2023
Exports
$490MWorld Rnk 1 / 116
Flag Rnk 170 / 1212
2023
PRODUCT COMPLEXITY IN Peat
0.017Rnk 552 / 1025
2023
Imports
$15.1MWorld Rnk 23 / 198
Flag Rnk 882 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $490M in Peat, making it the 1st largest exporter of Peat in the world. At the same year, Peat was the 170th most exported product in Canada. The main destination of Peat exports from Canada are: United States ($460M), Mexico ($13M), Japan ($5.42M), Colombia ($1.45M), and Chile ($1.35M).

The fastest growing export markets for Peat of Canada between 2022 and 2023 were Chile ($665k), Colombia ($357k), and Jamaica ($138k).

Imports In 2023, Canada imported $15.1M in Peat, becoming the 23rd largest importer of Peat in the world. At the same year, Peat was the 882nd most imported product in Canada. Canada imports Peat primarily from: United States ($11.4M), Netherlands ($1.77M), Norway ($1.03M), Latvia ($425k), and Ireland ($160k).

The fastest growing import markets in Peat for Canada between 2022 and 2023 were Norway ($1.03M), Netherlands ($722k), and Finland ($49.6k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-1.46M(-2.85%)
IMPORT GROWTH (December 2023 - December 2024)C$-1.98M(-48.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$47.3M

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$490M
IMPORTS (2023)$15.1M
NET TRADE (2023)$475M

In 2023, Canada exported $490M in Peat. The main destinations of Canada exports on Peat were United States ($460M), Mexico ($13M), Japan ($5.42M), Colombia ($1.45M), and Chile ($1.35M).

In 2023, Canada imported $15.1M in Peat, mainly from United States ($11.4M), Netherlands ($1.77M), Norway ($1.03M), Latvia ($425k), and Ireland ($160k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Chile$665k (97.4%)
Colombia$357k (32.6%)
Jamaica$138k (35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY Canada WERE (2022 - 2023):
United States-$37.9M (-7.61%)
Japan-$4.63M (-46.1%)
Mexico-$1.28M (-8.91%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.09M
TOP IMPORT POTENTIALLatvia+ $414k

Peat’s highest export potential is Mexico. With an export gap of $1.09M.   Peat’s highest import potential is Latvia with an import gap of $414k.

See methodology.

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