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2022
Exports $502MWorld Rnk 1 / 158
Flag Rnk 171 / 1210
2022
Destination $173M United States
2021 - 2022
FASTEST GROWING MARKET $173MUnited States
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Imports $49.1MWorld Rnk 13 / 218
Flag Rnk 701 / 1213
2022
Origin $18M United States
2021 - 2022
FASTEST GROWING ORIGIN $18MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $502M in Processed Cereals, making it the 1st largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 171st most exported product in Canada. The main destination of Processed Cereals exports from Canada are: United States ($472M), Mexico ($10M), Japan ($6.88M), Canada ($3.54M), and China ($2.57M).

The fastest growing export markets for Processed Cereals of Canada between 2021 and 2022 were United States ($173M), Canada ($1.53M), and South Korea ($985k).

Imports In 2022, Canada imported $49.1M in Processed Cereals, becoming the 13th largest importer of Processed Cereals in the world. At the same year, Processed Cereals was the 701st most imported product in Canada. Canada imports Processed Cereals primarily from: United States ($41.5M), Canada ($3.54M), Ireland ($601k), Ukraine ($561k), and China ($458k).

The fastest growing import markets in Processed Cereals for Canada between 2021 and 2022 were United States ($18M), Canada ($1.53M), and Ireland ($546k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Processed Cereals exports accounted up to C$40.7M and imports accounted up to C$4.68M, resulting in a positive trade balance of C$36M. Between August 2023 and August 2024 the exports of Canada's   Processed Cereals have increased by C$233k (0.58%) from C$40.5M to C$40.7M, while imports decreased by C$-503k (-9.71%) from C$5.18M to C$4.68M.

Destinations In August 2024, Processed Cereals were exported mostly to United States (C$39.6M), Japan (C$681k), South Korea (C$117k), Malaysia (C$38.2k), and Barbados (C$37.8k), and were imported mostly from United States (C$3.26M), Canada (C$810k), Peru (C$259k), China (C$68.1k), and India (C$57.2k).

Growth In August 2024, the increase in Processed Cereals's year-by-year exports was explained primarily by an increase in exports to United States (C$17.6M or 50.1%), Jamaica (C$41.4k or 157%), and Bahamas (C$11.2k or 160%). In August 2024, the decrease in Processed Cereals's year-by-year imports was explained primarily by a decrease in imports from Peru (C$-23.6k or -33.2%), Turkey (C$-18.7k or -50.8%), and India (C$-4.77k or -11.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$233k(0.58%)
IMPORT GROWTH (August 2023 - August 2024)C$-503k(-9.71%)
MAIN EXPORTER (August 2024)SaskatchewanC$24.2M
MAIN DESTINATION (August 2024)United StatesC$39.6M

This section shows Processed 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 Processed Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$502M
IMPORTS (2022)$49.1M
NET TRADE (2022)$453M

In 2022, Canada exported $502M in Processed Cereals. The main destinations of Canada exports on Processed Cereals were United States ($472M), Mexico ($10M), Japan ($6.88M), Canada ($3.54M), and China ($2.57M).

In 2022, Canada imported $49.1M in Processed Cereals, mainly from United States ($41.5M), Canada ($3.54M), Ireland ($601k), Ukraine ($561k), and China ($458k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$173M (57.9%)
Canada$1.53M (76.1%)
South Korea$985k (224%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY Canada WERE (2021 - 2022):
Mexico-$3.94M (-28.2%)
Qatar-$2.83M (-100%)
Colombia-$1.58M (-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 Processed Cereals were:
Germany $183M
United States $168M
In 2022, Canada's main importing competitors in Processed Cereals were:
United States $597M
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.1M
TOP IMPORT POTENTIALChina+ $661k

Processed Cereals’s highest export potential is China. With an export gap of $3.1M.   Processed Cereals’s highest import potential is China with an import gap of $661k.

See methodology.

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