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2023
Exports $558MWorld Rnk 10 / 201
Flag Rnk 150 / 1212
2023
Destination $2.13M United States
2022 - 2023
FASTEST GROWING MARKET $2.13MIsrael
2023
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.56Rnk 724 / 1025
2023
Imports $1.01BWorld Rnk 5 / 226
Flag Rnk 108 / 1211
2023
Origin $68.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $68.4MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $558M in Sauces and Seasonings, making it the 10th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 150th most exported product in Canada. The main destination of Sauces and Seasonings exports from Canada are: United States ($506M), Japan ($6.99M), New Zealand ($5.44M), Mexico ($4.3M), and United Kingdom ($3.43M).

The fastest growing export markets for Sauces and Seasonings of Canada between 2022 and 2023 were Israel ($2.13M), United Kingdom ($1.49M), and Japan ($1.19M).

Imports In 2023, Canada imported $1.01B in Sauces and Seasonings, becoming the 5th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 108th most imported product in Canada. Canada imports Sauces and Seasonings primarily from: United States ($785M), Italy ($38.6M), China ($31.2M), Thailand ($18.7M), and Mexico ($14.9M).

The fastest growing import markets in Sauces and Seasonings for Canada between 2022 and 2023 were United States ($68.4M), Italy ($7.16M), and China ($5.24M).

COMPANIES In 2024, leading companies such as Costco Wholesale (4) were at the forefront of shipping Sauces and Seasonings from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Sauces and Seasonings exports accounted up to C$65.9M and imports accounted up to C$123M, resulting in a negative trade balance of C$56.9M. Between December 2023 and December 2024 the exports of Canada's   Sauces and Seasonings have increased by C$4.91M (8.04%) from C$61M to C$65.9M, while imports decreased by C$-188k (-0.15%) from C$123M to C$123M.

Destinations In December 2024, Sauces and Seasonings were exported mostly to United States (C$59.1M), Japan (C$2.22M), New Zealand (C$1.31M), South Korea (C$410k), and Jamaica (C$357k), and were imported mostly from United States (C$90.1M), Italy (C$8.06M), China (C$3.45M), Philippines (C$1.99M), and Mexico (C$1.79M).

Growth In December 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to United States (C$3.7M or 6.39%), Japan (C$1.06M or 242%), and Colombia (C$234k or 5.09k%). In December 2024, the decrease in Sauces and Seasonings's year-by-year imports was explained primarily by a decrease in imports from Pakistan (C$-560k or -65.8%), Italy (C$-531k or -12%), and Netherlands (C$-504k or -50.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$4.91M(8.04%)
IMPORT GROWTH (December 2023 - December 2024)C$-188k(-0.15%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$59.1M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$558M
IMPORTS (2023)$1.01B
NET TRADE (2023)-$454M

In 2023, Canada exported $558M in Sauces and Seasonings. The main destinations of Canada exports on Sauces and Seasonings were United States ($506M), Japan ($6.99M), New Zealand ($5.44M), Mexico ($4.3M), and United Kingdom ($3.43M).

In 2023, Canada imported $1.01B in Sauces and Seasonings, mainly from United States ($785M), Italy ($38.6M), China ($31.2M), Thailand ($18.7M), and Mexico ($14.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Israel$2.13M (575%)
United Kingdom$1.49M (76.9%)
Japan$1.19M (20.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Canada WERE (2022 - 2023):
United States-$8.16M (-1.59%)
Colombia-$1.13M (-61.5%)
Trinidad and Tobago-$653k (-35.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Sauces and Seasonings were:
United States $2.3B
Italy $1.8B
China $1.6B
In 2023, Canada's main importing competitors in Sauces and Seasonings were:
United States $2.2B
United Kingdom $1.28B
France $1.1B

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.4M
TOP IMPORT POTENTIALChina+ $16.9M

Sauces and Seasonings’s highest export potential is United States. With an export gap of $46.4M.   Sauces and Seasonings’s highest import potential is China with an import gap of $16.9M.

See methodology.

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