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2023
Exports $396kWorld Rnk 87 / 163
Flag Rnk 1080 / 1212
2023
Destination $129k United States
2022 - 2023
FASTEST GROWING MARKET $129kUnited States
2023
PRODUCT COMPLEXITY IN Bananas-1.96Rnk 995 / 1025
2023
Imports $402MWorld Rnk 11 / 203
Flag Rnk 247 / 1211
2023
Origin $16.7M Guatemala
2022 - 2023
FASTEST GROWING ORIGIN $16.7MEcuador
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $396k in Bananas, making it the 87th largest exporter of Bananas in the world. At the same year, Bananas was the 1080th most exported product in Canada. The main destination of Bananas exports from Canada are: United States ($320k), France ($32.7k), Germany ($25.6k), Saint Pierre and Miquelon ($13.6k), and Bahamas ($3.59k).

The fastest growing export markets for Bananas of Canada between 2022 and 2023 were United States ($129k), France ($28.9k), and Germany ($25.6k).

Imports In 2023, Canada imported $402M in Bananas, becoming the 11th largest importer of Bananas in the world. At the same year, Bananas was the 247th most imported product in Canada. Canada imports Bananas primarily from: Guatemala ($172M), Costa Rica ($61.5M), Ecuador ($50.7M), Honduras ($36.9M), and United States ($24.4M).

The fastest growing import markets in Bananas for Canada between 2022 and 2023 were Ecuador ($16.7M), Costa Rica ($9.16M), and Panama ($5.04M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Bananas exports accounted up to C$116 and imports accounted up to C$58.2M, resulting in a negative trade balance of C$58.2M. Between December 2021 and November 2024 the exports of Canada's   Bananas have decreased by C$-18.1k (-99.4%) from C$18.2k to C$116, while imports increased by C$1.13M (1.98%) from C$57M to C$58.2M.

Destinations In November 2024, Bananas were exported mostly to United Kingdom (C$116), and were imported mostly from Guatemala (C$32.6M), Costa Rica (C$6.72M), Ecuador (C$5.29M), Colombia (C$4.15M), and Mexico (C$3.81M).

Growth In November 2024, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Bananas's year-by-year imports was explained primarily by an increase in imports from Ecuador (C$3.13M or 50%), Guatemala (C$2.29M or 10.8%), and Colombia (C$2.13M or 59.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2021 - November 2024)C$-18.1k(-99.4%)
IMPORT GROWTH (November 2023 - November 2024)C$1.13M(1.98%)
MAIN EXPORTER (November 2024)British ColumbiaC$7.84k
MAIN DESTINATION (November 2024)United KingdomC$116

This section shows Bananas'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 Bananas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$396k
IMPORTS (2023)$402M
NET TRADE (2023)-$402M

In 2023, Canada exported $396k in Bananas. The main destinations of Canada exports on Bananas were United States ($320k), France ($32.7k), Germany ($25.6k), Saint Pierre and Miquelon ($13.6k), and Bahamas ($3.59k).

In 2023, Canada imported $402M in Bananas, mainly from Guatemala ($172M), Costa Rica ($61.5M), Ecuador ($50.7M), Honduras ($36.9M), and United States ($24.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$129k (67.8%)
France$28.9k (768%)
Germany$25.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Canada WERE (2022 - 2023):
Chinese Taipei-$7.71k (-100%)
Saint Pierre and Miquelon-$375 (-2.68%)
Curaçao-$142 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Bananas were:
Ecuador $4.51B
Costa Rica $1.74B
Guatemala $1.55B
In 2023, Canada's main importing competitors in Bananas were:
United States $2.99B
China $1.21B
Japan $940M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $726k
TOP IMPORT POTENTIALEcuador+ $18.2M

Bananas’s highest export potential is United States. With an export gap of $726k.   Bananas’s highest import potential is Ecuador with an import gap of $18.2M.

See methodology.

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