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2023
Exports $66.5MWorld Rnk 16 / 153
Flag Rnk 445 / 1212
2023
Destination $16.5M United States
2022 - 2023
FASTEST GROWING MARKET $16.5MUnited States
2023
PRODUCT COMPLEXITY IN Fermented Milk Products-0.17Rnk 610 / 1025
2023
Imports $6.89MWorld Rnk 81 / 223
Flag Rnk 988 / 1211
2023
Origin $165k United States
2022 - 2023
FASTEST GROWING ORIGIN $165kUnited Arab Emirates
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $66.5M in Fermented Milk Products, making it the 16th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 445th most exported product in Canada. The main destination of Fermented Milk Products exports from Canada are: United States ($65.5M), Netherlands ($286k), Singapore ($249k), Burma ($200k), and Saint Pierre and Miquelon ($103k).

The fastest growing export markets for Fermented Milk Products of Canada between 2022 and 2023 were United States ($16.5M), Netherlands ($286k), and Burma ($100k).

Imports In 2023, Canada imported $6.89M in Fermented Milk Products, becoming the 81st largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 988th most imported product in Canada. Canada imports Fermented Milk Products primarily from: United States ($6.05M), United Arab Emirates ($186k), Jordan ($180k), Colombia ($95.4k), and Kuwait ($88.2k).

The fastest growing import markets in Fermented Milk Products for Canada between 2022 and 2023 were United Arab Emirates ($165k), Jordan ($128k), and Kuwait ($88.2k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Fermented Milk Products exports accounted up to C$10.1M and imports accounted up to C$763k, resulting in a positive trade balance of C$9.34M. Between November 2023 and November 2024 the exports of Canada's   Fermented Milk Products have increased by C$2.36M (30.4%) from C$7.74M to C$10.1M, while imports decreased by C$-96.8k (-11.3%) from C$860k to C$763k.

Destinations In November 2024, Fermented Milk Products were exported mostly to United States (C$10.1M), France (C$23.2k), Saint Pierre and Miquelon (C$19.2k), and Hong Kong (C$859), and were imported mostly from United States (C$762k), Poland (C$1.02k), Israel (C$14), and Malaysia (C$1).

Growth In November 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$3.71k or 33.2%). In November 2024, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from Lebanon (C$-1.71k or -81.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$2.36M(30.4%)
IMPORT GROWTH (November 2023 - November 2024)C$-96.8k(-11.3%)
MAIN EXPORTER (November 2024)OntarioC$10.9M
MAIN DESTINATION (November 2024)United StatesC$10.1M

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 (2023)$66.5M
IMPORTS (2023)$6.89M
NET TRADE (2023)$59.7M

In 2023, Canada exported $66.5M in Fermented Milk Products. The main destinations of Canada exports on Fermented Milk Products were United States ($65.5M), Netherlands ($286k), Singapore ($249k), Burma ($200k), and Saint Pierre and Miquelon ($103k).

In 2023, Canada imported $6.89M in Fermented Milk Products, mainly from United States ($6.05M), United Arab Emirates ($186k), Jordan ($180k), Colombia ($95.4k), and Kuwait ($88.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$16.5M (33.8%)
Netherlands$286k (1%)
Burma$100k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Canada WERE (2022 - 2023):
Saudi Arabia-$450k (-100%)
Philippines-$72.3k (-56.8%)
Kuwait-$36.6k (-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 Fermented Milk Products were:
Germany $1.11B
France $695M
Belgium $431M
In 2023, Canada's main importing competitors in Fermented Milk Products were:
Italy $585M
United Kingdom $542M
Netherlands $372M

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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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