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2022
Exports $50.3MWorld Rnk 19 / 152
Flag Rnk 495 / 1210
2022
Destination $6.83M United States
2021 - 2022
FASTEST GROWING MARKET $6.83MUnited States
2022
PRODUCT COMPLEXITY IN Fermented Milk Products-0.22Rnk 622 / 1025
2022
Imports $7.55MWorld Rnk 80 / 219
Flag Rnk 998 / 1213
2022
Origin $1.95M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.95MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $50.3M in Fermented Milk Products, making it the 19th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 495th most exported product in Canada. The main destination of Fermented Milk Products exports from Canada are: United States ($49M), Saudi Arabia ($450k), Singapore ($276k), Philippines ($155k), and Kuwait ($110k).

The fastest growing export markets for Fermented Milk Products of Canada between 2021 and 2022 were United States ($6.83M), Kuwait ($107k), and Philippines ($58.7k).

Imports In 2022, Canada imported $7.55M in Fermented Milk Products, becoming the 80th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 998th most imported product in Canada. Canada imports Fermented Milk Products primarily from: United States ($6.66M), South Korea ($548k), Colombia ($65.7k), France ($55.4k), and Jordan ($51.4k).

The fastest growing import markets in Fermented Milk Products for Canada between 2021 and 2022 were United States ($1.95M), South Korea ($223k), and France ($54.8k).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Fermented Milk Products exports accounted up to C$10.7M and imports accounted up to C$568k, resulting in a positive trade balance of C$10.1M. Between September 2023 and September 2024 the exports of Canada's   Fermented Milk Products have increased by C$2.2M (26%) from C$8.47M to C$10.7M, while imports increased by C$16.7k (3.04%) from C$551k to C$568k.

Destinations In September 2024, Fermented Milk Products were exported mostly to United States (C$10.4M), Philippines (C$158k), United Arab Emirates (C$87.2k), France (C$16.9k), and Saint Pierre and Miquelon (C$11.5k), and were imported mostly from United States (C$562k), Germany (C$2.69k), France (C$1.33k), Poland (C$750), and Bangladesh (C$654).

Growth In September 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to United States (C$2.14M or 46.2%) and France (C$3.71k or 33.2%). In September 2024, the increase in Fermented Milk Products's year-by-year imports was explained primarily by an increase in imports from United States (C$193k or 68.9%) and Poland (C$7 or 1.97%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$2.2M(26%)
IMPORT GROWTH (September 2023 - September 2024)C$16.7k(3.04%)
MAIN EXPORTER (September 2024)OntarioC$10.3M
MAIN DESTINATION (September 2024)United StatesC$10.4M

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.3M
IMPORTS (2022)$7.55M
NET TRADE (2022)$42.7M

In 2022, Canada exported $50.3M in Fermented Milk Products. The main destinations of Canada exports on Fermented Milk Products were United States ($49M), Saudi Arabia ($450k), Singapore ($276k), Philippines ($155k), and Kuwait ($110k).

In 2022, Canada imported $7.55M in Fermented Milk Products, mainly from United States ($6.66M), South Korea ($548k), Colombia ($65.7k), France ($55.4k), and Jordan ($51.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.83M (16.2%)
Kuwait$107k (3.69k%)
Philippines$58.7k (61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Canada WERE (2021 - 2022):
Singapore-$406k (-59.6%)
Saudi Arabia-$128k (-22.2%)
Burma-$49.3k (-35%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Fermented Milk Products were:
Germany $1.01B
France $597M
Belgium $347M
In 2022, Canada's main importing competitors in Fermented Milk Products were:
Italy $477M
United Kingdom $452M
Netherlands $348M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $316k
TOP IMPORT POTENTIALUnited States+ $838k

Fermented Milk Products’s highest export potential is Philippines. With an export gap of $316k.   Fermented Milk Products’s highest import potential is United States with an import gap of $838k.

See methodology.

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