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2023
Exports $2.38MWorld Rnk 69 / 150
Flag Rnk 918 / 1212
2023
Destination $166k United States
2022 - 2023
FASTEST GROWING MARKET $166kItaly
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $127MWorld Rnk 27 / 216
Flag Rnk 506 / 1211
2023
Origin $21M United States
2022 - 2023
FASTEST GROWING ORIGIN $21MRomania
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $2.38M in Seed Oils, making it the 69th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 918th most exported product in Canada. The main destination of Seed Oils exports from Canada are: United States ($1.82M), Italy ($178k), China ($96.7k), Singapore ($84.3k), and South Korea ($40.5k).

The fastest growing export markets for Seed Oils of Canada between 2022 and 2023 were Italy ($166k), China ($96.7k), and Kuwait ($36.6k).

Imports In 2023, Canada imported $127M in Seed Oils, becoming the 27th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 506th most imported product in Canada. Canada imports Seed Oils primarily from: United States ($52.6M), Ukraine ($28.9M), Romania ($21.3M), Spain ($7.5M), and Turkey ($5.38M).

The fastest growing import markets in Seed Oils for Canada between 2022 and 2023 were Romania ($21M), Ukraine ($4.06M), and Argentina ($1.43M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Seed Oils exports accounted up to C$203k and imports accounted up to C$9.72M, resulting in a negative trade balance of C$9.52M. Between November 2023 and November 2024 the exports of Canada's   Seed Oils have decreased by C$-441k (-68.5%) from C$644k to C$203k, while imports decreased by C$-2.23M (-18.6%) from C$11.9M to C$9.72M.

Destinations In November 2024, Seed Oils were exported mostly to Singapore (C$93.4k), United States (C$37.2k), China (C$35.4k), Japan (C$21k), and Burkina Faso (C$16k), and were imported mostly from United States (C$3.05M), Ukraine (C$1.65M), Turkey (C$1.41M), Poland (C$1.18M), and Romania (C$725k).

Growth In November 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Ukraine (C$-5.83M or -54.1%), Netherlands (C$-124k or -45.7%), and India (C$-8.03k or -89.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-441k(-68.5%)
IMPORT GROWTH (November 2023 - November 2024)C$-2.23M(-18.6%)
MAIN EXPORTER (November 2024)AlbertaC$734k
MAIN DESTINATION (November 2024)SingaporeC$93.4k

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.38M
IMPORTS (2023)$127M
NET TRADE (2023)-$125M

In 2023, Canada exported $2.38M in Seed Oils. The main destinations of Canada exports on Seed Oils were United States ($1.82M), Italy ($178k), China ($96.7k), Singapore ($84.3k), and South Korea ($40.5k).

In 2023, Canada imported $127M in Seed Oils, mainly from United States ($52.6M), Ukraine ($28.9M), Romania ($21.3M), Spain ($7.5M), and Turkey ($5.38M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Italy$166k (1.29k%)
China$96.7k (1%)
Kuwait$36.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Canada WERE (2022 - 2023):
United Arab Emirates-$261k (-99.4%)
United States-$39.6k (-2.12%)
Singapore-$36.2k (-30.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Canada's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.58M
TOP IMPORT POTENTIALUkraine+ $9.35M

Seed Oils’s highest export potential is United States. With an export gap of $1.58M.   Seed Oils’s highest import potential is Ukraine with an import gap of $9.35M.

See methodology.

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