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2022
Exports $22.3MWorld Rnk 25 / 118
Flag Rnk 651 / 1210
2022
Destination $1.27M United States
2021 - 2022
FASTEST GROWING MARKET $1.27MUnited States
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $148MWorld Rnk 7 / 171
Flag Rnk 485 / 1213
2022
Origin $4.97M Peru
2021 - 2022
FASTEST GROWING ORIGIN $4.97MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $22.3M in Fish oil, making it the 25th largest exporter of Fish oil in the world. At the same year, Fish oil was the 651st most exported product in Canada. The main destination of Fish oil exports from Canada are: United States ($12M), Switzerland ($2.01M), Netherlands ($1.89M), Norway ($1.25M), and China ($874k).

The fastest growing export markets for Fish oil of Canada between 2021 and 2022 were United States ($1.27M), Switzerland ($647k), and Australia ($464k).

Imports In 2022, Canada imported $148M in Fish oil, becoming the 7th largest importer of Fish oil in the world. At the same year, Fish oil was the 485th most imported product in Canada. Canada imports Fish oil primarily from: Peru ($80.1M), United States ($44.8M), China ($9.95M), Mexico ($3.58M), and Japan ($2.55M).

The fastest growing import markets in Fish oil for Canada between 2021 and 2022 were United States ($4.97M), Peru ($4.49M), and China ($3.44M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Fish oil exports accounted up to C$4.22M and imports accounted up to C$28.6M, resulting in a negative trade balance of C$24.4M. Between June 2023 and June 2024 the exports of Canada's   Fish oil have increased by C$1.41M (49.9%) from C$2.82M to C$4.22M, while imports increased by C$12.1M (72.9%) from C$16.6M to C$28.6M.

Destinations In June 2024, Fish oil were exported mostly to United States (C$2.96M), Netherlands (C$1.07M), Norway (C$88.7k), Bangladesh (C$52.5k), and Japan (C$38.3k), and were imported mostly from Peru (C$11.2M), United States (C$6.21M), China (C$4.2M), Mexico (C$3.22M), and Australia (C$1.11M).

Growth In June 2024, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to United States (C$572k or 63.3%), China (C$479k or 526%), and Netherlands (C$304k or 68.2%). In June 2024, the increase in Fish oil's year-by-year imports was explained primarily by an increase in imports from Peru (C$2.22M or 781k%), Norway (C$476k or 284%), and Japan (C$201 or 874%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.41M(49.9%)
IMPORT GROWTH (June 2023 - June 2024)C$12.1M(72.9%)
MAIN EXPORTER (June 2024)Nova ScotiaC$3.18M
MAIN DESTINATION (June 2024)United StatesC$2.96M

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 (2022)$22.3M
IMPORTS (2022)$148M
NET TRADE (2022)-$125M

In 2022, Canada exported $22.3M in Fish oil. The main destinations of Canada exports on Fish oil were United States ($12M), Switzerland ($2.01M), Netherlands ($1.89M), Norway ($1.25M), and China ($874k).

In 2022, Canada imported $148M in Fish oil, mainly from Peru ($80.1M), United States ($44.8M), China ($9.95M), Mexico ($3.58M), and Japan ($2.55M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$1.27M (11.9%)
Switzerland$647k (47.6%)
Australia$464k (637%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Canada WERE (2021 - 2022):
Netherlands-$5.47M (-74.3%)
Norway-$1.9M (-60.4%)
Spain-$1.23M (-86.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, Canada's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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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