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2022
Exports $72.1MWorld Rnk 16 / 196
Flag Rnk 441 / 1210
2022
Destination $321k United States
2021 - 2022
FASTEST GROWING MARKET $321kSwitzerland
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $98.1MWorld Rnk 16 / 214
Flag Rnk 571 / 1213
2022
Origin $1.01M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.01MCosta Rica
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $72.1M in Essential Oils, making it the 16th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 441st most exported product in Canada. The main destination of Essential Oils exports from Canada are: United States ($56.4M), Germany ($4.75M), Mexico ($1.82M), France ($1.78M), and Switzerland ($1.11M).

The fastest growing export markets for Essential Oils of Canada between 2021 and 2022 were Switzerland ($321k), United Arab Emirates ($247k), and Malaysia ($196k).

Imports In 2022, Canada imported $98.1M in Essential Oils, becoming the 16th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 571st most imported product in Canada. Canada imports Essential Oils primarily from: United States ($49.4M), India ($12.6M), Brazil ($5.22M), China ($3.79M), and Mexico ($2.79M).

The fastest growing import markets in Essential Oils for Canada between 2021 and 2022 were Costa Rica ($1.01M), Russia ($429k), and Argentina ($341k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Essential Oils exports accounted up to C$7.21M and imports accounted up to C$8.08M, resulting in a negative trade balance of C$869k. Between June 2023 and June 2024 the exports of Canada's   Essential Oils have increased by C$2.82M (64.3%) from C$4.39M to C$7.21M, while imports decreased by C$-1.38M (-14.6%) from C$9.47M to C$8.08M.

Destinations In June 2024, Essential Oils were exported mostly to United States (C$4.87M), Germany (C$1.65M), United Kingdom (C$117k), Italy (C$104k), and Spain (C$102k), and were imported mostly from United States (C$3.58M), India (C$1.37M), China (C$468k), France (C$318k), and Sri Lanka (C$301k).

Growth In June 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to Switzerland (C$92.5k or 119%), France (C$73.8k or 55.4%), and China (C$64.3k or 628%). In June 2024, the decrease in Essential Oils's year-by-year imports was explained primarily by a decrease in imports from Bulgaria (C$-428k or -87.1%), Indonesia (C$-330k or -91.1%), and India (C$-318k or -28.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$2.82M(64.3%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.38M(-14.6%)
MAIN EXPORTER (June 2024)QuebecC$6.1M
MAIN DESTINATION (June 2024)United StatesC$4.87M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.1M
IMPORTS (2022)$98.1M
NET TRADE (2022)-$26M

In 2022, Canada exported $72.1M in Essential Oils. The main destinations of Canada exports on Essential Oils were United States ($56.4M), Germany ($4.75M), Mexico ($1.82M), France ($1.78M), and Switzerland ($1.11M).

In 2022, Canada imported $98.1M in Essential Oils, mainly from United States ($49.4M), India ($12.6M), Brazil ($5.22M), China ($3.79M), and Mexico ($2.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Switzerland$321k (40.9%)
United Arab Emirates$247k (699%)
Malaysia$196k (287%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Canada WERE (2021 - 2022):
Germany-$919k (-16.2%)
Mexico-$872k (-32.4%)
Philippines-$676k (-97.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Canada's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.5M
TOP IMPORT POTENTIALUnited States+ $8.42M

Essential Oils’s highest export potential is United States. With an export gap of $20.5M.   Essential Oils’s highest import potential is United States with an import gap of $8.42M.

See methodology.

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