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2022
Exports $416MWorld Rnk 6 / 181
Flag Rnk 195 / 1210
2022
Destination $43M United States
2021 - 2022
FASTEST GROWING MARKET $43MUnited States
2022
PRODUCT COMPLEXITY IN Prepared Cereals-0.43Rnk 681 / 1025
2022
Imports $606MWorld Rnk 2 / 223
Flag Rnk 184 / 1213
2022
Origin $100M United States
2021 - 2022
FASTEST GROWING ORIGIN $100MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $416M in Prepared Cereals, making it the 6th largest exporter of Prepared Cereals in the world. At the same year, Prepared Cereals was the 195th most exported product in Canada. The main destination of Prepared Cereals exports from Canada are: United States ($407M), Netherlands ($1.26M), China ($879k), Mexico ($708k), and United Kingdom ($680k).

The fastest growing export markets for Prepared Cereals of Canada between 2021 and 2022 were United States ($43M), Mexico ($515k), and Brazil ($283k).

Imports In 2022, Canada imported $606M in Prepared Cereals, becoming the 2nd largest importer of Prepared Cereals in the world. At the same year, Prepared Cereals was the 184th most imported product in Canada. Canada imports Prepared Cereals primarily from: United States ($538M), Mexico ($15.2M), United Kingdom ($13.8M), China ($7.11M), and Spain ($4.54M).

The fastest growing import markets in Prepared Cereals for Canada between 2021 and 2022 were United States ($100M), Mexico ($8.67M), and United Kingdom ($3.12M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Prepared Cereals exports accounted up to C$50.6M and imports accounted up to C$70.7M, resulting in a negative trade balance of C$20.1M. Between July 2023 and July 2024 the exports of Canada's   Prepared Cereals have increased by C$6.75M (15.4%) from C$43.9M to C$50.6M, while imports increased by C$2.81M (4.14%) from C$67.9M to C$70.7M.

Destinations In July 2024, Prepared Cereals were exported mostly to United States (C$49.8M), Netherlands (C$356k), Hong Kong (C$224k), United Kingdom (C$98.6k), and Philippines (C$54.7k), and were imported mostly from United States (C$62.8M), United Kingdom (C$1.4M), South Korea (C$1.09M), India (C$1.04M), and Mexico (C$934k).

Growth In July 2024, the increase in Prepared Cereals's year-by-year exports was explained primarily by an increase in exports to United States (C$1.29M or 2.96%), United Kingdom (C$55.8k or 440%), and China (C$30.6k or 150%). In July 2024, the increase in Prepared Cereals's year-by-year imports was explained primarily by an increase in imports from United States (C$10.6M or 23.3%), Mexico (C$3.6M or 317%), and United Kingdom (C$454k or 47.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$6.75M(15.4%)
IMPORT GROWTH (July 2023 - July 2024)C$2.81M(4.14%)
MAIN EXPORTER (July 2024)OntarioC$43.7M
MAIN DESTINATION (July 2024)United StatesC$49.8M

This section shows Prepared Cereals'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 Prepared Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$416M
IMPORTS (2022)$606M
NET TRADE (2022)-$190M

In 2022, Canada exported $416M in Prepared Cereals. The main destinations of Canada exports on Prepared Cereals were United States ($407M), Netherlands ($1.26M), China ($879k), Mexico ($708k), and United Kingdom ($680k).

In 2022, Canada imported $606M in Prepared Cereals, mainly from United States ($538M), Mexico ($15.2M), United Kingdom ($13.8M), China ($7.11M), and Spain ($4.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Cereals EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$43M (11.8%)
Mexico$515k (266%)
Brazil$283k (2.94k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Cereals BY Canada WERE (2021 - 2022):
Chile-$965k (-69.4%)
Israel-$884k (-88.9%)
Hong Kong-$306k (-48.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Prepared Cereals were:
Germany $784M
United States $747M
United Kingdom $648M
In 2022, Canada's main importing competitors in Prepared Cereals were:
United States $1.03B
Germany $513M

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Trade Value of Prepared Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.83M
TOP IMPORT POTENTIALMexico+ $5.21M

Prepared Cereals’s highest export potential is China. With an export gap of $1.83M.   Prepared Cereals’s highest import potential is Mexico with an import gap of $5.21M.

See methodology.

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