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2022
Exports $181MWorld Rnk 22 / 179
Flag Rnk 304 / 1210
2022
Destination $15.8M United States
2021 - 2022
FASTEST GROWING MARKET $15.8MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Processed Fish-1.45Rnk 941 / 1025
2022
Imports $456MWorld Rnk 11 / 222
Flag Rnk 241 / 1213
2022
Origin $15.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $15.9MThailand
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $181M in Processed Fish, making it the 22nd largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 304th most exported product in Canada. The main destination of Processed Fish exports from Canada are: United States ($116M), United Kingdom ($30.4M), Jamaica ($10.1M), Australia ($4.05M), and Barbados ($3.08M).

The fastest growing export markets for Processed Fish of Canada between 2021 and 2022 were United Kingdom ($15.8M), United States ($13.6M), and Jamaica ($2.03M).

Imports In 2022, Canada imported $456M in Processed Fish, becoming the 11th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 241st most imported product in Canada. Canada imports Processed Fish primarily from: United States ($167M), Thailand ($142M), China ($34.8M), Italy ($26.9M), and Vietnam ($16.3M).

The fastest growing import markets in Processed Fish for Canada between 2021 and 2022 were Thailand ($15.9M), United States ($12.2M), and Ecuador ($7.21M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Processed Fish exports accounted up to C$17M and imports accounted up to C$65M, resulting in a negative trade balance of C$48M. Between August 2023 and August 2024 the exports of Canada's   Processed Fish have increased by C$5.49M (47.6%) from C$11.5M to C$17M, while imports increased by C$6.35M (10.8%) from C$58.6M to C$65M.

Destinations In August 2024, Processed Fish were exported mostly to United States (C$12.6M), Japan (C$1.4M), Jamaica (C$1.11M), Trinidad and Tobago (C$431k), and Barbados (C$310k), and were imported mostly from United States (C$31.6M), Thailand (C$18M), Italy (C$4.71M), China (C$2.59M), and Philippines (C$919k).

Growth In August 2024, the increase in Processed Fish's year-by-year exports was explained primarily by an increase in exports to United States (C$1.33M or 12.6%), Fiji (C$42k or 25.9%), and Saint Vincent and the Grenadines (C$28.2k or 138%). In August 2024, the increase in Processed Fish's year-by-year imports was explained primarily by an increase in imports from Thailand (C$3.39M or 26%), Vietnam (C$1.51M or 248%), and Italy (C$650k or 17.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$5.49M(47.6%)
IMPORT GROWTH (August 2023 - August 2024)C$6.35M(10.8%)
MAIN EXPORTER (August 2024)Nova ScotiaC$8.81M
MAIN DESTINATION (August 2024)United StatesC$12.6M

This section shows Processed Fish'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 Processed Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$181M
IMPORTS (2022)$456M
NET TRADE (2022)-$275M

In 2022, Canada exported $181M in Processed Fish. The main destinations of Canada exports on Processed Fish were United States ($116M), United Kingdom ($30.4M), Jamaica ($10.1M), Australia ($4.05M), and Barbados ($3.08M).

In 2022, Canada imported $456M in Processed Fish, mainly from United States ($167M), Thailand ($142M), China ($34.8M), Italy ($26.9M), and Vietnam ($16.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Kingdom$15.8M (109%)
United States$13.6M (13.3%)
Jamaica$2.03M (25.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Canada WERE (2021 - 2022):
Ireland-$976k (-49.3%)
Dominican Republic-$734k (-73.5%)
Ukraine-$448k (-64.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Processed Fish were:
China $3.71B
Thailand $3.1B
Ecuador $1.5B
In 2022, Canada's main importing competitors in Processed Fish were:
United States $2.22B
Japan $1.73B
Italy $1.31B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.8M
TOP IMPORT POTENTIALChina+ $18.2M

Processed Fish’s highest export potential is United States. With an export gap of $46.8M.   Processed Fish’s highest import potential is China with an import gap of $18.2M.

See methodology.

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