Fermented Milk Products in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $50.3M in Fermented Milk Products, making it the 19th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 495th most exported product in Canada. The main destination of Fermented Milk Products exports from Canada are: United States ($49M), Saudi Arabia ($450k), Singapore ($276k), Philippines ($155k), and Kuwait ($110k).

The fastest growing export markets for Fermented Milk Products of Canada between 2021 and 2022 were United States ($6.83M), Kuwait ($107k), and Philippines ($58.7k).

Imports In 2022, Canada imported $7.55M in Fermented Milk Products, becoming the 80th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 998th most imported product in Canada. Canada imports Fermented Milk Products primarily from: United States ($6.66M), South Korea ($548k), Colombia ($65.7k), France ($55.4k), and Jordan ($51.4k).

The fastest growing import markets in Fermented Milk Products for Canada between 2021 and 2022 were United States ($1.95M), South Korea ($223k), and France ($54.8k).

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

Latest Trends

January 2024

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Overview In January 2024 Canada's Fermented Milk Products exports accounted up to C$7.95M and imports accounted up to C$389k, resulting in a positive trade balance of C$7.56M. Between January 2023 and January 2024 the exports of Canada's Fermented Milk Products have increased by C$1.14M (16.8%) from C$6.81M to C$7.95M, while imports decreased by C$-86.1k (-18.1%) from C$476k to C$389k.

Destinations In January 2024, Fermented Milk Products were exported mostly to United States (C$7.92M), France (C$15k), Saint Pierre and Miquelon (C$9.37k), and Hong Kong (C$352), and were imported mostly from United States (C$385k), Lebanon (C$2.66k), Poland (C$601), Germany (C$467), and South Korea (C$247).

Growth In January 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to United States (C$2.14M or 46.2%) and France (C$3.71k or 33.2%). In January 2024, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from Lebanon (C$-1.71k or -81.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$1.14M(16.8%)

IMPORT GROWTH (January 2023 - January 2024)C$-86.1k(-18.1%)

MAIN EXPORTER (January 2024)OntarioC$7.74M

MAIN DESTINATION (January 2024)United StatesC$7.92M

This section shows Fermented Milk 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 Fermented Milk Products over time.

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