2023
Exports
$4.92MWorld Rnk 11 / 76
Flag Rnk 837 / 1212
2023
PRODUCT COMPLEXITY IN Hops
0.45Rnk 386 / 1025
2023
Imports
$50.3MWorld Rnk 4 / 162
Flag Rnk 676 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $4.92M in Hops, making it the 11th largest exporter of Hops in the world. At the same year, Hops was the 837th most exported product in Canada. The main destination of Hops exports from Canada are: United Kingdom ($3.84M), United States ($1.04M), India ($17.7k), Brazil ($9.97k), and Indonesia ($4.35k).

The fastest growing export markets for Hops of Canada between 2022 and 2023 were United States ($654k), United Kingdom ($22.9k), and India ($9.28k).

Imports In 2023, Canada imported $50.3M in Hops, becoming the 4th largest importer of Hops in the world. At the same year, Hops was the 676th most imported product in Canada. Canada imports Hops primarily from: United States ($39.6M), Germany ($5.2M), Australia ($2.04M), New Zealand ($1.84M), and United Kingdom ($706k).

The fastest growing import markets in Hops for Canada between 2022 and 2023 were United States ($1.45M), New Zealand ($692k), and Germany ($555k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hops. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.92M
IMPORTS (2023)$50.3M
NET TRADE (2023)-$45.4M

In 2023, Canada exported $4.92M in Hops. The main destinations of Canada exports on Hops were United Kingdom ($3.84M), United States ($1.04M), India ($17.7k), Brazil ($9.97k), and Indonesia ($4.35k).

In 2023, Canada imported $50.3M in Hops, mainly from United States ($39.6M), Germany ($5.2M), Australia ($2.04M), New Zealand ($1.84M), and United Kingdom ($706k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$654k (168%)
United Kingdom$22.9k (0.6%)
India$9.28k (110%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY Canada WERE (2022 - 2023):
Netherlands-$161k (-100%)
Czechia-$92.2k (-100%)
Poland-$11.2k (-96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Canada's main exporting competitors in Hops were:
In 2023, Canada's main importing competitors in Hops were:

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $789k
TOP IMPORT POTENTIALGermany+ $898k

Hops’s highest export potential is United States. With an export gap of $789k.   Hops’s highest import potential is Germany with an import gap of $898k.

See methodology.

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