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2022
Exports $1.56BWorld Rnk 10 / 218
Flag Rnk 59 / 1210
2022
Destination $78.7M United States
2021 - 2022
FASTEST GROWING MARKET $78.7MUnited States
2022
PRODUCT COMPLEXITY IN Other Edible Preparations0.054Rnk 531 / 1025
2022
Imports $2.04BWorld Rnk 5 / 226
Flag Rnk 52 / 1213
2022
Origin $146M United States
2021 - 2022
FASTEST GROWING ORIGIN $146MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.56B in Other Edible Preparations, making it the 10th largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 59th most exported product in Canada. The main destination of Other Edible Preparations exports from Canada are: United States ($1.17B), South Korea ($84.4M), China ($36.1M), Netherlands ($24M), and Philippines ($20.5M).

The fastest growing export markets for Other Edible Preparations of Canada between 2021 and 2022 were United States ($78.7M), Netherlands ($17.7M), and Poland ($5.47M).

Imports In 2022, Canada imported $2.04B 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 52nd most imported product in Canada. Canada imports Other Edible Preparations primarily from: United States ($1.62B), China ($62.1M), Sweden ($39.7M), Chinese Taipei ($31M), and Switzerland ($23.9M).

The fastest growing import markets in Other Edible Preparations for Canada between 2021 and 2022 were United States ($146M), Pakistan ($19.6M), and Ireland ($9.04M).

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

August 2024

About

Overview In August 2024 Canada's Other Edible Preparations exports accounted up to C$164M and imports accounted up to C$265M, resulting in a negative trade balance of C$102M. Between August 2023 and August 2024 the exports of Canada's   Other Edible Preparations have increased by C$9.48M (6.15%) from C$154M to C$164M, while imports increased by C$30.5M (13%) from C$235M to C$265M.

Destinations In August 2024, Other Edible Preparations were exported mostly to United States (C$126M), China (C$6.11M), South Korea (C$5.54M), Chinese Taipei (C$3.66M), and Australia (C$3.09M), and were imported mostly from United States (C$217M), China (C$8.08M), Germany (C$7.5M), Switzerland (C$2.92M), and India (C$2.61M).

Growth In August 2024, the increase in Other Edible Preparations's year-by-year exports was explained primarily by an increase in exports to United States (C$13.9M or 13.6%), South Korea (C$2.04M or 32%), and Japan (C$710k or 525%). In August 2024, the increase in Other Edible Preparations's year-by-year imports was explained primarily by an increase in imports from United States (C$41M or 29.1%), Ireland (C$1.32M or 3.45k%), and Italy (C$757k or 214%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$9.48M(6.15%)
IMPORT GROWTH (August 2023 - August 2024)C$30.5M(13%)
MAIN EXPORTER (August 2024)OntarioC$83.8M
MAIN DESTINATION (August 2024)United StatesC$126M

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 (2022)$1.56B
IMPORTS (2022)$2.04B
NET TRADE (2022)-$483M

In 2022, Canada exported $1.56B in Other Edible Preparations. The main destinations of Canada exports on Other Edible Preparations were United States ($1.17B), South Korea ($84.4M), China ($36.1M), Netherlands ($24M), and Philippines ($20.5M).

In 2022, Canada imported $2.04B in Other Edible Preparations, mainly from United States ($1.62B), China ($62.1M), Sweden ($39.7M), Chinese Taipei ($31M), and Switzerland ($23.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$78.7M (7.2%)
Netherlands$17.7M (285%)
Poland$5.47M (469%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Canada WERE (2021 - 2022):
South Korea-$12.9M (-13.2%)
Philippines-$8.16M (-28.5%)
Peru-$2.27M (-62.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Other Edible Preparations were:
United States $7.48B
Singapore $6.77B
Germany $4.94B
In 2022, Canada's main importing competitors in Other Edible Preparations were:
United States $8.4B
China $2.83B
Germany $2.64B

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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.

See methodology.

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