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2023
Exports $3.06BWorld Rnk 5 / 133
Flag Rnk 27 / 1212
2023
Destination $70.6M United States
2022 - 2023
FASTEST GROWING MARKET $70.6MChinese Taipei
2023
PRODUCT COMPLEXITY IN Pig Meat0.65Rnk 305 / 1025
2023
Imports $566MWorld Rnk 17 / 219
Flag Rnk 190 / 1211
2023
Origin $55.1M United States
2022 - 2023
FASTEST GROWING ORIGIN $55.1MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $3.06B in Pig Meat, making it the 5th largest exporter of Pig Meat in the world. At the same year, Pig Meat was the 27th most exported product in Canada. The main destination of Pig Meat exports from Canada are: United States ($896M), Japan ($859M), Mexico ($371M), China ($250M), and Philippines ($186M).

The fastest growing export markets for Pig Meat of Canada between 2022 and 2023 were Chinese Taipei ($70.6M), Colombia ($39.5M), and Mexico ($26.7M).

Imports In 2023, Canada imported $566M in Pig Meat, becoming the 17th largest importer of Pig Meat in the world. At the same year, Pig Meat was the 190th most imported product in Canada. Canada imports Pig Meat primarily from: United States ($438M), Germany ($38.6M), Denmark ($34.1M), Spain ($15.6M), and Brazil ($12.9M).

The fastest growing import markets in Pig Meat for Canada between 2022 and 2023 were United States ($55.1M), Brazil ($11.6M), and Denmark ($6.09M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Pig Meat exports accounted up to C$372M and imports accounted up to C$62.9M, resulting in a positive trade balance of C$309M. Between November 2023 and November 2024 the exports of Canada's   Pig Meat have increased by C$63.7M (20.7%) from C$308M to C$372M, while imports increased by C$5.86M (10.3%) from C$57M to C$62.9M.

Destinations In November 2024, Pig Meat were exported mostly to Japan (C$119M), United States (C$114M), Mexico (C$42.5M), South Korea (C$24.5M), and China (C$22.5M), and were imported mostly from United States (C$55M), Brazil (C$1.88M), Denmark (C$1.75M), Germany (C$1.2M), and United Kingdom (C$1.02M).

Growth In November 2024, the increase in Pig Meat's year-by-year exports was explained primarily by an increase in exports to China (C$7.03M or 26.2%), Mexico (C$5.16M or 24.7%), and Colombia (C$4.46M or 492%). In November 2024, the increase in Pig Meat's year-by-year imports was explained primarily by an increase in imports from United States (C$8.08M or 18.6%), Denmark (C$1.46M or 75.4%), and United Kingdom (C$169k or 26.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$63.7M(20.7%)
IMPORT GROWTH (November 2023 - November 2024)C$5.86M(10.3%)
MAIN EXPORTER (November 2024)QuebecC$143M
MAIN DESTINATION (November 2024)JapanC$119M

This section shows Pig Meat'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 Pig Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.06B
IMPORTS (2023)$566M
NET TRADE (2023)$2.49B

In 2023, Canada exported $3.06B in Pig Meat. The main destinations of Canada exports on Pig Meat were United States ($896M), Japan ($859M), Mexico ($371M), China ($250M), and Philippines ($186M).

In 2023, Canada imported $566M in Pig Meat, mainly from United States ($438M), Germany ($38.6M), Denmark ($34.1M), Spain ($15.6M), and Brazil ($12.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pig Meat EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Chinese Taipei$70.6M (164%)
Colombia$39.5M (257%)
Mexico$26.7M (7.77%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Meat BY Canada WERE (2022 - 2023):
United States-$226M (-20.1%)
China-$62.3M (-19.9%)
South Korea-$42.4M (-21.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Pig Meat were:
Spain $6.54B
United States $5.98B
Germany $4.08B
In 2023, Canada's main importing competitors in Pig Meat were:
Japan $3.79B
China $3.27B
Italy $3.16B

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Trade Value of Pig Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $103M
TOP IMPORT POTENTIALUnited States+ $70.9M

Pig Meat’s highest export potential is United States. With an export gap of $103M.   Pig Meat’s highest import potential is United States with an import gap of $70.9M.

See methodology.

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