HS Icon Rapeseed Oil in  Flag Canada

2019
Exports | Imports
: $2.6B | $22.5M, World Rnk 1 / 102
Flag Rnk 26 / 1208 | World Rnk 32 / 204
Flag Rnk 815 / 1213

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $21.9M | $1.25M, South Korea |  United States

2019
ECONOMIC COMPLEXITY of Canada
: 0.96, Rnk 31 / 147

2019
PRODUCT COMPLEXITY  IN Rapeseed Oil
: 0.35, Rnk 434 / 1029

Exports: In 2019, Canada exported $2.6B in Rapeseed Oil, making it the 1st largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 26th most exported product in Canada. The main destination of Rapeseed Oil exports from Canada are: United States ($1.58B), China ($638M), South Korea ($112M), Chile ($85.6M), and Mexico ($76.8M).

The fastest growing export markets for Rapeseed Oil of Canada between 2018 and 2019 were South Korea ($21.9M), United States ($21.8M), and Mexico ($17.5M).

Imports: In 2019, Canada imported $22.5M in Rapeseed Oil, becoming the 32nd largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 815th most imported product in Canada. Canada imports Rapeseed Oil primarily from: United States ($20.9M), India ($679k), Netherlands ($279k), United Kingdom ($217k), and Poland ($106k).

The fastest growing import markets in Rapeseed Oil for Canada between 2018 and 2019 were United States ($1.25M), India ($120k), and China ($29.5k).

Tariffs: In 2018, the average tariff for Canada in Rapeseed Oil was 5%. The countries with the highest import tariffs for Rapeseed Oil were Botswana (Most Favoured Nation duty rate treatement, 8.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.5%), Cameroon (Most Favoured Nation duty rate treatement, 8.5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8.5%), and Algeria (Most Favoured Nation duty rate treatement, 8.5%).

Latest Trends (May 2021)

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Overview: In May 2021 Canada's Rapeseed Oil exports accounted up to C$467M and imports accounted up to C$2.73M, resulting in a positive trade balance of C$464M. Between May 2020 and May 2021 the exports of Canada's   Rapeseed Oil have increased by C$105M (29%) from C$362M to C$467M, while imports increased by C$200k (7.93%) from C$2.53M to C$2.73M.

Destinations: In May 2021, Rapeseed Oil were exported mostly to United States (C$296M), China (C$119M), Mexico (C$27M), South Korea (C$16.2M), and Hong Kong (C$3.66M), and were imported mostly from United States (C$1.83M), Canada (C$648k), India (C$107k), China (C$59.7k), and Australia (C$33.9k).

Growth: In May 2021, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to United States (C$111M or 60%), Mexico (C$15.6M or 137%), and China (C$9.87M or 9.08%). In May 2021, the increase in Rapeseed Oil's year-by-year imports was explained primarily by an increase in imports from China (C$59.6k or 39.7k%), United States (C$33.4k or 1.86%), and Canada (C$33.1k or 5.38%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): C$105M, (29%)

IMPORT GROWTH (May 2020 - May 2021): C$200k, (7.93%)

MAIN EXPORTER (May 2021): Saskatchewan, C$257M

MAIN DESTINATION (May 2021): United States, C$296M

This section shows Rapeseed Oil'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 Rapeseed Oil over time.

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Historical Data

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Value

EXPORTS (2019): $2.6B

IMPORTS (2019): $22.5M

NET TRADE (2019): $2.58B

In 2019, Canada exported $2.6B in Rapeseed Oil. The main destinations of Canada exports on Rapeseed Oil were United States ($1.58B), China ($638M), South Korea ($112M), Chile ($85.6M), and Mexico ($76.8M).

In 2019, Canada imported $22.5M in Rapeseed Oil, mainly from United States ($20.9M), India ($679k), Netherlands ($279k), United Kingdom ($217k), and Poland ($106k).

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IN 2019, Canada HAD A POSITIVE NET TRADE IN Rapeseed Oil WITH:

IN 2019, Canada HAD A NEGATIVE NET TRADE IN Rapeseed Oil WITH:

Flow

THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Canada WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Canada WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Canada's main exporting competitors in Rapeseed Oil were:

In 2018, Canada's main importing competitors in Rapeseed Oil were:

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Tariffs by Country

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In 2018, the average tariff for Canada in Rapeseed Oil was 5%.

The countries with the highest tariffs for Rapeseed Oil in Canada were Botswana (Most Favoured Nation duty rate treatement, 8.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8.5%), Cameroon (Most Favoured Nation duty rate treatement, 8.5%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8.5%), and Algeria (Most Favoured Nation duty rate treatement, 8.5%).