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2022
Exports $2.65BWorld Rnk 17 / 226
Flag Rnk 34 / 96
2022
Destination $118M United States
2021 - 2022
FASTEST GROWING MARKET $118MUnited States
2022
PRODUCT COMPLEXITY IN Perfumery & cosmetics0.49Rnk 370 / 1025
2022
Imports $4.27BWorld Rnk 9 / 225
Flag Rnk 25 / 96
2022
Origin $286M United States
2021 - 2022
FASTEST GROWING ORIGIN $286MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.65B in Perfumery & cosmetics, making it the 17th largest exporter of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 34th most exported product in Canada. The main destination of Perfumery & cosmetics exports from Canada are: United States ($1.92B), United Kingdom ($118M), China ($53.9M), Belgium ($53.1M), and Canada ($49.9M).

The fastest growing export markets for Perfumery & cosmetics of Canada between 2021 and 2022 were United States ($118M), United Kingdom ($26M), and United Arab Emirates ($25.7M).

Imports In 2022, Canada imported $4.27B in Perfumery & cosmetics, becoming the 9th largest importer of Perfumery & cosmetics in the world. At the same year, Perfumery & cosmetics was the 25th most imported product in Canada. Canada imports Perfumery & cosmetics primarily from: United States ($3.15B), France ($292M), China ($102M), Mexico ($80.3M), and Italy ($75M).

The fastest growing import markets in Perfumery & cosmetics for Canada between 2021 and 2022 were United States ($286M), France ($33.9M), and Ireland ($29.4M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Perfumery & cosmetics exports accounted up to C$261M and imports accounted up to C$536M, resulting in a negative trade balance of C$275M. Between June 2023 and June 2024 the exports of Canada's   Perfumery & cosmetics have decreased by C$-20.8M (-7.38%) from C$282M to C$261M, while imports increased by C$27.8M (5.46%) from C$508M to C$536M.

Destinations In June 2024, Perfumery & cosmetics were exported mostly to United States (C$207M), United Kingdom (C$9.31M), Mexico (C$7.64M), China (C$6.87M), and Switzerland (C$3.69M), and were imported mostly from United States (C$316M), France (C$43.2M), Italy (C$26.8M), China (C$20.9M), and Mexico (C$19.3M).

Growth In June 2024, the decrease in Perfumery & cosmetics's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-9.87M or -78.6%), United Kingdom (C$-4.17M or -35.8%), and Belgium (C$-2.08M or -55.4%). In June 2024, the increase in Perfumery & cosmetics's year-by-year imports was explained primarily by an increase in imports from United States (C$72.6M or 30.4%), France (C$14.1M or 34.3%), and Italy (C$9.59M or 63.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-20.8M(-7.38%)
IMPORT GROWTH (June 2023 - June 2024)C$27.8M(5.46%)
MAIN EXPORTER (June 2024)OntarioC$197M
MAIN DESTINATION (June 2024)United StatesC$207M

This section shows Perfumery & cosmetics'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 Perfumery & cosmetics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.65B
IMPORTS (2022)$4.27B
NET TRADE (2022)-$1.61B

In 2022, Canada exported $2.65B in Perfumery & cosmetics. The main destinations of Canada exports on Perfumery & cosmetics were United States ($1.92B), United Kingdom ($118M), China ($53.9M), Belgium ($53.1M), and Canada ($49.9M).

In 2022, Canada imported $4.27B in Perfumery & cosmetics, mainly from United States ($3.15B), France ($292M), China ($102M), Mexico ($80.3M), and Italy ($75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumery & cosmetics EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$118M (6.56%)
United Kingdom$26M (28.4%)
United Arab Emirates$25.7M (423%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumery & cosmetics BY Canada WERE (2021 - 2022):
Hong Kong-$11.4M (-28.5%)
Germany-$8.4M (-27.1%)
Russia-$6.25M (-83.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Perfumery & cosmetics were:
France $23.4B
United States $14B
Germany $11.5B
In 2022, Canada's main importing competitors in Perfumery & cosmetics were:
United States $17.8B
China $14B
Germany $8.42B

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Trade Value of Perfumery & cosmetics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $427M
TOP IMPORT POTENTIALChina+ $70.1M

Perfumery & cosmetics’s highest export potential is United States. With an export gap of $427M.   Perfumery & cosmetics’s highest import potential is China with an import gap of $70.1M.

See methodology.

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