2022
Exports
$8.74MWorld Rnk 26 / 136
Flag Rnk 793 / 1210
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$32.9MWorld Rnk 14 / 193
Flag Rnk 778 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 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

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$16k(6.16%)
IMPORT GROWTH (August 2023 - August 2024)C$-489k(-26.4%)
MAIN EXPORTER (August 2024)British ColumbiaC$340k
MAIN DESTINATION (August 2024)United StatesC$223k

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).

Explore Visualizations

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%)
France-$73 (-10.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Molasses were:
In 2022, Canada's main importing competitors in Molasses were:

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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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