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2022
Exports $7.58MWorld Rnk 12 / 80
Flag Rnk 816 / 1210
2022
Destination $30.3k United States
2021 - 2022
FASTEST GROWING MARKET $30.3kFrance
2022
Imports $16.8MWorld Rnk 6 / 154
Flag Rnk 886 / 1213
2022
Origin $119k United States
2021 - 2022
FASTEST GROWING ORIGIN $119kChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $7.58M in Animal Extracts, making it the 12th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 816th most exported product in Canada. The main destination of Animal Extracts exports from Canada are: United States ($7.4M), France ($90.1k), United Kingdom ($34.6k), South Korea ($29.8k), and Japan ($26.9k).

The fastest growing export markets for Animal Extracts of Canada between 2021 and 2022 were France ($30.3k), South Korea ($29.8k), and China ($3.4k).

Imports In 2022, Canada imported $16.8M in Animal Extracts, becoming the 6th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 886th most imported product in Canada. Canada imports Animal Extracts primarily from: United States ($8.85M), New Zealand ($6.68M), Denmark ($377k), Poland ($238k), and China ($182k).

The fastest growing import markets in Animal Extracts for Canada between 2021 and 2022 were China ($119k), Italy ($86k), and Spain ($14k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Animal Extracts exports accounted up to C$76.5k and imports accounted up to C$89.1k, resulting in a negative trade balance of C$12.7k. Between July 2022 and August 2024 the exports of Canada's   Animal Extracts have decreased by C$-40.7k (-34.7%) from C$117k to C$76.5k, while imports decreased by C$-139k (-60.9%) from C$228k to C$89.1k.

Destinations In August 2024, Animal Extracts were exported mostly to South Korea (C$76.5k), and were imported mostly from United States (C$35.7k), China (C$30.5k), Thailand (C$7.44k), Philippines (C$6.33k), and Spain (C$4.55k).

Growth In August 2024, the decrease in Animal Extracts's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Animal Extracts's year-by-year imports was explained primarily by a decrease in imports from United States (C$-931k or -76.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2022 - August 2024)C$-40.7k(-34.7%)
IMPORT GROWTH (August 2023 - August 2024)C$-139k(-60.9%)
MAIN EXPORTER (August 2024)OntarioC$76.5k
MAIN DESTINATION (August 2024)South KoreaC$76.5k

This section shows Animal Extracts'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 Animal Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.58M
IMPORTS (2022)$16.8M
NET TRADE (2022)-$9.26M

In 2022, Canada exported $7.58M in Animal Extracts. The main destinations of Canada exports on Animal Extracts were United States ($7.4M), France ($90.1k), United Kingdom ($34.6k), South Korea ($29.8k), and Japan ($26.9k).

In 2022, Canada imported $16.8M in Animal Extracts, mainly from United States ($8.85M), New Zealand ($6.68M), Denmark ($377k), Poland ($238k), and China ($182k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
France$30.3k (50.6%)
South Korea$29.8k (331k%)
China$3.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Canada WERE (2021 - 2022):
United States-$2.57M (-25.8%)
Belgium-$1.72M (-100%)
Japan-$126k (-82.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Animal Extracts were:
New Zealand $32M
Italy $28.2M
China $25.8M
In 2022, Canada's main importing competitors in Animal Extracts were:
United States $37M
Japan $35.9M
Germany $26.5M

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $557k
TOP IMPORT POTENTIALChina+ $189k

Animal Extracts’s highest export potential is United States. With an export gap of $557k.   Animal Extracts’s highest import potential is China with an import gap of $189k.

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