2022
Exports
$189MWorld Rnk 15 / 135
Flag Rnk 293 / 1210
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$198MWorld Rnk 24 / 215
Flag Rnk 409 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $189M in Soybean Oil, making it the 15th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 293rd most exported product in Canada. The main destination of Soybean Oil exports from Canada are: United States ($181M), United Arab Emirates ($2.93M), Trinidad and Tobago ($1.25M), Saudi Arabia ($935k), and Jordan ($637k).

The fastest growing export markets for Soybean Oil of Canada between 2021 and 2022 were Trinidad and Tobago ($924k), Lebanon ($422k), and Saint Kitts and Nevis ($59.7k).

Imports In 2022, Canada imported $198M in Soybean Oil, becoming the 24th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 409th most imported product in Canada. Canada imports Soybean Oil primarily from: United States ($157M), Argentina ($39M), Malaysia ($740k), China ($454k), and Russia ($416k).

The fastest growing import markets in Soybean Oil for Canada between 2021 and 2022 were United States ($98.8M), Argentina ($39M), and Malaysia ($740k).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-14M(-71%)
IMPORT GROWTH (September 2023 - September 2024)C$36M(42.6%)
MAIN EXPORTER (September 2024)OntarioC$12.5M
MAIN DESTINATION (September 2024)United StatesC$4.98M

This section shows Soybean 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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$189M
IMPORTS (2022)$198M
NET TRADE (2022)-$9.08M

In 2022, Canada exported $189M in Soybean Oil. The main destinations of Canada exports on Soybean Oil were United States ($181M), United Arab Emirates ($2.93M), Trinidad and Tobago ($1.25M), Saudi Arabia ($935k), and Jordan ($637k).

In 2022, Canada imported $198M in Soybean Oil, mainly from United States ($157M), Argentina ($39M), Malaysia ($740k), China ($454k), and Russia ($416k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Lebanon$422k (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Canada WERE (2021 - 2022):
United States-$18.3M (-9.15%)
Saudi Arabia-$2.39M (-71.9%)
United Arab Emirates-$2.01M (-40.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Soybean Oil were:
In 2022, Canada's main importing competitors in Soybean Oil were:

Explore Visualizations

Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSaudi Arabia+ $389k
TOP IMPORT POTENTIALArgentina+ $7.61M

Soybean Oil’s highest export potential is Saudi Arabia. With an export gap of $389k.   Soybean Oil’s highest import potential is Argentina with an import gap of $7.61M.

See methodology.

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