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Pricing

2022
Exports $5.08MWorld Rnk 11 / 85
Flag Rnk 861 / 1210
2022
Destination $3.71M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $3.71MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hops0.45Rnk 387 / 1025
2022
Imports $50.2MWorld Rnk 7 / 160
Flag Rnk 697 / 1213
2022
Origin $918k United States
2021 - 2022
FASTEST GROWING ORIGIN $918kAustralia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $5.08M in Hops, making it the 11th largest exporter of Hops in the world. At the same year, Hops was the 861st most exported product in Canada. The main destination of Hops exports from Canada are: United Kingdom ($3.71M), United States ($934k), Netherlands ($159k), Czechia ($138k), and Canada ($89.5k).

The fastest growing export markets for Hops of Canada between 2021 and 2022 were United Kingdom ($3.71M), Netherlands ($159k), and Canada ($88.8k).

Imports In 2022, Canada imported $50.2M in Hops, becoming the 7th largest importer of Hops in the world. At the same year, Hops was the 697th most imported product in Canada. Canada imports Hops primarily from: United States ($40.4M), Australia ($3.64M), Germany ($3.47M), New Zealand ($1.12M), and United Kingdom ($868k).

The fastest growing import markets in Hops for Canada between 2021 and 2022 were Australia ($918k), New Zealand ($683k), and Canada ($88.8k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Hops exports accounted up to C$13k and imports accounted up to C$3.14M, resulting in a negative trade balance of C$3.12M. Between May 2023 and June 2024 the exports of Canada's   Hops have decreased by C$-252k (-95.1%) from C$265k to C$13k, while imports decreased by C$-3.35M (-51.7%) from C$6.49M to C$3.14M.

Destinations In June 2024, Hops were exported mostly to United States (C$13k), and were imported mostly from United States (C$2.1M), Germany (C$658k), New Zealand (C$256k), United Kingdom (C$89k), and Czechia (C$28.4k).

Growth In June 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Hops's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-508k or -56.2%), Australia (C$-463k or -99.9%), and United States (C$-220k or -5.14%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)C$-252k(-95.1%)
IMPORT GROWTH (June 2023 - June 2024)C$-3.35M(-51.7%)
MAIN EXPORTER (June 2024)OntarioC$32.8k
MAIN DESTINATION (June 2024)United StatesC$13k

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.08M
IMPORTS (2022)$50.2M
NET TRADE (2022)-$45.2M

In 2022, Canada exported $5.08M in Hops. The main destinations of Canada exports on Hops were United Kingdom ($3.71M), United States ($934k), Netherlands ($159k), Czechia ($138k), and Canada ($89.5k).

In 2022, Canada imported $50.2M in Hops, mainly from United States ($40.4M), Australia ($3.64M), Germany ($3.47M), New Zealand ($1.12M), and United Kingdom ($868k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United Kingdom$3.71M (1%)
Netherlands$159k (139k%)
Canada$88.8k (11.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY Canada WERE (2021 - 2022):
India-$42.2k (-83.6%)
Dominican Republic-$37.1k (-100%)
United States-$30.2k (-3.13%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Hops were:
United States $298M
Germany $284M
Czechia $63.1M
In 2022, Canada's main importing competitors in Hops were:
Germany $81.7M
United Kingdom $78.3M
United States $67.1M

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $789k
TOP IMPORT POTENTIALGermany+ $898k

Hops’s highest export potential is United States. With an export gap of $789k.   Hops’s highest import potential is Germany with an import gap of $898k.

See methodology.

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