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2022
Exports $11.1BWorld Rnk 7 / 195
Flag Rnk 13 / 96
2022
Destination $638M China
2021 - 2022
FASTEST GROWING MARKET $638MChina
2022
PRODUCT COMPLEXITY IN Cereals-0.36Rnk 663 / 1025
2022
Imports $2.08BWorld Rnk 26 / 222
Flag Rnk 46 / 96
2022
Origin $608M United States
2021 - 2022
FASTEST GROWING ORIGIN $608MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $11.1B in Cereals, making it the 7th largest exporter of Cereals in the world. At the same year, Cereals was the 13th most exported product in Canada. The main destination of Cereals exports from Canada are: China ($2.17B), United States ($1.56B), Japan ($874M), Indonesia ($619M), and Colombia ($474M).

The fastest growing export markets for Cereals of Canada between 2021 and 2022 were China ($638M), United States ($521M), and Japan ($282M).

Imports In 2022, Canada imported $2.08B in Cereals, becoming the 26th largest importer of Cereals in the world. At the same year, Cereals was the 46th most imported product in Canada. Canada imports Cereals primarily from: United States ($1.74B), Thailand ($112M), India ($95.5M), Australia ($37.8M), and Pakistan ($15.5M).

The fastest growing import markets in Cereals for Canada between 2021 and 2022 were United States ($608M), Thailand ($40.3M), and Australia ($36.7M).

COMPANIES In 2023, leading companies such as Costco Wholesale (7) were at the forefront of shipping Cereals from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Cereals exports accounted up to C$1.02B and imports accounted up to C$110M, resulting in a positive trade balance of C$913M. Between June 2023 and June 2024 the exports of Canada's   Cereals have decreased by C$-389M (-27.6%) from C$1.41B to C$1.02B, while imports decreased by C$-6.4M (-5.52%) from C$116M to C$110M.

Destinations In June 2024, Cereals were exported mostly to United States (C$126M), China (C$119M), Japan (C$105M), Indonesia (C$96.5M), and Peru (C$50.3M), and were imported mostly from United States (C$77.7M), India (C$13.2M), Thailand (C$8.52M), Pakistan (C$1.38M), and Peru (C$1.35M).

Growth In June 2024, the decrease in Cereals's year-by-year exports was explained primarily by a decrease in exports to South Korea (C$-34.4M or -96.6%), Malaysia (C$-13.5M or -79.6%), and Indonesia (C$-12M or -21.2%). In June 2024, the decrease in Cereals's year-by-year imports was explained primarily by a decrease in imports from United States (C$-112M or -46%), Thailand (C$-4.87M or -37%), and Canada (C$-737k or -80.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-389M(-27.6%)
IMPORT GROWTH (June 2023 - June 2024)C$-6.4M(-5.52%)
MAIN EXPORTER (June 2024)SaskatchewanC$688M
MAIN DESTINATION (June 2024)United StatesC$126M

This section shows Cereals'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 Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.1B
IMPORTS (2022)$2.08B
NET TRADE (2022)$9.01B

In 2022, Canada exported $11.1B in Cereals. The main destinations of Canada exports on Cereals were China ($2.17B), United States ($1.56B), Japan ($874M), Indonesia ($619M), and Colombia ($474M).

In 2022, Canada imported $2.08B in Cereals, mainly from United States ($1.74B), Thailand ($112M), India ($95.5M), Australia ($37.8M), and Pakistan ($15.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereals EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$638M (41.5%)
United States$521M (50.3%)
Japan$282M (47.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereals BY Canada WERE (2021 - 2022):
Belgium-$97.9M (-88.4%)
Nigeria-$94M (-31.6%)
Ecuador-$90.3M (-21.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Cereals were:
United States $32.6B
Argentina $16.5B
India $14.7B
In 2022, Canada's main importing competitors in Cereals were:
China $18.6B
Japan $8.51B
Mexico $7.82B

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Trade Value of Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $253M
TOP IMPORT POTENTIALUnited States+ $183M

Cereals’s highest export potential is United States. With an export gap of $253M.   Cereals’s highest import potential is United States with an import gap of $183M.

See methodology.

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