexico with an import gap of $30.9M.

See methodology.

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