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Pricing

2022
Exports $4.63MWorld Rnk 56 / 148
Flag Rnk 876 / 1210
2022
Destination $769k United States
2021 - 2022
FASTEST GROWING MARKET $769kAustralia
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $178MWorld Rnk 15 / 220
Flag Rnk 440 / 1213
2022
Origin $50.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $50.2MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

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

August 2024

About

Overview In August 2024 Canada's Butter exports accounted up to C$390k and imports accounted up to C$24.2M, resulting in a negative trade balance of C$23.8M. Between August 2023 and August 2024 the exports of Canada's   Butter have increased by C$38.5k (10.9%) from C$352k to C$390k, while imports decreased by C$-4.83M (-16.6%) from C$29.1M to C$24.2M.

Destinations In August 2024, Butter were exported mostly to Australia (C$258k), United States (C$131k), Saint Pierre and Miquelon (C$681), and France (C$211), and were imported mostly from United States (C$18.4M), New Zealand (C$5.79M), France (C$3.69k), Poland (C$1.11k), and Sweden (C$26).

Growth In August 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to France (C$25 or 11.2%). In August 2024, the decrease in Butter's year-by-year imports was explained primarily by a decrease in imports from Poland (C$-4.51k or -82.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$38.5k(10.9%)
IMPORT GROWTH (August 2023 - August 2024)C$-4.83M(-16.6%)
MAIN EXPORTER (August 2024)OntarioC$819k
MAIN DESTINATION (August 2024)AustraliaC$258k

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Australia$769k (173%)
Canada$144k (104k%)
Jamaica$24k (48.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Canada WERE (2021 - 2022):
Saudi Arabia-$603k (-100%)
United States-$267k (-7.94%)
Zimbabwe-$190k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, Canada's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.44M
TOP IMPORT POTENTIALFrance+ $1.95M

Butter’s highest export potential is United States. With an export gap of $2.44M.   Butter’s highest import potential is France with an import gap of $1.95M.

See methodology.

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