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2023
Exports $10.9MWorld Rnk 27 / 139
Flag Rnk 729 / 1212
2023
Destination $6.95M United States
2022 - 2023
FASTEST GROWING MARKET $6.95MUnited States
2023
PRODUCT COMPLEXITY IN Molasses-1.73Rnk 974 / 1025
2023
Imports $39.9MWorld Rnk 12 / 187
Flag Rnk 731 / 1211
2023
Origin $5.27M United States
2022 - 2023
FASTEST GROWING ORIGIN $5.27MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $10.9M in Molasses, making it the 27th largest exporter of Molasses in the world. At the same year, Molasses was the 729th most exported product in Canada. The main destination of Molasses exports from Canada are: United States ($10M), South Korea ($791k), Chinese Taipei ($26.4k), Kuwait ($21.2k), and Iceland ($16.4k).

The fastest growing export markets for Molasses of Canada between 2022 and 2023 were United States ($6.95M), South Korea ($96.5k), and Kuwait ($21.2k).

Imports In 2023, Canada imported $39.9M in Molasses, becoming the 12th largest importer of Molasses in the world. At the same year, Molasses was the 731st most imported product in Canada. Canada imports Molasses primarily from: United States ($22.5M), Egypt ($8.02M), Poland ($3.78M), Guatemala ($3.55M), and India ($647k).

The fastest growing import markets in Molasses for Canada between 2022 and 2023 were United States ($5.27M), Guatemala ($1.19M), and China ($264k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Molasses exports accounted up to C$240k and imports accounted up to C$5.96M, resulting in a negative trade balance of C$5.72M. Between November 2023 and November 2024 the exports of Canada's   Molasses have increased by C$24.8k (11.5%) from C$215k to C$240k, while imports decreased by C$-5.36M (-47.4%) from C$11.3M to C$5.96M.

Destinations In November 2024, Molasses were exported mostly to United States (C$188k), South Korea (C$51.9k), and Saint Pierre and Miquelon (C$280), and were imported mostly from Poland (C$4.79M), United States (C$1.01M), Paraguay (C$43k), Jordan (C$26.1k), and Lebanon (C$23.7k).

Growth In November 2024, the increase in Molasses's year-by-year exports was explained primarily by an increase in exports to Saint Pierre and Miquelon (C$101 or 52.3%). In November 2024, the decrease in Molasses's year-by-year imports was explained primarily by a decrease in imports from Guatemala (C$-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 (November 2023 - November 2024)C$24.8k(11.5%)
IMPORT GROWTH (November 2023 - November 2024)C$-5.36M(-47.4%)
MAIN EXPORTER (November 2024)British ColumbiaC$340k
MAIN DESTINATION (November 2024)United StatesC$188k

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 (2023)$10.9M
IMPORTS (2023)$39.9M
NET TRADE (2023)-$29M

In 2023, Canada exported $10.9M in Molasses. The main destinations of Canada exports on Molasses were United States ($10M), South Korea ($791k), Chinese Taipei ($26.4k), Kuwait ($21.2k), and Iceland ($16.4k).

In 2023, Canada imported $39.9M in Molasses, mainly from United States ($22.5M), Egypt ($8.02M), Poland ($3.78M), Guatemala ($3.55M), and India ($647k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$6.95M (226%)
South Korea$96.5k (13.9%)
Kuwait$21.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Canada WERE (2022 - 2023):
Iceland-$10.7k (-39.5%)
Thailand-$466 (-100%)
Spain-$328 (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Molasses were:
India $295M
Indonesia $168M
Poland $85.5M
In 2023, Canada's main importing competitors in Molasses were:
United States $263M
Philippines $161M
United Kingdom $161M

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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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