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2022
Exports $65.3MWorld Rnk 32 / 202
Flag Rnk 453 / 1210
2022
Destination $7.54M United States
2021 - 2022
FASTEST GROWING MARKET $7.54MUnited States
2022
PRODUCT COMPLEXITY IN Soap-1.11Rnk 858 / 1025
2022
Imports $321MWorld Rnk 3 / 223
Flag Rnk 313 / 1213
2022
Origin $33.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $33.7MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $65.3M in Soap, making it the 32nd largest exporter of Soap in the world. At the same year, Soap was the 453rd most exported product in Canada. The main destination of Soap exports from Canada are: United States ($53.5M), Indonesia ($3.01M), Netherlands ($2.03M), Germany ($1.17M), and France ($532k).

The fastest growing export markets for Soap of Canada between 2021 and 2022 were United States ($7.54M), Netherlands ($1.6M), and Germany ($1.03M).

Imports In 2022, Canada imported $321M in Soap, becoming the 3rd largest importer of Soap in the world. At the same year, Soap was the 313th most imported product in Canada. Canada imports Soap primarily from: United States ($263M), China ($29.5M), United Kingdom ($3.69M), Mexico ($2.89M), and Italy ($2.86M).

The fastest growing import markets in Soap for Canada between 2021 and 2022 were United States ($33.7M), China ($6.83M), and Mexico ($1.22M).

COMPANIES In 2023, leading companies such as Walmart (3) were at the forefront of shipping Soap from Canada to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Canada's Soap exports accounted up to C$57.3M and imports accounted up to C$74.1M, resulting in a negative trade balance of C$16.8M. Between October 2023 and October 2024 the exports of Canada's   Soap have increased by C$8.81M (18.2%) from C$48.5M to C$57.3M, while imports decreased by C$-13.7M (-15.6%) from C$87.8M to C$74.1M.

Destinations In October 2024, Soap were exported mostly to United States (C$50.8M), China (C$2.2M), Netherlands (C$691k), Singapore (C$653k), and United Kingdom (C$514k), and were imported mostly from United States (C$57.3M), China (C$4.8M), Mexico (C$2.84M), Colombia (C$2.19M), and France (C$1.7M).

Growth In October 2024, the increase in Soap's year-by-year exports was explained primarily by an increase in exports to United States (C$13.4M or 51.3%), Germany (C$479k or 2.36k%), and United Arab Emirates (C$225k or 855%). In October 2024, the decrease in Soap's year-by-year imports was explained primarily by a decrease in imports from India (C$-840k or -84.8%), United Arab Emirates (C$-286k or -97.1%), and Japan (C$-285k or -39.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$8.81M(18.2%)
IMPORT GROWTH (October 2023 - October 2024)C$-13.7M(-15.6%)
MAIN EXPORTER (October 2024)OntarioC$38.5M
MAIN DESTINATION (October 2024)United StatesC$50.8M

This section shows Soap'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 Soap over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$65.3M
IMPORTS (2022)$321M
NET TRADE (2022)-$256M

In 2022, Canada exported $65.3M in Soap. The main destinations of Canada exports on Soap were United States ($53.5M), Indonesia ($3.01M), Netherlands ($2.03M), Germany ($1.17M), and France ($532k).

In 2022, Canada imported $321M in Soap, mainly from United States ($263M), China ($29.5M), United Kingdom ($3.69M), Mexico ($2.89M), and Italy ($2.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soap EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$7.54M (16.4%)
Netherlands$1.6M (371%)
Germany$1.03M (727%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soap BY Canada WERE (2021 - 2022):
Canada-$3.55M (-87%)
Indonesia-$2.38M (-44.2%)
Chinese Taipei-$522k (-90.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Soap were:
Indonesia $860M
China $841M
Germany $664M
In 2022, Canada's main importing competitors in Soap were:
United States $730M
Germany $489M

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Trade Value of Soap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.7M
TOP IMPORT POTENTIALChina+ $11.7M

Soap’s highest export potential is United States. With an export gap of $33.7M.   Soap’s highest import potential is China with an import gap of $11.7M.

See methodology.

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