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Pricing

2022
Exports $92.6MWorld Rnk 3 / 71
Flag Rnk 399 / 1210
2022
Destination $9.58M Japan
2021 - 2022
FASTEST GROWING MARKET $9.58MJapan
2022
PRODUCT COMPLEXITY IN Animal Fat0.41Rnk 403 / 1025
2022
Imports $252kWorld Rnk 78 / 154
Flag Rnk 1178 / 1213
2022
Origin $32.3k Spain
2021 - 2022
FASTEST GROWING ORIGIN $32.3kChile
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $92.6M in Animal Fat, making it the 3rd largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 399th most exported product in Canada. The main destination of Animal Fat exports from Canada are: Japan ($42.9M), Mexico ($17.9M), United States ($14.8M), Philippines ($6.79M), and South Korea ($3.87M).

The fastest growing export markets for Animal Fat of Canada between 2021 and 2022 were Japan ($9.58M), Mexico ($2.33M), and Vietnam ($1.35M).

Imports In 2022, Canada imported $252k in Animal Fat, becoming the 78th largest importer of Animal Fat in the world. At the same year, Animal Fat was the 1178th most imported product in Canada. Canada imports Animal Fat primarily from: Spain ($86.6k), United States ($56.6k), France ($50.4k), Chile ($32.3k), and Portugal ($21.5k).

The fastest growing import markets in Animal Fat for Canada between 2021 and 2022 were Chile ($32.3k), France ($16.3k), and Italy ($4.28k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Animal Fat exports accounted up to C$8.84M and imports accounted up to C$21, resulting in a positive trade balance of C$8.84M. Between June 2023 and June 2024 the exports of Canada's   Animal Fat have decreased by C$-1.76M (-16.6%) from C$10.6M to C$8.84M, while imports decreased by C$-61.6k (-100%) from C$61.6k to C$21.

Destinations In June 2024, Animal Fat were exported mostly to Japan (C$4.91M), United States (C$1.34M), Mexico (C$1.19M), Philippines (C$421k), and Malaysia (C$260k), and were imported mostly from United States (C$21).

Growth In June 2024, the decrease in Animal Fat's year-by-year exports was explained primarily by a decrease in exports to Vietnam (C$-762k or -89.3%) and Japan (C$-736k or -23.3%). In June 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 (June 2023 - June 2024)C$-1.76M(-16.6%)
IMPORT GROWTH (April 2023 - June 2024)C$-61.6k(-100%)
MAIN EXPORTER (June 2024)QuebecC$4.78M
MAIN DESTINATION (June 2024)JapanC$4.91M

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 (2022)$92.6M
IMPORTS (2022)$252k
NET TRADE (2022)$92.3M

In 2022, Canada exported $92.6M in Animal Fat. The main destinations of Canada exports on Animal Fat were Japan ($42.9M), Mexico ($17.9M), United States ($14.8M), Philippines ($6.79M), and South Korea ($3.87M).

In 2022, Canada imported $252k in Animal Fat, mainly from Spain ($86.6k), United States ($56.6k), France ($50.4k), Chile ($32.3k), and Portugal ($21.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Japan$9.58M (28.7%)
Mexico$2.33M (15%)
Vietnam$1.35M (334%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Canada WERE (2021 - 2022):
China-$5.6M (-97.4%)
United States-$1.47M (-9.06%)
Philippines-$543k (-7.41%)
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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 Fat were:
Spain $162M
Germany $140M
In 2022, Canada's main importing competitors in Animal Fat were:
Philippines $76.1M
Japan $59.2M
Belgium $51.3M

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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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