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2022
Exports $4.86BWorld Rnk 1 / 113
Flag Rnk 17 / 1210
2022
Destination $1.05B United States
2021 - 2022
FASTEST GROWING MARKET $1.05BUnited States
2022
PRODUCT COMPLEXITY IN Rapeseed Oil0.26Rnk 466 / 1025
2022
Imports $48.5MWorld Rnk 30 / 208
Flag Rnk 709 / 1213
2022
Origin $7.63M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.63MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $4.86B in Rapeseed Oil, making it the 1st largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 17th most exported product in Canada. The main destination of Rapeseed Oil exports from Canada are: United States ($3.91B), Mexico ($326M), China ($286M), South Korea ($157M), and Chile ($80.9M).

The fastest growing export markets for Rapeseed Oil of Canada between 2021 and 2022 were United States ($1.05B), Mexico ($76.3M), and Japan ($18.9M).

Imports In 2022, Canada imported $48.5M in Rapeseed Oil, becoming the 30th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 709th most imported product in Canada. Canada imports Rapeseed Oil primarily from: United States ($34.4M), Canada ($7.57M), India ($2.29M), Spain ($2.02M), and Australia ($805k).

The fastest growing import markets in Rapeseed Oil for Canada between 2021 and 2022 were United States ($7.63M), Spain ($1.91M), and India ($1.56M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Rapeseed Oil exports accounted up to C$390M and imports accounted up to C$5.62M, resulting in a positive trade balance of C$384M. Between June 2023 and June 2024 the exports of Canada's   Rapeseed Oil have decreased by C$-122M (-23.9%) from C$512M to C$390M, while imports decreased by C$-1.17M (-17.2%) from C$6.78M to C$5.62M.

Destinations In June 2024, Rapeseed Oil were exported mostly to United States (C$378M), Mexico (C$9.97M), Japan (C$848k), Colombia (C$499k), and Kuwait (C$160k), and were imported mostly from N/A.

Growth In June 2024, the decrease in Rapeseed Oil's year-by-year exports was explained primarily by a decrease in exports to Colombia (C$-5M or -92.5%), Hong Kong (C$-4.13M or -98.3%), and South Korea (C$-3.1M or -100%). In June 2024, the decrease in Rapeseed Oil's year-by-year imports was explained primarily by a decrease in imports from N/A.

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-122M(-23.9%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.17M(-17.2%)
MAIN EXPORTER (June 2024)SaskatchewanC$326M
MAIN DESTINATION (June 2024)United StatesC$378M

This section shows Rapeseed 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 Rapeseed Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.86B
IMPORTS (2022)$48.5M
NET TRADE (2022)$4.81B

In 2022, Canada exported $4.86B in Rapeseed Oil. The main destinations of Canada exports on Rapeseed Oil were United States ($3.91B), Mexico ($326M), China ($286M), South Korea ($157M), and Chile ($80.9M).

In 2022, Canada imported $48.5M in Rapeseed Oil, mainly from United States ($34.4M), Canada ($7.57M), India ($2.29M), Spain ($2.02M), and Australia ($805k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$1.05B (36.9%)
Mexico$76.3M (30.5%)
Japan$18.9M (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Canada WERE (2021 - 2022):
China-$515M (-64.3%)
Chile-$31.1M (-27.8%)
South Korea-$14.7M (-8.58%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Rapeseed Oil were:
Germany $1.77B
Russia $1.15B
In 2022, Canada's main importing competitors in Rapeseed Oil were:
United States $4.01B
China $1.49B
Netherlands $1.38B

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $49.2M
TOP IMPORT POTENTIALAustralia+ $695k

Rapeseed Oil’s highest export potential is China. With an export gap of $49.2M.   Rapeseed Oil’s highest import potential is Australia with an import gap of $695k.

See methodology.

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