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2023
Exports $1.52BWorld Rnk 11 / 217
Flag Rnk 61 / 1212
2023
Destination $5.99M United States
2022 - 2023
FASTEST GROWING MARKET $5.99MChina
2023
PRODUCT COMPLEXITY IN Other Edible Preparations0.053Rnk 538 / 1025
2023
Imports $2.14BWorld Rnk 5 / 226
Flag Rnk 45 / 1211
2023
Origin $130M United States
2022 - 2023
FASTEST GROWING ORIGIN $130MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $1.52B in Other Edible Preparations, making it the 11th largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 61st most exported product in Canada. The main destination of Other Edible Preparations exports from Canada are: United States ($1.12B), China ($67.8M), South Korea ($65.9M), Philippines ($18.9M), and Hong Kong ($18.3M).

The fastest growing export markets for Other Edible Preparations of Canada between 2022 and 2023 were China ($5.99M), Bahrain ($5.65M), and Hong Kong ($1.94M).

Imports In 2023, Canada imported $2.14B in Other Edible Preparations, becoming the 5th largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 45th most imported product in Canada. Canada imports Other Edible Preparations primarily from: United States ($1.76B), China ($48.2M), Sweden ($35.1M), Switzerland ($34.7M), and Germany ($31.8M).

The fastest growing import markets in Other Edible Preparations for Canada between 2022 and 2023 were United States ($130M), Germany ($9.27M), and Switzerland ($5.07M).

COMPANIES In 2023, leading companies such as Costco Wholesale (2) were at the forefront of shipping Other Edible Preparations from Canada to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Canada's Other Edible Preparations exports accounted up to C$154M and imports accounted up to C$188M, resulting in a negative trade balance of C$34.5M. Between November 2023 and November 2024 the exports of Canada's   Other Edible Preparations have decreased by C$-20.4M (-11.7%) from C$174M to C$154M, while imports decreased by C$-44.9M (-19.3%) from C$233M to C$188M.

Destinations In November 2024, Other Edible Preparations were exported mostly to United States (C$118M), South Korea (C$5.21M), China (C$4.98M), Hong Kong (C$3.21M), and Chinese Taipei (C$1.92M), and were imported mostly from United States (C$159M), China (C$4.85M), Switzerland (C$3.86M), Chinese Taipei (C$2.07M), and Germany (C$2M).

Growth In November 2024, the decrease in Other Edible Preparations's year-by-year exports was explained primarily by a decrease in exports to Belgium (C$-6.39M or -96.7%), Netherlands (C$-4.95M or -92.7%), and United Arab Emirates (C$-1.08M or -44.7%). In November 2024, the decrease in Other Edible Preparations's year-by-year imports was explained primarily by a decrease in imports from Switzerland (C$-1.76M or -48.2%), China (C$-765k or -18.3%), and Sweden (C$-710k or -48.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-20.4M(-11.7%)
IMPORT GROWTH (November 2023 - November 2024)C$-44.9M(-19.3%)
MAIN EXPORTER (November 2024)OntarioC$83.8M
MAIN DESTINATION (November 2024)United StatesC$118M

This section shows Other Edible Preparations'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 Other Edible Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.52B
IMPORTS (2023)$2.14B
NET TRADE (2023)-$618M

In 2023, Canada exported $1.52B in Other Edible Preparations. The main destinations of Canada exports on Other Edible Preparations were United States ($1.12B), China ($67.8M), South Korea ($65.9M), Philippines ($18.9M), and Hong Kong ($18.3M).

In 2023, Canada imported $2.14B in Other Edible Preparations, mainly from United States ($1.76B), China ($48.2M), Sweden ($35.1M), Switzerland ($34.7M), and Germany ($31.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Canada WERE (2022 - 2023):
China$5.99M (9.7%)
Bahrain$5.65M (177%)
Hong Kong$1.94M (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Canada WERE (2022 - 2023):
United States-$25.9M (-2.26%)
South Korea-$16.6M (-20.1%)
United Arab Emirates-$5.98M (-29.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Other Edible Preparations were:
United States $7.53B
Singapore $5.65B
Germany $5.51B
In 2023, Canada's main importing competitors in Other Edible Preparations were:
United States $7.23B
China $4.27B
Germany $2.97B

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $252M
TOP IMPORT POTENTIALChina+ $36.2M

Other Edible Preparations’s highest export potential is United States. With an export gap of $252M.   Other Edible Preparations’s highest import potential is China with an import gap of $36.2M.

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