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2023
Exports $2.16MWorld Rnk 66 / 146
Flag Rnk 930 / 1212
2023
Destination $226k United States
2022 - 2023
FASTEST GROWING MARKET $226kAustralia
2023
PRODUCT COMPLEXITY IN Butter0.079Rnk 528 / 1025
2023
Imports $213MWorld Rnk 11 / 224
Flag Rnk 375 / 1211
2023
Origin $23.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $23.4MNew Zealand
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $2.16M in Butter, making it the 66th largest exporter of Butter in the world. At the same year, Butter was the 930th most exported product in Canada. The main destination of Butter exports from Canada are: United States ($1.2M), Australia ($828k), Jamaica ($72.2k), New Zealand ($20.7k), and Kuwait ($14.1k).

The fastest growing export markets for Butter of Canada between 2022 and 2023 were Australia ($226k), New Zealand ($20.7k), and Kuwait ($14.1k).

Imports In 2023, Canada imported $213M in Butter, becoming the 11th largest importer of Butter in the world. At the same year, Butter was the 375th most imported product in Canada. Canada imports Butter primarily from: United States ($116M), New Zealand ($93.1M), France ($1.37M), United Kingdom ($1.09M), and Belgium ($467k).

The fastest growing import markets in Butter for Canada between 2022 and 2023 were New Zealand ($23.4M), United Kingdom ($1.08M), and Ireland ($161k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Butter exports accounted up to C$1.49M and imports accounted up to C$33.8M, resulting in a negative trade balance of C$32.3M. Between December 2023 and December 2024 the exports of Canada's   Butter have increased by C$954k (179%) from C$534k to C$1.49M, while imports increased by C$8.61M (34.1%) from C$25.2M to C$33.8M.

Destinations In December 2024, Butter were exported mostly to United States (C$1.35M), Australia (C$121k), India (C$8.49k), United Arab Emirates (C$7.86k), and Saint Pierre and Miquelon (C$781), and were imported mostly from New Zealand (C$17.5M), United States (C$15.9M), France (C$305k), Belgium (C$126k), and Chile (C$28).

Growth In December 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from United States (C$1.95M or 16%) and New Zealand (C$303k or 2.35%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$954k(179%)
IMPORT GROWTH (December 2023 - December 2024)C$8.61M(34.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$1.35M

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.16M
IMPORTS (2023)$213M
NET TRADE (2023)-$210M

In 2023, Canada exported $2.16M in Butter. The main destinations of Canada exports on Butter were United States ($1.2M), Australia ($828k), Jamaica ($72.2k), New Zealand ($20.7k), and Kuwait ($14.1k).

In 2023, Canada imported $213M in Butter, mainly from United States ($116M), New Zealand ($93.1M), France ($1.37M), United Kingdom ($1.09M), and Belgium ($467k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Australia$226k (37.6%)
New Zealand$20.7k (1%)
Kuwait$14.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Canada WERE (2022 - 2023):
United States-$1.89M (-61.1%)
Saudi Arabia-$512k (-99.9%)
United Arab Emirates-$22k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Butter were:
New Zealand $2.54B
Netherlands $1.83B
Ireland $1.52B
In 2023, Canada's main importing competitors in Butter were:
France $1.43B
Germany $899M
Netherlands $840M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.44M
TOP IMPORT POTENTIALFrance+ $1.95M

Butter’s highest export potential is United States. With an export gap of $2.44M.   Butter’s highest import potential is France with an import gap of $1.95M.

See methodology.

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