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2022
Exports $13.3MWorld Rnk 43 / 153
Flag Rnk 736 / 1210
2022
Destination $5.42M Denmark
2021 - 2022
FASTEST GROWING MARKET $5.42MDenmark
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $77MWorld Rnk 24 / 214
Flag Rnk 620 / 1213
2022
Origin $12M United States
2021 - 2022
FASTEST GROWING ORIGIN $12MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $13.3M in Other Vegetable Oils, making it the 43rd largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 736th most exported product in Canada. The main destination of Other Vegetable Oils exports from Canada are: Denmark ($5.42M), Australia ($1.61M), Spain ($1.53M), United States ($1.17M), and Canada ($949k).

The fastest growing export markets for Other Vegetable Oils of Canada between 2021 and 2022 were Denmark ($5.42M), Australia ($1.06M), and Spain ($987k).

Imports In 2022, Canada imported $77M in Other Vegetable Oils, becoming the 24th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 620th most imported product in Canada. Canada imports Other Vegetable Oils primarily from: United States ($46.3M), Philippines ($6.71M), Indonesia ($6.65M), Malaysia ($4.9M), and Sri Lanka ($3.12M).

The fastest growing import markets in Other Vegetable Oils for Canada between 2021 and 2022 were United States ($12M), Philippines ($5.86M), and Indonesia ($5.09M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Other Vegetable Oils exports accounted up to C$5.58M and imports accounted up to C$7.62M, resulting in a negative trade balance of C$2.04M. Between June 2023 and June 2024 the exports of Canada's   Other Vegetable Oils have increased by C$3.62M (185%) from C$1.96M to C$5.58M, while imports increased by C$5.38k (0.071%) from C$7.62M to C$7.62M.

Destinations In June 2024, Other Vegetable Oils were exported mostly to South Korea (C$2.66M), Australia (C$1.22M), Norway (C$1.03M), and United States (C$675k), and were imported mostly from United States (C$3.22M), Malaysia (C$1.95M), Indonesia (C$752k), China (C$675k), and Philippines (C$612k).

Growth In June 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from Malaysia (C$612k or 72.4%), Indonesia (C$569k or 154%), and United States (C$371k or 14.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$3.62M(185%)
IMPORT GROWTH (June 2023 - June 2024)C$5.38k(0.071%)
MAIN EXPORTER (June 2024)Nova ScotiaC$3.89M
MAIN DESTINATION (June 2024)South KoreaC$2.66M

This section shows Other Vegetable Oils'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 Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.3M
IMPORTS (2022)$77M
NET TRADE (2022)-$63.7M

In 2022, Canada exported $13.3M in Other Vegetable Oils. The main destinations of Canada exports on Other Vegetable Oils were Denmark ($5.42M), Australia ($1.61M), Spain ($1.53M), United States ($1.17M), and Canada ($949k).

In 2022, Canada imported $77M in Other Vegetable Oils, mainly from United States ($46.3M), Philippines ($6.71M), Indonesia ($6.65M), Malaysia ($4.9M), and Sri Lanka ($3.12M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Denmark$5.42M (8.89M%)
Australia$1.06M (192%)
Spain$987k (183%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Canada WERE (2021 - 2022):
United States-$760k (-39.4%)
Russia-$755k (-100%)
Netherlands-$103k (-99.7%)
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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 Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, Canada's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.09M
TOP IMPORT POTENTIALIndonesia+ $4.03M

Other Vegetable Oils’s highest export potential is United States. With an export gap of $3.09M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $4.03M.

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