2023
Exports
$36.4MWorld Rnk 22 / 119
Flag Rnk 530 / 1212
2023
PRODUCT COMPLEXITY IN Fish oil
-1.52Rnk 946 / 1025
2023
Imports
$180MWorld Rnk 7 / 175
Flag Rnk 411 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $36.4M in Fish oil, making it the 22nd largest exporter of Fish oil in the world. At the same year, Fish oil was the 530th most exported product in Canada. The main destination of Fish oil exports from Canada are: United States ($16.2M), Netherlands ($6.29M), China ($6.16M), Norway ($1.58M), and Switzerland ($1.56M).

The fastest growing export markets for Fish oil of Canada between 2022 and 2023 were United States ($5.11M), China ($3.09M), and Netherlands ($1.95M).

Imports In 2023, Canada imported $180M in Fish oil, becoming the 7th largest importer of Fish oil in the world. At the same year, Fish oil was the 411th most imported product in Canada. Canada imports Fish oil primarily from: United States ($64.5M), Peru ($46.5M), Mexico ($26M), China ($16.8M), and Chile ($5.66M).

The fastest growing import markets in Fish oil for Canada between 2022 and 2023 were United States ($23.5M), Mexico ($13M), and China ($10.9M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$14.6M(633%)
IMPORT GROWTH (November 2023 - November 2024)C$-3.87M(-21.7%)
MAIN EXPORTER (November 2024)Nova ScotiaC$15.6M
MAIN DESTINATION (November 2024)NetherlandsC$14.6M

This section shows Fish 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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$36.4M
IMPORTS (2023)$180M
NET TRADE (2023)-$143M

In 2023, Canada exported $36.4M in Fish oil. The main destinations of Canada exports on Fish oil were United States ($16.2M), Netherlands ($6.29M), China ($6.16M), Norway ($1.58M), and Switzerland ($1.56M).

In 2023, Canada imported $180M in Fish oil, mainly from United States ($64.5M), Peru ($46.5M), Mexico ($26M), China ($16.8M), and Chile ($5.66M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$5.11M (46%)
China$3.09M (100%)
Netherlands$1.95M (44.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Canada WERE (2022 - 2023):
Japan-$831k (-87.8%)
Switzerland-$637k (-28.9%)
Turkey-$168k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Fish oil were:
In 2023, Canada's main importing competitors in Fish oil were:

Explore Visualizations

Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.78M
TOP IMPORT POTENTIALUnited States+ $3.61M

Fish oil’s highest export potential is United States. With an export gap of $4.78M.   Fish oil’s highest import potential is United States with an import gap of $3.61M.

See methodology.

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