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2022
Exports $208kWorld Rnk 26 / 113
Flag Rnk 1124 / 1210
2022
Destination $184k United States
2021 - 2022
FASTEST GROWING MARKET $184kUnited States
2022
Imports $3.43MWorld Rnk 30 / 189
Flag Rnk 1068 / 1213
2022
Origin $734k Spain
2021 - 2022
FASTEST GROWING ORIGIN $734kSpain
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $208k in Olive Oil, making it the 26th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1124th most exported product in Canada. The main destination of Olive Oil exports from Canada are: United States ($204k), Hong Kong ($2.73k), France ($493), Netherlands ($192), and United Arab Emirates ($135).

The fastest growing export markets for Olive Oil of Canada between 2021 and 2022 were United States ($184k), Netherlands ($192), and United Arab Emirates ($135).

Imports In 2022, Canada imported $3.43M in Olive Oil, becoming the 30th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 1068th most imported product in Canada. Canada imports Olive Oil primarily from: Spain ($1.85M), Italy ($754k), Tunisia ($318k), United States ($242k), and Turkey ($130k).

The fastest growing import markets in Olive Oil for Canada between 2021 and 2022 were Spain ($734k), Italy ($297k), and Turkey ($57.9k).

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$1.56M, resulting in a negative trade balance of C$1.51M. 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 increased by C$1.26M (409%) from C$307k to C$1.56M.

Destinations In May 2024, Olive Oil were exported mostly to , and were imported mostly from Italy (C$1.27M), Spain (C$166k), Tunisia (C$115k), United States (C$5.26k), and Algeria (C$238).

Growth In May 2024, the increase in Olive Oil's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Olive Oil's year-by-year imports was explained primarily by an increase in imports from Spain (C$175k or 263%) and United States (C$4.87k or 883%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2020 - May 2024)C$4.69k(9.94%)
IMPORT GROWTH (June 2023 - June 2024)C$1.26M(409%)
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 (2022)$208k
IMPORTS (2022)$3.43M
NET TRADE (2022)-$3.23M

In 2022, Canada exported $208k in Olive Oil. The main destinations of Canada exports on Olive Oil were United States ($204k), Hong Kong ($2.73k), France ($493), Netherlands ($192), and United Arab Emirates ($135).

In 2022, Canada imported $3.43M in Olive Oil, mainly from Spain ($1.85M), Italy ($754k), Tunisia ($318k), United States ($242k), and Turkey ($130k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$184k (916%)
Netherlands$192 (1%)
United Arab Emirates$135 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Canada WERE (2021 - 2022):
Hong Kong-$8.45k (-75.6%)
South Korea-$2.14k (-97%)
Saudi Arabia-$1.99k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Canada's main importing competitors in Olive Oil were:
Spain $114M
Italy $84M
United States $51.3M

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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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