Butter in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $4.63M in Butter, making it the 56th largest exporter of Butter in the world. At the same year, Butter was the 876th most exported product in Canada. The main destination of Butter exports from Canada are: United States ($3.09M), Australia ($1.21M), Canada ($144k), Jamaica ($73.7k), and Hong Kong ($21k).

The fastest growing export markets for Butter of Canada between 2021 and 2022 were Australia ($769k), Canada ($144k), and Jamaica ($24k).

Imports In 2022, Canada imported $178M in Butter, becoming the 15th largest importer of Butter in the world. At the same year, Butter was the 440th most imported product in Canada. Canada imports Butter primarily from: United States ($120M), New Zealand ($54.4M), France ($1.57M), Mexico ($726k), and Belgium ($550k).

The fastest growing import markets in Butter for Canada between 2021 and 2022 were United States ($50.2M), New Zealand ($23.7M), and Belgium ($450k).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Butter exports accounted up to C$553k and imports accounted up to C$24.6M, resulting in a negative trade balance of C$24M. Between February 2023 and February 2024 the exports of Canada's Butter have increased by C$552k (129k%) from C$428 to C$553k, while imports increased by C$4.95M (25.2%) from C$19.6M to C$24.6M.

Destinations In February 2024, Butter were exported mostly to United States (C$530k), Australia (C$20.4k), United Arab Emirates (C$906), Saint Pierre and Miquelon (C$519), and France (C$478), and were imported mostly from United States (C$13.7M), New Zealand (C$10.8M), and Belgium (C$100k).

Growth In February 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to France (C$25 or 11.2%). In February 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from New Zealand (C$8.46M or 192%), United States (C$3.82M or 45.6%), and France (C$91.4k or 49%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$552k(129k%)

IMPORT GROWTH (February 2023 - February 2024)C$4.95M(25.2%)

MAIN EXPORTER (February 2024)British ColumbiaC$545k

MAIN DESTINATION (February 2024)United StatesC$530k

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.63M

IMPORTS (2022)$178M

NET TRADE (2022)-$173M

In 2022, Canada exported $4.63M in Butter. The main destinations of Canada exports on Butter were United States ($3.09M), Australia ($1.21M), Canada ($144k), Jamaica ($73.7k), and Hong Kong ($21k).

In 2022, Canada imported $178M in Butter, mainly from United States ($120M), New Zealand ($54.4M), France ($1.57M), Mexico ($726k), and Belgium ($550k).

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