2023
Exports
$35.7MWorld Rnk 17 / 171
Flag Rnk 533 / 1212
2023
PRODUCT COMPLEXITY IN Honey
-1.23Rnk 883 / 1025
2023
Imports
$40MWorld Rnk 14 / 213
Flag Rnk 730 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $35.7M in Honey, making it the 17th largest exporter of Honey in the world. At the same year, Honey was the 533rd most exported product in Canada. The main destination of Honey exports from Canada are: United States ($17.5M), Japan ($16.2M), South Korea ($1.16M), China ($318k), and India ($148k).

The fastest growing export markets for Honey of Canada between 2022 and 2023 were South Korea ($175k), Lebanon ($53.8k), and India ($34.6k).

Imports In 2023, Canada imported $40M in Honey, becoming the 14th largest importer of Honey in the world. At the same year, Honey was the 730th most imported product in Canada. Canada imports Honey primarily from: New Zealand ($14.2M), Brazil ($7.16M), United States ($4.11M), Australia ($2.65M), and Thailand ($1.83M).

The fastest growing import markets in Honey for Canada between 2022 and 2023 were Mexico ($274k), Uruguay ($111k), and Greece ($107k).

COMPANIES In 2024, leading companies such as Costco Wholesale (2) were at the forefront of shipping Honey from Canada to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$1.93M(57.7%)
IMPORT GROWTH (December 2023 - December 2024)C$1.23M(28.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$3.25M

This section shows Honey'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 Honey over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$35.7M
IMPORTS (2023)$40M
NET TRADE (2023)-$4.28M

In 2023, Canada exported $35.7M in Honey. The main destinations of Canada exports on Honey were United States ($17.5M), Japan ($16.2M), South Korea ($1.16M), China ($318k), and India ($148k).

In 2023, Canada imported $40M in Honey, mainly from New Zealand ($14.2M), Brazil ($7.16M), United States ($4.11M), Australia ($2.65M), and Thailand ($1.83M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Honey EXPORT MARKETS FOR Canada WERE (2022 - 2023):
South Korea$175k (17.7%)
Lebanon$53.8k (304%)
India$34.6k (30.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY Canada WERE (2022 - 2023):
United States-$12.1M (-40.9%)
Japan-$7.32M (-31.1%)
China-$641k (-66.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Honey by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.6M
TOP IMPORT POTENTIALIndia+ $2.15M

Honey’s highest export potential is United States. With an export gap of $14.6M.   Honey’s highest import potential is India with an import gap of $2.15M.

See methodology.

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