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2022
Exports $7.97MWorld Rnk 47 / 194
Flag Rnk 809 / 1210
2022
Destination $194k United States
2021 - 2022
FASTEST GROWING MARKET $194kFrance
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $95.4MWorld Rnk 8 / 223
Flag Rnk 579 / 1213
2022
Origin $3.67M China
2021 - 2022
FASTEST GROWING ORIGIN $3.67MPeru
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $7.97M in Spices, making it the 47th largest exporter of Spices in the world. At the same year, Spices was the 809th most exported product in Canada. The main destination of Spices exports from Canada are: United States ($4.14M), Jamaica ($1.38M), Trinidad and Tobago ($799k), France ($720k), and Barbados ($259k).

The fastest growing export markets for Spices of Canada between 2021 and 2022 were France ($194k), Trinidad and Tobago ($164k), and Vietnam ($61.6k).

Imports In 2022, Canada imported $95.4M in Spices, becoming the 8th largest importer of Spices in the world. At the same year, Spices was the 579th most imported product in Canada. Canada imports Spices primarily from: China ($21.8M), United States ($17.6M), India ($15.1M), Peru ($8.28M), and Pakistan ($5.87M).

The fastest growing import markets in Spices for Canada between 2021 and 2022 were Peru ($3.67M), Pakistan ($1.08M), and United Arab Emirates ($352k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Spices exports accounted up to C$768k and imports accounted up to C$9.77M, resulting in a negative trade balance of C$9M. Between August 2023 and August 2024 the exports of Canada's   Spices have decreased by C$-272k (-26.1%) from C$1.04M to C$768k, while imports decreased by C$-3.69M (-27.4%) from C$13.5M to C$9.77M.

Destinations In August 2024, Spices were exported mostly to United States (C$614k), France (C$69.4k), Jamaica (C$65k), Vietnam (C$15.7k), and Uganda (C$1.66k), and were imported mostly from China (C$3.19M), India (C$2.07M), Peru (C$945k), United States (C$804k), and Turkey (C$401k).

Growth In August 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to France (C$-39.6k or -69.1%), United States (C$-5.93k or -3.7%), and United Kingdom (C$-2.13k or -67.5%). In August 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from Peru (C$-230k or -24.2%), Pakistan (C$-137k or -18.4%), and Malaysia (C$-103k or -63.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-272k(-26.1%)
IMPORT GROWTH (August 2023 - August 2024)C$-3.69M(-27.4%)
MAIN EXPORTER (August 2024)QuebecC$576k
MAIN DESTINATION (August 2024)United StatesC$614k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.97M
IMPORTS (2022)$95.4M
NET TRADE (2022)-$87.4M

In 2022, Canada exported $7.97M in Spices. The main destinations of Canada exports on Spices were United States ($4.14M), Jamaica ($1.38M), Trinidad and Tobago ($799k), France ($720k), and Barbados ($259k).

In 2022, Canada imported $95.4M in Spices, mainly from China ($21.8M), United States ($17.6M), India ($15.1M), Peru ($8.28M), and Pakistan ($5.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Canada WERE (2021 - 2022):
France$194k (37%)
Trinidad and Tobago$164k (25.9%)
Vietnam$61.6k (1.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Canada WERE (2021 - 2022):
United States-$462k (-10.1%)
Barbados-$60.3k (-18.9%)
Australia-$55.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Canada's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.16M
TOP IMPORT POTENTIALIndia+ $3.81M

Spices’s highest export potential is United States. With an export gap of $3.16M.   Spices’s highest import potential is India with an import gap of $3.81M.

See methodology.

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