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Pricing

2022
Exports $74.5MWorld Rnk 28 / 186
Flag Rnk 434 / 1210
2022
Destination $8.1M United States
2021 - 2022
FASTEST GROWING MARKET $8.1MUnited States
2022
PRODUCT COMPLEXITY IN Coffee and Tea Extracts-0.5Rnk 703 / 1025
2022
Imports $247MWorld Rnk 11 / 221
Flag Rnk 366 / 1213
2022
Origin $19.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $19.2MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $74.5M 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 434th most exported product in Canada. The main destination of Coffee and Tea Extracts exports from Canada are: United States ($69.9M), Chile ($1.66M), United Kingdom ($365k), Australia ($258k), and Kuwait ($255k).

The fastest growing export markets for Coffee and Tea Extracts of Canada between 2021 and 2022 were United States ($8.1M), Chile ($1.66M), and Kuwait ($249k).

Imports In 2022, Canada imported $247M in Coffee and Tea Extracts, becoming the 11th largest importer of Coffee and Tea Extracts in the world. At the same year, Coffee and Tea Extracts was the 366th most imported product in Canada. Canada imports Coffee and Tea Extracts primarily from: United States ($152M), Brazil ($24.4M), South Korea ($10.1M), Germany ($6.14M), and Japan ($5.32M).

The fastest growing import markets in Coffee and Tea Extracts for Canada between 2021 and 2022 were United States ($19.2M), Brazil ($12M), and France ($2.96M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Coffee and Tea Extracts exports accounted up to C$5.19M and imports accounted up to C$37.8M, resulting in a negative trade balance of C$32.6M. Between June 2023 and June 2024 the exports of Canada's   Coffee and Tea Extracts have decreased by C$-4.84M (-48.3%) from C$10M to C$5.19M, while imports increased by C$4.32M (12.9%) from C$33.5M to C$37.8M.

Destinations In June 2024, Coffee and Tea Extracts were exported mostly to N/A, and were imported mostly from United States (C$24M), Brazil (C$3.14M), South Korea (C$1.49M), Poland (C$1.14M), and Japan (C$950k).

Growth In June 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 June 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 (June 2023 - June 2024)C$-4.84M(-48.3%)
IMPORT GROWTH (June 2023 - June 2024)C$4.32M(12.9%)
MAIN EXPORTER (June 2024)OntarioC$10.2M

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 (2022)$74.5M
IMPORTS (2022)$247M
NET TRADE (2022)-$173M

In 2022, Canada exported $74.5M in Coffee and Tea Extracts. The main destinations of Canada exports on Coffee and Tea Extracts were United States ($69.9M), Chile ($1.66M), United Kingdom ($365k), Australia ($258k), and Kuwait ($255k).

In 2022, Canada imported $247M in Coffee and Tea Extracts, mainly from United States ($152M), Brazil ($24.4M), South Korea ($10.1M), Germany ($6.14M), and Japan ($5.32M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee and Tea Extracts EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$8.1M (13.1%)
Chile$1.66M (27.6k%)
Kuwait$249k (4.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee and Tea Extracts BY Canada WERE (2021 - 2022):
Dominican Republic-$130k (-100%)
Saudi Arabia-$103k (-55%)
Netherlands-$98.5k (-54.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Coffee and Tea Extracts were:
Germany $992M
Brazil $722M
Spain $609M
In 2022, Canada's main importing competitors in Coffee and Tea Extracts were:
United States $945M
Germany $594M
Philippines $539M

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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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