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2022
Exports $8.74MWorld Rnk 26 / 136
Flag Rnk 793 / 1210
2022
Destination $243k United States
2021 - 2022
FASTEST GROWING MARKET $243kUnited States
2022
PRODUCT COMPLEXITY IN Molasses-1.56Rnk 955 / 1025
2022
Imports $32.9MWorld Rnk 14 / 193
Flag Rnk 778 / 1213
2022
Origin $635k United States
2021 - 2022
FASTEST GROWING ORIGIN $635kPoland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $8.74M in Molasses, making it the 26th largest exporter of Molasses in the world. At the same year, Molasses was the 793rd most exported product in Canada. The main destination of Molasses exports from Canada are: United States ($7.91M), South Korea ($766k), Chinese Taipei ($32.2k), Iceland ($24.3k), and Canada ($1.21k).

The fastest growing export markets for Molasses of Canada between 2021 and 2022 were United States ($243k), South Korea ($160k), and Iceland ($3.56k).

Imports In 2022, Canada imported $32.9M in Molasses, becoming the 14th largest importer of Molasses in the world. At the same year, Molasses was the 778th most imported product in Canada. Canada imports Molasses primarily from: United States ($17.9M), Egypt ($5.97M), Poland ($4.58M), Guatemala ($2.7M), and India ($558k).

The fastest growing import markets in Molasses for Canada between 2021 and 2022 were Poland ($635k), United States ($309k), and Switzerland ($103k).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Molasses exports accounted up to C$268k and imports accounted up to C$1.42M, resulting in a negative trade balance of C$1.15M. Between September 2023 and September 2024 the exports of Canada's   Molasses have decreased by C$-55.1k (-17.1%) from C$323k to C$268k, while imports decreased by C$-1.14M (-44.6%) from C$2.56M to C$1.42M.

Destinations In September 2024, Molasses were exported mostly to United States (C$163k) and South Korea (C$105k), and were imported mostly from United States (C$1.28M), Paraguay (C$48.6k), Lebanon (C$31.3k), India (C$19.4k), and Sri Lanka (C$16.2k).

Growth In September 2024, the decrease in Molasses's year-by-year exports was explained primarily by a decrease in exports to United States (C$-305k or -57.6%) and South Korea (C$-58.9k or -38.7%). In September 2024, the decrease in Molasses's year-by-year imports was explained primarily by a decrease in imports from Guatemala (C$-5.89k or -78%), Paraguay (C$-3.99k or -4.6%), and China (C$-1.01k or -74.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-55.1k(-17.1%)
IMPORT GROWTH (September 2023 - September 2024)C$-1.14M(-44.6%)
MAIN EXPORTER (September 2024)British ColumbiaC$340k
MAIN DESTINATION (September 2024)United StatesC$163k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.74M
IMPORTS (2022)$32.9M
NET TRADE (2022)-$24.1M

In 2022, Canada exported $8.74M in Molasses. The main destinations of Canada exports on Molasses were United States ($7.91M), South Korea ($766k), Chinese Taipei ($32.2k), Iceland ($24.3k), and Canada ($1.21k).

In 2022, Canada imported $32.9M in Molasses, mainly from United States ($17.9M), Egypt ($5.97M), Poland ($4.58M), Guatemala ($2.7M), and India ($558k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$243k (3.17%)
South Korea$160k (26.3%)
Iceland$3.56k (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Canada WERE (2021 - 2022):
Canada-$8.06k (-87%)
Saint Pierre and Miquelon-$211 (-18.2%)
France-$73 (-10.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Molasses were:
India $348M
Indonesia $117M
Russia $80.8M
In 2022, Canada's main importing competitors in Molasses were:
United States $180M
United Kingdom $135M
Netherlands $112M

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.45M
TOP IMPORT POTENTIALIndia+ $898k

Molasses’s highest export potential is United States. With an export gap of $2.45M.   Molasses’s highest import potential is India with an import gap of $898k.

See methodology.

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