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2022
Exports $191MWorld Rnk 12 / 155
Flag Rnk 289 / 1210
2022
Destination $39.9M United States
2021 - 2022
FASTEST GROWING MARKET $39.9MUnited States
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $199MWorld Rnk 9 / 219
Flag Rnk 408 / 1213
2022
Origin $9.65M United States
2021 - 2022
FASTEST GROWING ORIGIN $9.65MIndonesia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $191M in Margarine, making it the 12th largest exporter of Margarine in the world. At the same year, Margarine was the 289th most exported product in Canada. The main destination of Margarine exports from Canada are: United States ($183M), South Korea ($2.89M), Austria ($928k), Jamaica ($643k), and China ($508k).

The fastest growing export markets for Margarine of Canada between 2021 and 2022 were United States ($39.9M), China ($488k), and Jamaica ($483k).

Imports In 2022, Canada imported $199M in Margarine, becoming the 9th largest importer of Margarine in the world. At the same year, Margarine was the 408th most imported product in Canada. Canada imports Margarine primarily from: United States ($139M), Indonesia ($19.5M), Malaysia ($16.5M), Norway ($5.4M), and Italy ($3.07M).

The fastest growing import markets in Margarine for Canada between 2021 and 2022 were Indonesia ($9.65M), Malaysia ($6.31M), and Norway ($4.81M).

COMPANIES In 2023, leading companies such as Costco Wholesale (1) were at the forefront of shipping Margarine from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Margarine exports accounted up to C$14.1M and imports accounted up to C$14.5M, resulting in a negative trade balance of C$467k. Between June 2023 and June 2024 the exports of Canada's   Margarine have decreased by C$-4.9M (-25.8%) from C$19M to C$14.1M, while imports decreased by C$-2.84M (-16.3%) from C$17.4M to C$14.5M.

Destinations In June 2024, Margarine were exported mostly to United States (C$13.4M), Jamaica (C$184k), Kuwait (C$173k), Ireland (C$79.1k), and Trinidad and Tobago (C$61k), and were imported mostly from United States (C$9.22M), Malaysia (C$2.21M), New Zealand (C$1.13M), Australia (C$546k), and Indonesia (C$325k).

Growth In June 2024, the decrease in Margarine's year-by-year exports was explained primarily by a decrease in exports to Denmark (C$-31.7k or -46.3%). In June 2024, the decrease in Margarine's year-by-year imports was explained primarily by a decrease in imports from Norway (C$-590k or -81.9%), Chile (C$-396k or -71.1%), and China (C$-382k or -79.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-4.9M(-25.8%)
IMPORT GROWTH (June 2023 - June 2024)C$-2.84M(-16.3%)
MAIN EXPORTER (June 2024)SaskatchewanC$7.8M
MAIN DESTINATION (June 2024)United StatesC$13.4M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$191M
IMPORTS (2022)$199M
NET TRADE (2022)-$7.81M

In 2022, Canada exported $191M in Margarine. The main destinations of Canada exports on Margarine were United States ($183M), South Korea ($2.89M), Austria ($928k), Jamaica ($643k), and China ($508k).

In 2022, Canada imported $199M in Margarine, mainly from United States ($139M), Indonesia ($19.5M), Malaysia ($16.5M), Norway ($5.4M), and Italy ($3.07M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$39.9M (27.9%)
China$488k (2.4k%)
Jamaica$483k (303%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Canada WERE (2021 - 2022):
Saudi Arabia-$1.44M (-100%)
Costa Rica-$310k (-97.6%)
Qatar-$264k (-78.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, Canada's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.69M
TOP IMPORT POTENTIALIndonesia+ $7.42M

Margarine’s highest export potential is China. With an export gap of $1.69M.   Margarine’s highest import potential is Indonesia with an import gap of $7.42M.

See methodology.

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