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2023
Exports $7.46MWorld Rnk 34 / 151
Flag Rnk 779 / 1212
falsefalse United States
2022 - 2023
FASTEST GROWING MARKETfalseUnited States
2023
PRODUCT COMPLEXITY IN Coconut Oil-1.7Rnk 972 / 1025
2023
Imports $86.3MWorld Rnk 18 / 210
Flag Rnk 585 / 1211
2022 - 2023
FASTEST GROWING ORIGINfalseN/A
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $7.46M in Coconut Oil, making it the 34th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 779th most exported product in Canada. The main destination of Coconut Oil exports from Canada are: United States ($6.67M), Chile ($214k), Germany ($208k), Philippines ($112k), and Malaysia ($97.7k).

The fastest growing export markets for Coconut Oil of Canada between 2022 and 2023 were United States ($1.63M), Germany ($208k), and Chile ($160k).

Imports In 2023, Canada imported $86.3M in Coconut Oil, becoming the 18th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 585th most imported product in Canada. Canada imports Coconut Oil primarily from: Philippines ($35M), Malaysia ($21.4M), Indonesia ($9.65M), Vietnam ($7.74M), and United States ($6.84M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Coconut Oil exports accounted up to C$133k and imports accounted up to C$11M, resulting in a negative trade balance of C$10.9M. Between November 2023 and November 2024 the exports of Canada's   Coconut Oil have increased by C$119k (855%) from C$13.9k to C$133k, while imports decreased by C$-2.71M (-19.7%) from C$13.7M to C$11M.

Destinations In November 2024, Coconut Oil were exported mostly to United States (C$73.5k), Chile (C$58.2k), Japan (C$1.1k), and France (C$60), and were imported mostly from Philippines (C$4.09M), Malaysia (C$3.46M), Indonesia (C$1.57M), United States (C$921k), and Vietnam (C$780k).

Growth In November 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from Philippines (C$-704k or -15.6%), Indonesia (C$-391k or -31.4%), and Sri Lanka (C$-219k or -36.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$119k(855%)
IMPORT GROWTH (November 2023 - November 2024)C$-2.71M(-19.7%)
MAIN EXPORTER (November 2024)SaskatchewanC$457k
MAIN DESTINATION (November 2024)United StatesC$73.5k

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.46M
IMPORTS (2023)$86.3M
NET TRADE (2023)-$78.8M

In 2023, Canada exported $7.46M in Coconut Oil. The main destinations of Canada exports on Coconut Oil were United States ($6.67M), Chile ($214k), Germany ($208k), Philippines ($112k), and Malaysia ($97.7k).

In 2023, Canada imported $86.3M in Coconut Oil, mainly from Philippines ($35M), Malaysia ($21.4M), Indonesia ($9.65M), Vietnam ($7.74M), and United States ($6.84M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$1.63M (32.3%)
Germany$208k (20.8M%)
Chile$160k (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Canada WERE (2022 - 2023):
Netherlands-$734k (-98.7%)
Sri Lanka-$132k (-100%)
Finland-$13.7k (-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 Coconut Oil were:
Indonesia $2.54B
Philippines $1.17B
Malaysia $1.09B
In 2023, Canada's main importing competitors in Coconut Oil were:
United States $1.05B
China $893M
Germany $678M

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.8M
TOP IMPORT POTENTIALIndonesia+ $5.92M

Coconut Oil’s highest export potential is United States. With an export gap of $12.8M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $5.92M.

See methodology.

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