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Pricing

2021 - 2022
FASTEST GROWING MARKET $11.4MUnited States
2022
Origin $22.3M United States
2021 - 2022
FASTEST GROWING ORIGIN $22.3MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported N/A in Soups and broths and preparations thereof, making it the 2nd largest exporter of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 393rd most exported product in Canada. The main destination of Soups and broths and preparations thereof exports from Canada are: United States ($168M), Thailand ($3.88M), Japan ($2.87M), Philippines ($1.07M), and United Kingdom ($359k).

The fastest growing export markets for Soups and broths and preparations thereof of Canada between 2021 and 2022 were United States ($11.4M), Thailand ($763k), and Philippines ($581k).

The fastest growing import markets in Soups and broths and preparations thereof for Canada between 2021 and 2022 were United States ($22.3M), Vietnam ($552k), and Turkey ($426k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of shipping Soups and broths and preparations thereof from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Soups and broths and preparations thereof exports accounted up to C$20.9M and imports accounted up to C$33.1M, resulting in a negative trade balance of C$12.2M. Between June 2023 and June 2024 the exports of Canada's   Soups and broths and preparations thereof have increased by C$5.52M (36%) from C$15.3M to C$20.9M, while imports increased by C$2.24M (7.26%) from C$30.8M to C$33.1M.

Destinations In June 2024, Soups and broths and preparations thereof were exported mostly to United States (C$19.7M), Ukraine (C$987k), Haiti (C$86.9k), Germany (C$64.1k), and Philippines (C$37.4k), and were imported mostly from United States (C$28.8M), South Korea (C$1.91M), Japan (C$548k), China (C$353k), and Egypt (C$246k).

Growth In June 2024, the increase in Soups and broths and preparations thereof's year-by-year exports was explained primarily by an increase in exports to Germany (C$4.07k or 480%) and Saint Pierre and Miquelon (C$1.01k or 23.3%). In June 2024, the increase in Soups and broths and preparations thereof's year-by-year imports was explained primarily by an increase in imports from United States (C$10.1M or 39%), Thailand (C$199k or 103%), and Mexico (C$165k or 61.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$5.52M(36%)
IMPORT GROWTH (June 2023 - June 2024)C$2.24M(7.26%)
MAIN EXPORTER (June 2024)OntarioC$16.8M
MAIN DESTINATION (June 2024)United StatesC$19.7M

This section shows Soups and broths and preparations thereof'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 Soups and broths and preparations thereof over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Soups and broths and preparations thereof throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color

In N/A, Canada exported N/A in Soups and broths and preparations thereof. The main destinations of Canada exports on Soups and broths and preparations thereof were United States ($168M), Thailand ($3.88M), Japan ($2.87M), Philippines ($1.07M), and United Kingdom ($359k).

In N/A, Canada imported N/A in Soups and broths and preparations thereof, mainly from United States ($267M), Japan ($3.36M), Mexico ($1.29M), Vietnam ($1.28M), and South Korea ($1.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and broths and preparations thereof EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$11.4M (7.23%)
Thailand$763k (24.5%)
Philippines$581k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and broths and preparations thereof BY Canada WERE (2021 - 2022):
Japan-$1.78M (-38.4%)
Chinese Taipei-$296k (-91.1%)
China-$195k (-57.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Canada's main exporting competitors in Soups and broths and preparations thereof were:
United States $680M
Senegal $164M
In 2022, Canada's main importing competitors in Soups and broths and preparations thereof were:
United States $347M
Mexico $342M

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Trade Value of Soups and broths and preparations thereof by Exporters

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