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2022
Exports $1.63MWorld Rnk 73 / 149
Flag Rnk 989 / 1210
2022
Destination $25.7k United States
2021 - 2022
FASTEST GROWING MARKET $25.7kRwanda
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $206MWorld Rnk 47 / 208
Flag Rnk 400 / 1213
2022
Origin $33.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $33.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.63M in Palm Oil, making it the 73rd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 989th most exported product in Canada. The main destination of Palm Oil exports from Canada are: United States ($1.56M), Rwanda ($25.7k), Japan ($18.5k), Bahrain ($13.8k), and Canada ($6.3k).

The fastest growing export markets for Palm Oil of Canada between 2021 and 2022 were Rwanda ($25.7k), Japan ($18.5k), and Bahrain ($13.8k).

Imports In 2022, Canada imported $206M in Palm Oil, becoming the 47th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 400th most imported product in Canada. Canada imports Palm Oil primarily from: United States ($94.5M), Malaysia ($72.3M), Indonesia ($27.8M), Colombia ($8.18M), and Ecuador ($1.08M).

The fastest growing import markets in Palm Oil for Canada between 2021 and 2022 were United States ($33.5M), Malaysia ($25.7M), and Indonesia ($8.89M).

COMPANIES In 2023, leading companies such as Chevron (5) were at the forefront of shipping Palm Oil from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Palm Oil exports accounted up to C$15k and imports accounted up to C$16.9M, resulting in a negative trade balance of C$16.9M. Between May 2022 and June 2024 the exports of Canada's   Palm Oil have decreased by C$-41.8k (-73.6%) from C$56.8k to C$15k, while imports decreased by C$-258k (-1.5%) from C$17.2M to C$16.9M.

Destinations In June 2024, Palm Oil were exported mostly to Nigeria (C$15k), and were imported mostly from Malaysia (C$10.6M), Indonesia (C$4.32M), Colombia (C$1.05M), United States (C$659k), and Spain (C$79.9k).

Growth In June 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (C$-3.64M or -52.7%), United States (C$-91.9k or -13.6%), and Brazil (C$-55.3k or -98.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - June 2024)C$-41.8k(-73.6%)
IMPORT GROWTH (June 2023 - June 2024)C$-258k(-1.5%)
MAIN EXPORTER (June 2024)QuebecC$33.6k
MAIN DESTINATION (June 2024)NigeriaC$15k

This section shows Palm 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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.63M
IMPORTS (2022)$206M
NET TRADE (2022)-$205M

In 2022, Canada exported $1.63M in Palm Oil. The main destinations of Canada exports on Palm Oil were United States ($1.56M), Rwanda ($25.7k), Japan ($18.5k), Bahrain ($13.8k), and Canada ($6.3k).

In 2022, Canada imported $206M in Palm Oil, mainly from United States ($94.5M), Malaysia ($72.3M), Indonesia ($27.8M), Colombia ($8.18M), and Ecuador ($1.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Rwanda$25.7k (1%)
Japan$18.5k (1%)
Bahrain$13.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Canada WERE (2021 - 2022):
United States-$773k (-33.2%)
Angola-$301k (-100%)
Saudi Arabia-$200k (-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 Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Canada's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.24M
TOP IMPORT POTENTIALIndonesia+ $21.2M

Palm Oil’s highest export potential is United States. With an export gap of $2.24M.   Palm Oil’s highest import potential is Indonesia with an import gap of $21.2M.

See methodology.

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