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2023
Exports $76MWorld Rnk 28 / 186
Flag Rnk 419 / 1212
2023
Destination $4.82M United States
2022 - 2023
FASTEST GROWING MARKET $4.82MUnited States
2023
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.47Rnk 687 / 1025
2023
Imports $271MWorld Rnk 10 / 223
Flag Rnk 331 / 1211
2023
Origin $13.6M United States
2022 - 2023
FASTEST GROWING ORIGIN $13.6MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $76M in Coffee and Tea Extracts, making it the 28th largest exporter of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 419th most exported product in Canada. The main destination of Coffee and Tea Extracts exports from Canada are: United States ($73.6M), Oman ($299k), United Arab Emirates ($236k), Australia ($231k), and India ($194k).

The fastest growing export markets for Coffee and Tea Extracts of Canada between 2022 and 2023 were United States ($4.82M), Oman ($291k), and Cuba ($75k).

Imports In 2023, Canada imported $271M in Coffee and Tea Extracts, becoming the 10th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 331st most imported product in Canada. Canada imports Coffee and Tea Extracts primarily from: United States ($160M), Brazil ($21.5M), South Korea ($9.35M), Colombia ($9.01M), and Germany ($7.07M).

The fastest growing import markets in Coffee and Tea Extracts for Canada between 2022 and 2023 were United States ($13.6M), Colombia ($5.36M), and Poland ($1.74M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Coffee and Tea Extracts exports accounted up to C$7.62M and imports accounted up to C$26.4M, resulting in a negative trade balance of C$18.7M. Between November 2023 and November 2024 the exports of Canada's   Coffee and Tea Extracts have decreased by C$-2.41M (-24%) from C$10M to C$7.62M, while imports increased by C$4.27M (19.3%) from C$22.1M to C$26.4M.

Destinations In November 2024, Coffee and Tea Extracts were exported mostly to United States (C$7.49M), Saudi Arabia (C$80.1k), United Kingdom (C$34.9k), China (C$7.53k), and Japan (C$3.85k), and were imported mostly from United States (C$13.1M), Brazil (C$4.55M), Poland (C$1.22M), Germany (C$1.21M), and Mexico (C$1.11M).

Growth In November 2024, the decrease in Coffee and Tea Extracts's year-by-year exports was explained primarily by a decrease in exports to Saudi Arabia (C$-41.3k or -84.2%) and China (C$-3.55k or -93.9%). In November 2024, the increase in Coffee and Tea Extracts's year-by-year imports was explained primarily by an increase in imports from United States (C$5.37M or 59.5%), Brazil (C$1.84M or 204%), and Hungary (C$592k or 363%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-2.41M(-24%)
IMPORT GROWTH (November 2023 - November 2024)C$4.27M(19.3%)
MAIN EXPORTER (November 2024)OntarioC$10.2M
MAIN DESTINATION (November 2024)United StatesC$7.49M

This section shows Coffee and Tea Extracts'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 Coffee and Tea Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$76M
IMPORTS (2023)$271M
NET TRADE (2023)-$195M

In 2023, Canada exported $76M in Coffee and Tea Extracts. The main destinations of Canada exports on Coffee and Tea Extracts were United States ($73.6M), Oman ($299k), United Arab Emirates ($236k), Australia ($231k), and India ($194k).

In 2023, Canada imported $271M in Coffee and Tea Extracts, mainly from United States ($160M), Brazil ($21.5M), South Korea ($9.35M), Colombia ($9.01M), and Germany ($7.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$4.82M (7%)
Oman$291k (3.62k%)
Cuba$75k (3.83k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Canada WERE (2022 - 2023):
Chile-$1.68M (-98.2%)
South Korea-$234k (-100%)
Germany-$195k (-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 Coffee and Tea Extracts were:
Germany $1.05B
Brazil $776M
Spain $700M
In 2023, Canada's main importing competitors in Coffee and Tea Extracts were:
United States $1.04B
Germany $636M
United Kingdom $554M

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Trade Value of Coffee and Tea Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6M
TOP IMPORT POTENTIALBrazil+ $5.55M

Coffee and Tea Extracts’s highest export potential is United States. With an export gap of $21.6M.   Coffee and Tea Extracts’s highest import potential is Brazil with an import gap of $5.55M.

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