2023
Exports
$216MWorld Rnk 4 / 178
Flag Rnk 257 / 1212
2023
PRODUCT COMPLEXITY IN Soups and Broths
-0.55Rnk 719 / 1025
2023
Imports
$327MWorld Rnk 3 / 224
Flag Rnk 288 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $216M in Soups and Broths, making it the 4th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 257th most exported product in Canada. The main destination of Soups and Broths exports from Canada are: United States ($203M), Japan ($4.05M), Ukraine ($2.89M), Thailand ($2.59M), and Philippines ($820k).

The fastest growing export markets for Soups and Broths of Canada between 2022 and 2023 were United States ($19M), Ukraine ($2.89M), and Poland ($716k).

Imports In 2023, Canada imported $327M in Soups and Broths, becoming the 3rd largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 288th most imported product in Canada. Canada imports Soups and Broths primarily from: United States ($276M), South Korea ($14.4M), Chile ($7.14M), Mexico ($5.4M), and Japan ($4.21M).

The fastest growing import markets in Soups and Broths for Canada between 2022 and 2023 were United States ($7.76M), South Korea ($4.76M), and Japan ($1.98M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$7.6M(23%)
IMPORT GROWTH (November 2023 - November 2024)C$10.5M(37.2%)
MAIN EXPORTER (November 2024)OntarioC$22.8M
MAIN DESTINATION (November 2024)United StatesC$40.6M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$216M
IMPORTS (2023)$327M
NET TRADE (2023)-$111M

In 2023, Canada exported $216M in Soups and Broths. The main destinations of Canada exports on Soups and Broths were United States ($203M), Japan ($4.05M), Ukraine ($2.89M), Thailand ($2.59M), and Philippines ($820k).

In 2023, Canada imported $327M in Soups and Broths, mainly from United States ($276M), South Korea ($14.4M), Chile ($7.14M), Mexico ($5.4M), and Japan ($4.21M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$19M (10.3%)
Ukraine$2.89M (111k%)
Poland$716k (4.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Canada WERE (2022 - 2023):
Thailand-$1.52M (-36.9%)
Philippines-$339k (-29.2%)
China-$170k (-99.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Soups and Broths were:
In 2023, Canada's main importing competitors in Soups and Broths were:

Explore Visualizations

Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $1.24M
TOP IMPORT POTENTIALChina+ $2.48M

Soups and Broths’s highest export potential is Japan. With an export gap of $1.24M.   Soups and Broths’s highest import potential is China with an import gap of $2.48M.

See methodology.

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