2018
Exports
$247MWorld Rnk 4 / 112
Flag Rnk 242 / 1210
2022
PRODUCT COMPLEXITY IN Forage Crops
-0.89Rnk 805 / 1025
2018
Imports
$20.4MWorld Rnk 21 / 171
Flag Rnk 864 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2018, Canada exported $247M in Forage Crops, making it the 4th largest exporter of Forage Crops in the world. At the same year, Forage Crops was the 242nd most exported product in Canada. The main destination of Forage Crops exports from Canada are: United States ($120M), Japan ($89M), South Korea ($24.2M), China ($5.35M), and Chinese Taipei ($2.82M).

The fastest growing export markets for Forage Crops of Canada between 2021 and 2022 were Japan ($15.9M), United States ($10.1M), and South Korea ($6.48M).

Imports In 2022, Canada imported $20.4M in Forage Crops, becoming the 21st largest importer of Forage Crops in the world. At the same year, Forage Crops was the 864th most imported product in Canada. Canada imports Forage Crops primarily from: United States ($19.7M), China ($206k), United Kingdom ($116k), Germany ($110k), and Netherlands ($69.5k).

The fastest growing import markets in Forage Crops for Canada between 2021 and 2022 were United States ($1.71M), United Kingdom ($115k), and Netherlands ($55.6k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-9.2M(-27%)
IMPORT GROWTH (June 2023 - June 2024)C$1.53M(62.1%)
MAIN EXPORTER (June 2024)AlbertaC$16.1M
MAIN DESTINATION (June 2024)United StatesC$12M

This section shows Forage Crops'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 Forage Crops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$247M
IMPORTS (2022)$20.4M
NET TRADE (2022)$227M

In 2022, Canada exported $247M in Forage Crops. The main destinations of Canada exports on Forage Crops were United States ($120M), Japan ($89M), South Korea ($24.2M), China ($5.35M), and Chinese Taipei ($2.82M).

In 2022, Canada imported $20.4M in Forage Crops, mainly from United States ($19.7M), China ($206k), United Kingdom ($116k), Germany ($110k), and Netherlands ($69.5k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forage Crops EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Japan$15.9M (21.8%)
United States$10.1M (9.21%)
South Korea$6.48M (36.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forage Crops BY Canada WERE (2021 - 2022):
China-$10.5M (-66.4%)
Hong Kong-$57.4k (-99.8%)
Qatar-$54k (-46.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Forage Crops were:
In 2022, Canada's main importing competitors in Forage Crops were:

Explore Visualizations

Trade Value of Forage Crops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.54M
TOP IMPORT POTENTIALUnited States+ $8.91M

Forage Crops’s highest export potential is China. With an export gap of $6.54M.   Forage Crops’s highest import potential is United States with an import gap of $8.91M.

See methodology.

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