Malt Extract in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $837M in Malt Extract, making it the 9th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 111th most exported product in Canada. The main destination of Malt Extract exports from Canada are: United States ($713M), China ($56.4M), Philippines ($12.2M), Mexico ($10.9M), and Malaysia ($6.4M).

The fastest growing export markets for Malt Extract of Canada between 2021 and 2022 were United States ($83.3M), China ($9.58M), and Iraq ($2.61M).

Imports In 2022, Canada imported $736M in Malt Extract, becoming the 6th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 155th most imported product in Canada. Canada imports Malt Extract primarily from: United States ($661M), Chile ($8.53M), Italy ($5.9M), Ireland ($5.7M), and Singapore ($5.02M).

The fastest growing import markets in Malt Extract for Canada between 2021 and 2022 were United States ($101M), France ($2.33M), and Chile ($1.82M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Malt Extract exports accounted up to C$86.1M and imports accounted up to C$86.5M, resulting in a negative trade balance of C$416k. Between February 2023 and February 2024 the exports of Canada's Malt Extract have decreased by C$-5.18M (-5.68%) from C$91.3M to C$86.1M, while imports increased by C$7.54M (9.55%) from C$79M to C$86.5M.

Destinations In February 2024, Malt Extract were exported mostly to United States (C$80.6M), Mexico (C$1.18M), China (C$1.13M), United Arab Emirates (C$1.13M), and Philippines (C$523k), and were imported mostly from United States (C$76.1M), France (C$1.76M), Ireland (C$1.43M), China (C$711k), and Italy (C$700k).

Growth In February 2024, the decrease in Malt Extract's year-by-year exports was explained primarily by a decrease in exports to China (C$-2.79M or -64.4%), Chile (C$-863k or -81.2%), and Philippines (C$-737k or -57.1%). In February 2024, the increase in Malt Extract's year-by-year imports was explained primarily by an increase in imports from United States (C$12.3M or 22.1%), Ireland (C$699k or 73%), and Chile (C$685k or 590%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-5.18M(-5.68%)

IMPORT GROWTH (February 2023 - February 2024)C$7.54M(9.55%)

MAIN EXPORTER (February 2024)OntarioC$73.1M

MAIN DESTINATION (February 2024)United StatesC$80.6M

This section shows Malt Extract'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 Malt Extract over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$837M

IMPORTS (2022)$736M

NET TRADE (2022)$101M

In 2022, Canada exported $837M in Malt Extract. The main destinations of Canada exports on Malt Extract were United States ($713M), China ($56.4M), Philippines ($12.2M), Mexico ($10.9M), and Malaysia ($6.4M).

In 2022, Canada imported $736M in Malt Extract, mainly from United States ($661M), Chile ($8.53M), Italy ($5.9M), Ireland ($5.7M), and Singapore ($5.02M).

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