Rapeseed in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $4.38B in Rapeseed, making it the 2nd largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 21st most exported product in Canada. The main destination of Rapeseed exports from Canada are: China ($1.68B), Japan ($1.06B), Mexico ($876M), United States ($263M), and Pakistan ($184M).

The fastest growing export markets for Rapeseed of Canada between 2021 and 2022 were China ($284M), United States ($31M), and Mexico ($14.7M).

Imports In 2022, Canada imported $123M in Rapeseed, becoming the 18th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 529th most imported product in Canada. Canada imports Rapeseed primarily from: United States ($98.3M), Chile ($22.9M), Australia ($1.13M), Canada ($196k), and France ($52k).

The fastest growing import markets in Rapeseed for Canada between 2021 and 2022 were Chile ($12.6M), United States ($11.2M), and France ($48.2k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Rapeseed from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Rapeseed exports accounted up to C$343M and imports accounted up to C$18.7M, resulting in a positive trade balance of C$324M. Between January 2023 and January 2024 the exports of Canada's Rapeseed have decreased by C$-303M (-46.9%) from C$646M to C$343M, while imports increased by C$830k (4.63%) from C$17.9M to C$18.7M.

Destinations In January 2024, Rapeseed were exported mostly to China (C$216M), Japan (C$83.8M), Mexico (C$23.5M), United States (C$18.9M), and Malaysia (C$29.5k), and were imported mostly from United States (C$18.7M), Australia (C$334), Chile (C$105), France (C$32), and Italy (C$14).

Growth In January 2024, the decrease in Rapeseed's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-103M or -47.1%), Mexico (C$-28.3M or -27.6%), and Indonesia (C$-202k or -68.9%). In January 2024, the increase in Rapeseed's year-by-year imports was explained primarily by an increase in imports from United States (C$9.99M or 126%) and France (C$32 or 3.2k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-303M(-46.9%)

IMPORT GROWTH (January 2023 - January 2024)C$830k(4.63%)

MAIN EXPORTER (January 2024)SaskatchewanC$182M

MAIN DESTINATION (January 2024)ChinaC$216M

This section shows Rapeseed'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.38B

IMPORTS (2022)$123M

NET TRADE (2022)$4.25B

In 2022, Canada exported $4.38B in Rapeseed. The main destinations of Canada exports on Rapeseed were China ($1.68B), Japan ($1.06B), Mexico ($876M), United States ($263M), and Pakistan ($184M).

In 2022, Canada imported $123M in Rapeseed, mainly from United States ($98.3M), Chile ($22.9M), Australia ($1.13M), Canada ($196k), and France ($52k).

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