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2023
Exports $381kWorld Rnk 22 / 104
Flag Rnk 1082 / 1212
2023
Destination $111k United States
2022 - 2023
FASTEST GROWING MARKET $111kSaudi Arabia
2023
Imports $5.09MWorld Rnk 21 / 185
Flag Rnk 1016 / 1211
2023
Origin $2.23M Spain
2022 - 2023
FASTEST GROWING ORIGIN $2.23MSpain
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $381k in Olive Oil, making it the 22nd largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1082nd most exported product in Canada. The main destination of Olive Oil exports from Canada are: United States ($255k), Saudi Arabia ($111k), Bahrain ($8.8k), Netherlands ($3.69k), and Ghana ($1.09k).

The fastest growing export markets for Olive Oil of Canada between 2022 and 2023 were Saudi Arabia ($111k), United States ($51.1k), and Bahrain ($8.8k).

Imports In 2023, Canada imported $5.09M in Olive Oil, becoming the 21st largest importer of Olive Oil in the world. At the same year, Olive Oil was the 1016th most imported product in Canada. Canada imports Olive Oil primarily from: Spain ($3.52M), Italy ($896k), Turkey ($266k), Tunisia ($169k), and Greece ($88.5k).

The fastest growing import markets in Olive Oil for Canada between 2022 and 2023 were Spain ($2.23M), Turkey ($193k), and Italy ($142k).

Latest Trends

May 2024

About

Overview In May 2024 Canada's Olive Oil exports accounted up to C$51.9k and imports accounted up to C$314k, resulting in a negative trade balance of C$262k. Between August 2020 and May 2024 the exports of Canada's   Olive Oil have increased by C$4.69k (9.94%) from C$47.2k to C$51.9k, while imports decreased by C$-446k (-58.7%) from C$761k to C$314k.

Destinations In May 2024, Olive Oil were exported mostly to , and were imported mostly from United States (C$214k), Italy (C$87.9k), China (C$8.56k), Pakistan (C$1.11k), and Algeria (C$900).

Growth In May 2024, the increase in Olive Oil's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Olive Oil's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-13.2k or -30.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - May 2024)C$4.69k(9.94%)
IMPORT GROWTH (November 2023 - November 2024)C$-446k(-58.7%)
MAIN EXPORTER (May 2024)OntarioC$51.9k
MAIN DESTINATION (May 2024)

This section shows Olive Oil'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 Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$381k
IMPORTS (2023)$5.09M
NET TRADE (2023)-$4.71M

In 2023, Canada exported $381k in Olive Oil. The main destinations of Canada exports on Olive Oil were United States ($255k), Saudi Arabia ($111k), Bahrain ($8.8k), Netherlands ($3.69k), and Ghana ($1.09k).

In 2023, Canada imported $5.09M in Olive Oil, mainly from Spain ($3.52M), Italy ($896k), Turkey ($266k), Tunisia ($169k), and Greece ($88.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Saudi Arabia$111k (1%)
United States$51.1k (25%)
Bahrain$8.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Canada WERE (2022 - 2023):
Hong Kong-$2.48k (-90.9%)
South Korea-$71 (-100%)
Belgium-$53 (-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 Olive Oil were:
Spain $320M
Greece $120M
Italy $114M
In 2023, Canada's main importing competitors in Olive Oil were:
Spain $187M
Italy $96.9M
United States $55.4M

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $141k
TOP IMPORT POTENTIALItaly+ $110k

Olive Oil’s highest export potential is United States. With an export gap of $141k.   Olive Oil’s highest import potential is Italy with an import gap of $110k.

See methodology.

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