Industrial Fatty Acids, Oils and Alcohols in Canada | The Observatory of Economic Complexity

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Exports In 2018, Canada exported $1.52B in Industrial Fatty Acids, Oils and Alcohols, making it the 15th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 63rd most exported product in Canada. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Canada are: United States ($1.28B), South Korea ($56.9M), Germany ($36M), Japan ($14.5M), and China ($11.7M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Canada between 2021 and 2022 were United States ($234M), South Korea ($22.8M), and Germany ($9.98M).

Imports In 2022, Canada imported $2.8B in Industrial Fatty Acids, Oils and Alcohols, becoming the 10th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 33rd most imported product in Canada. Canada imports Industrial Fatty Acids, Oils and Alcohols primarily from: United States ($2.22B), China ($341M), Germany ($43.7M), Argentina ($42.5M), and Singapore ($25M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Canada between 2021 and 2022 were United States ($744M), China ($292M), and Argentina ($42.5M).

Latest Trends

October 2024

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Overview In October 2024 Canada's Industrial Fatty Acids, Oils and Alcohols exports accounted up to C$899k and imports accounted up to C$10.1M, resulting in a negative trade balance of C$9.15M. Between October 2023 and October 2024 the exports of Canada's Industrial Fatty Acids, Oils and Alcohols have increased by C$384k (74.8%) from C$514k to C$899k, while imports decreased by C$-1.16M (-10.3%) from C$11.2M to C$10.1M.

Destinations In October 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Peru (C$427k), United States (C$394k), Germany (C$77.2k), and Chile (C$664), and were imported mostly from United States (C$6.84M), India (C$1.18M), Indonesia (C$838k), China (C$427k), and Germany (C$400k).

Growth In October 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to United States (C$186k or 37.4%). In October 2024, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from India (C$-1.13M or -35.4%), Germany (C$-419k or -74.8%), and Netherlands (C$-44.5k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)C$384k(74.8%)

IMPORT GROWTH (October 2023 - October 2024)C$-1.16M(-10.3%)

MAIN EXPORTER (October 2024)Nova ScotiaC$405k

MAIN DESTINATION (October 2024)PeruC$427k

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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