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2023
Exports $79.1MWorld Rnk 3 / 77
Flag Rnk 413 / 1212
2023
Destination $2.88M Japan
2022 - 2023
FASTEST GROWING MARKET $2.88MMexico
2023
PRODUCT COMPLEXITY IN Animal Fat0.44Rnk 389 / 1025
2023
Imports $822kWorld Rnk 64 / 162
Flag Rnk 1142 / 1211
2023
Origin $432k Philippines
2022 - 2023
FASTEST GROWING ORIGIN $432kPhilippines
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $79.1M in Animal Fat, making it the 3rd largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 413th most exported product in Canada. The main destination of Animal Fat exports from Canada are: Japan ($27.2M), Mexico ($20.8M), United States ($14.4M), Philippines ($6.29M), and Chinese Taipei ($2.66M).

The fastest growing export markets for Animal Fat of Canada between 2022 and 2023 were Mexico ($2.88M), Chinese Taipei ($2.01M), and Singapore ($691k).

Imports In 2023, Canada imported $822k in Animal Fat, becoming the 64th largest importer of Animal Fat in the world. At the same year, Animal Fat was the 1142nd most imported product in Canada. Canada imports Animal Fat primarily from: Philippines ($432k), United States ($161k), Germany ($101k), Spain ($91.4k), and Portugal ($30.6k).

The fastest growing import markets in Animal Fat for Canada between 2022 and 2023 were Philippines ($432k), United States ($105k), and Germany ($101k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Animal Fat exports accounted up to C$9.89M and imports accounted up to C$284, resulting in a positive trade balance of C$9.89M. Between November 2023 and November 2024 the exports of Canada's   Animal Fat have increased by C$1.9M (23.8%) from C$7.99M to C$9.89M, while imports decreased by C$-53.6k (-99.5%) from C$53.8k to C$284.

Destinations In November 2024, Animal Fat were exported mostly to Japan (C$3.84M), Mexico (C$3.1M), United States (C$1.4M), Panama (C$492k), and China (C$405k), and were imported mostly from United States (C$284).

Growth In November 2024, the increase in Animal Fat's year-by-year exports was explained primarily by an increase in exports to Mexico (C$413k or 25.9%), Chinese Taipei (C$231k or 4.48k%), and Philippines (C$72.1k or 19%). In November 2024, the decrease in Animal Fat's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$1.9M(23.8%)
IMPORT GROWTH (October 2023 - November 2024)C$-53.6k(-99.5%)
MAIN EXPORTER (November 2024)QuebecC$4.78M
MAIN DESTINATION (November 2024)JapanC$3.84M

This section shows Animal Fat'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 Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$79.1M
IMPORTS (2023)$822k
NET TRADE (2023)$78.2M

In 2023, Canada exported $79.1M in Animal Fat. The main destinations of Canada exports on Animal Fat were Japan ($27.2M), Mexico ($20.8M), United States ($14.4M), Philippines ($6.29M), and Chinese Taipei ($2.66M).

In 2023, Canada imported $822k in Animal Fat, mainly from Philippines ($432k), United States ($161k), Germany ($101k), Spain ($91.4k), and Portugal ($30.6k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Mexico$2.88M (16.1%)
Chinese Taipei$2.01M (309%)
Singapore$691k (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Canada WERE (2022 - 2023):
Japan-$22.9M (-45.7%)
South Korea-$4.45M (-91.4%)
Philippines-$1.43M (-18.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Animal Fat were:
Spain $186M
Germany $121M
In 2023, Canada's main importing competitors in Animal Fat were:
Philippines $86.9M
Japan $78.5M
Belgium $58.1M

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.59M
TOP IMPORT POTENTIALUnited States+ $81.8k

Animal Fat’s highest export potential is United States. With an export gap of $1.59M.   Animal Fat’s highest import potential is United States with an import gap of $81.8k.

See methodology.

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