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2022
Exports $172MWorld Rnk 9 / 134
Flag Rnk 313 / 1210
2022
Destination $1.94M United States
2021 - 2022
FASTEST GROWING MARKET $1.94MDominican Republic
2022
PRODUCT COMPLEXITY IN Preserved Meat-0.2Rnk 617 / 1025
2022
Imports $147MWorld Rnk 7 / 212
Flag Rnk 486 / 1213
2022
Origin $177k United States
2021 - 2022
FASTEST GROWING ORIGIN $177kFinland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $172M in Preserved Meat, making it the 9th largest exporter of Preserved Meat in the world. At the same year, Preserved Meat was the 313th most exported product in Canada. The main destination of Preserved Meat exports from Canada are: United States ($142M), Mexico ($3.96M), Trinidad and Tobago ($3.87M), Panama ($3.71M), and Japan ($2.07M).

The fastest growing export markets for Preserved Meat of Canada between 2021 and 2022 were Dominican Republic ($1.94M), Japan ($1.76M), and Philippines ($557k).

Imports In 2022, Canada imported $147M in Preserved Meat, becoming the 7th largest importer of Preserved Meat in the world. At the same year, Preserved Meat was the 486th most imported product in Canada. Canada imports Preserved Meat primarily from: United States ($110M), Italy ($31.9M), Spain ($3.49M), Sweden ($757k), and Romania ($402k).

The fastest growing import markets in Preserved Meat for Canada between 2021 and 2022 were Finland ($177k), Sweden ($76.1k), and Indonesia ($15.8k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Preserved Meat exports accounted up to C$16.7M and imports accounted up to C$16M, resulting in a positive trade balance of C$760k. Between August 2023 and August 2024 the exports of Canada's   Preserved Meat have decreased by C$-1.36M (-7.52%) from C$18.1M to C$16.7M, while imports decreased by C$-517k (-3.14%) from C$16.5M to C$16M.

Destinations In August 2024, Preserved Meat were exported mostly to United States (C$14.4M), Mexico (C$589k), Trinidad and Tobago (C$510k), Panama (C$417k), and Honduras (C$353k), and were imported mostly from United States (C$9.82M), Italy (C$5.82M), Spain (C$288k), France (C$29.6k), and Republic of the Congo (C$228).

Growth In August 2024, the decrease in Preserved Meat's year-by-year exports was explained primarily by a decrease in exports to Trinidad and Tobago (C$-521k or -84.3%), Cuba (C$-247k or -51.7%), and Mexico (C$-145k or -44.3%). In August 2024, the decrease in Preserved Meat's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-1.03M or -23.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-1.36M(-7.52%)
IMPORT GROWTH (August 2023 - August 2024)C$-517k(-3.14%)
MAIN EXPORTER (August 2024)QuebecC$7.79M
MAIN DESTINATION (August 2024)United StatesC$14.4M

This section shows Preserved 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 Preserved Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$172M
IMPORTS (2022)$147M
NET TRADE (2022)$24.5M

In 2022, Canada exported $172M in Preserved Meat. The main destinations of Canada exports on Preserved Meat were United States ($142M), Mexico ($3.96M), Trinidad and Tobago ($3.87M), Panama ($3.71M), and Japan ($2.07M).

In 2022, Canada imported $147M in Preserved Meat, mainly from United States ($110M), Italy ($31.9M), Spain ($3.49M), Sweden ($757k), and Romania ($402k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Preserved Meat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Dominican Republic$1.94M (1%)
Japan$1.76M (563%)
Philippines$557k (656%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Preserved Meat BY Canada WERE (2021 - 2022):
Mexico-$9.22M (-70%)
United States-$8.62M (-5.72%)
Panama-$1.03M (-21.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Preserved Meat were:
Italy $1.13B
Netherlands $905M
Spain $730M
In 2022, Canada's main importing competitors in Preserved Meat were:
United Kingdom $858M
Germany $638M
France $584M

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Trade Value of Preserved Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.39M
TOP IMPORT POTENTIALSpain+ $2.45M

Preserved Meat’s highest export potential is China. With an export gap of $1.39M.   Preserved Meat’s highest import potential is Spain with an import gap of $2.45M.

See methodology.

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