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2022
ExportsfalseWorld Rnk 6 / 141
Flag Rnk 206 / 1210
2021 - 2022
FASTEST GROWING MARKET $208MUnited States
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Origin $8.53M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.53MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $372M in Inedible Fats and Oils, making it the 6th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 206th most exported product in Canada. The main destination of Inedible Fats and Oils exports from Canada are: United States ($305M), Singapore ($53.3M), El Salvador ($6.69M), United Kingdom ($3.27M), and Netherlands ($879k).

The fastest growing export markets for Inedible Fats and Oils of Canada between 2021 and 2022 were United States ($208M), Singapore ($11M), and El Salvador ($4.21M).

The fastest growing import markets in Inedible Fats and Oils for Canada between 2021 and 2022 were United States ($8.53M), Malaysia ($240k), and France ($81.7k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Inedible Fats and Oils exports accounted up to C$35.4M and imports accounted up to C$3.49M, resulting in a positive trade balance of C$31.9M. Between June 2023 and June 2024 the exports of Canada's   Inedible Fats and Oils have increased by C$12.6M (54.9%) from C$22.8M to C$35.4M, while imports increased by C$934k (36.5%) from C$2.56M to C$3.49M.

Destinations In June 2024, Inedible Fats and Oils were exported mostly to United States (C$34.9M), United Kingdom (C$525k), Guyana (C$1.02k), and Germany (C$78), and were imported mostly from United States (C$3.4M), United Kingdom (C$43.1k), Australia (C$37.7k), France (C$10.7k), and India (C$783).

Growth In June 2024, the increase in Inedible Fats and Oils's year-by-year exports was explained primarily by an increase in exports to United States (C$12.6M or 55.9%). In June 2024, the increase in Inedible Fats and Oils's year-by-year imports was explained primarily by an increase in imports from United States (C$410k or 16.7%), France (C$105k or 17k%), and Poland (C$10.3k or 1.28k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$12.6M(54.9%)
IMPORT GROWTH (June 2023 - June 2024)C$934k(36.5%)
MAIN EXPORTER (June 2024)OntarioC$18.2M
MAIN DESTINATION (June 2024)United StatesC$34.9M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$372M

In 2022, Canada exported $372M in Inedible Fats and Oils. The main destinations of Canada exports on Inedible Fats and Oils were United States ($305M), Singapore ($53.3M), El Salvador ($6.69M), United Kingdom ($3.27M), and Netherlands ($879k).

In N/A, Canada imported N/A in Inedible Fats and Oils, mainly from United States ($24.2M), United Kingdom ($523k), France ($247k), Malaysia ($240k), and Australia ($155k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$208M (214%)
Singapore$11M (25.9%)
El Salvador$4.21M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Canada WERE (2021 - 2022):
Guatemala-$6.71M (-90.9%)
United Kingdom-$3.2M (-49.5%)
Austria-$511k (-37.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, Canada's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B
Spain $1.03B

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $4.17M
TOP IMPORT POTENTIALUnited States+ $4.88M

Inedible Fats and Oils’s highest export potential is United Kingdom. With an export gap of $4.17M.   Inedible Fats and Oils’s highest import potential is United States with an import gap of $4.88M.

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