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2023
Exports $1.94BWorld Rnk 11 / 218
Flag Rnk 46 / 1212
2023
Destination $127M United States
2022 - 2023
FASTEST GROWING MARKET $127MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Beauty Products0.35Rnk 441 / 1025
2023
Imports $1.86BWorld Rnk 10 / 225
Flag Rnk 56 / 1211
2023
Origin $64.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $64.1MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.94B in Beauty Products, making it the 11th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 46th most exported product in Canada. The main destination of Beauty Products exports from Canada are: United States ($1.06B), United Kingdom ($241M), France ($119M), Australia ($53.8M), and China ($53.7M).

The fastest growing export markets for Beauty Products of Canada between 2022 and 2023 were United Kingdom ($127M), United States ($118M), and France ($46.5M).

Imports In 2023, Canada imported $1.86B in Beauty Products, becoming the 10th largest importer of Beauty Products in the world. At the same year, Beauty Products was the 56th most imported product in Canada. Canada imports Beauty Products primarily from: United States ($1.09B), France ($229M), South Korea ($131M), Italy ($113M), and China ($77.2M).

The fastest growing import markets in Beauty Products for Canada between 2022 and 2023 were United States ($64.1M), South Korea ($41.3M), and Italy ($23.5M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Beauty Products exports accounted up to C$163M and imports accounted up to C$202M, resulting in a negative trade balance of C$39M. Between November 2023 and November 2024 the exports of Canada's   Beauty Products have decreased by C$-109M (-40.1%) from C$273M to C$163M, while imports decreased by C$-13.5M (-6.25%) from C$216M to C$202M.

Destinations In November 2024, Beauty Products were exported mostly to United States (C$123M), United Kingdom (C$11.3M), China (C$5.08M), United Arab Emirates (C$2.92M), and Belgium (C$2.85M), and were imported mostly from United States (C$112M), France (C$23.8M), South Korea (C$16.1M), Italy (C$12.2M), and China (C$10.5M).

Growth In November 2024, the decrease in Beauty Products's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-8.27M or -94.9%), United Kingdom (C$-4.15M or -36.9%), and Belgium (C$-1.97M or -55.3%). In November 2024, the decrease in Beauty Products's year-by-year imports was explained primarily by a decrease in imports from Vietnam (C$-285k or -93.1%), Australia (C$-239k or -22.7%), and Czechia (C$-198k or -38%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-109M(-40.1%)
IMPORT GROWTH (November 2023 - November 2024)C$-13.5M(-6.25%)
MAIN EXPORTER (November 2024)OntarioC$152M
MAIN DESTINATION (November 2024)United StatesC$123M

This section shows Beauty Products'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 Beauty Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.94B
IMPORTS (2023)$1.86B
NET TRADE (2023)$88.1M

In 2023, Canada exported $1.94B in Beauty Products. The main destinations of Canada exports on Beauty Products were United States ($1.06B), United Kingdom ($241M), France ($119M), Australia ($53.8M), and China ($53.7M).

In 2023, Canada imported $1.86B in Beauty Products, mainly from United States ($1.09B), France ($229M), South Korea ($131M), Italy ($113M), and China ($77.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United Kingdom$127M (112%)
United States$118M (12.5%)
France$46.5M (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Canada WERE (2022 - 2023):
China-$47.6M (-47%)
Singapore-$6.88M (-27.2%)
Macau-$5.27M (-82.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Beauty Products were:
France $13.1B
South Korea $8.03B
United States $6.86B
In 2023, Canada's main importing competitors in Beauty Products were:
China $10.4B
United States $6.58B
Hong Kong $5.64B

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $240M
TOP IMPORT POTENTIALFrance+ $36.5M

Beauty Products’s highest export potential is United States. With an export gap of $240M.   Beauty Products’s highest import potential is France with an import gap of $36.5M.

See methodology.

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