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2023
Exports $161MWorld Rnk 11 / 162
Flag Rnk 311 / 1212
2023
Destination $224k United States
2022 - 2023
FASTEST GROWING MARKET $224kCuba
2023
PRODUCT COMPLEXITY IN Margarine-0.85Rnk 793 / 1025
2023
Imports $170MWorld Rnk 10 / 221
Flag Rnk 427 / 1211
2023
Origin $4.42M United States
2022 - 2023
FASTEST GROWING ORIGIN $4.42MNew Zealand
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $161M in Margarine, making it the 11th largest exporter of Margarine in the world. At the same year, Margarine was the 311th most exported product in Canada. The main destination of Margarine exports from Canada are: United States ($156M), Jamaica ($532k), South Korea ($518k), Ireland ($438k), and United Kingdom ($366k).

The fastest growing export markets for Margarine of Canada between 2022 and 2023 were Cuba ($224k), Israel ($122k), and Japan ($120k).

Imports In 2023, Canada imported $170M in Margarine, becoming the 10th largest importer of Margarine in the world. At the same year, Margarine was the 427th most imported product in Canada. Canada imports Margarine primarily from: United States ($109M), Malaysia ($18.2M), Indonesia ($15.4M), Norway ($5.39M), and New Zealand ($4.94M).

The fastest growing import markets in Margarine for Canada between 2022 and 2023 were New Zealand ($4.42M), China ($1.07M), and France ($380k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Margarine exports accounted up to C$12.5M and imports accounted up to C$16.5M, resulting in a negative trade balance of C$4.03M. Between December 2023 and December 2024 the exports of Canada's   Margarine have decreased by C$-1.96M (-13.6%) from C$14.4M to C$12.5M, while imports increased by C$1M (6.46%) from C$15.5M to C$16.5M.

Destinations In December 2024, Margarine were exported mostly to United States (C$12.3M), Ireland (C$102k), Denmark (C$41.9k), Chile (C$14.4k), and Mexico (C$6.25k), and were imported mostly from United States (C$8.9M), Malaysia (C$3.45M), Indonesia (C$1.92M), Australia (C$544k), and China (C$532k).

Growth In December 2024, the decrease in Margarine's year-by-year exports was explained primarily by a decrease in exports to United States (C$-4.37M or -20.1%), Saint Pierre and Miquelon (C$-4.25k or -68.8%), and France (C$-559 or -21%). In December 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from New Zealand (C$947k or 684%), Netherlands (C$825k or 119%), and Germany (C$139k or 325%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-1.96M(-13.6%)
IMPORT GROWTH (December 2023 - December 2024)C$1M(6.46%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$12.3M

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 (2023)$161M
IMPORTS (2023)$170M
NET TRADE (2023)-$9.95M

In 2023, Canada exported $161M in Margarine. The main destinations of Canada exports on Margarine were United States ($156M), Jamaica ($532k), South Korea ($518k), Ireland ($438k), and United Kingdom ($366k).

In 2023, Canada imported $170M in Margarine, mainly from United States ($109M), Malaysia ($18.2M), Indonesia ($15.4M), Norway ($5.39M), and New Zealand ($4.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Cuba$224k (1.6M%)
Israel$122k (262%)
Japan$120k (52.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Canada WERE (2022 - 2023):
United States-$26M (-14.3%)
Austria-$1.01M (-100%)
China-$669k (-89.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Margarine were:
Indonesia $1.61B
Belgium $814M
Netherlands $682M
In 2023, Canada's main importing competitors in Margarine were:
China $1.08B
France $521M
Germany $411M

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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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