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2023
Exports $7.38MWorld Rnk 8 / 62
Flag Rnk 780 / 1212
2023
Destination $2.1M United States
2022 - 2023
FASTEST GROWING MARKET $2.1MUnited States
2023
Imports $7.43MWorld Rnk 10 / 121
Flag Rnk 980 / 1211
2023
Origin $317k United States
2022 - 2023
FASTEST GROWING ORIGIN $317kUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $7.38M in Tall Oil, making it the 8th largest exporter of Tall Oil in the world. At the same year, Tall Oil was the 780th most exported product in Canada. The main destination of Tall Oil exports from Canada are: United States ($7.38M) and Madagascar ($216).

The fastest growing export markets for Tall Oil of Canada between 2022 and 2023 were United States ($2.1M) and Madagascar ($216).

Imports In 2023, Canada imported $7.43M in Tall Oil, becoming the 10th largest importer of Tall Oil in the world. At the same year, Tall Oil was the 980th most imported product in Canada. Canada imports Tall Oil primarily from: United States ($7.43M) and China ($9).

The fastest growing import markets in Tall Oil for Canada between 2022 and 2023 were United States ($317k) and China ($9).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Tall Oil exports accounted up to C$228k and imports accounted up to C$780k, resulting in a negative trade balance of C$551k. Between November 2023 and November 2024 the exports of Canada's   Tall Oil have decreased by C$-365k (-61.5%) from C$593k to C$228k, while imports increased by C$335k (75.3%) from C$445k to C$780k.

Destinations In November 2024, Tall Oil were exported mostly to United States (C$228k), and were imported mostly from United States (C$775k) and Mexico (C$4.47k).

Growth In November 2024, the decrease in Tall Oil's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Tall Oil's year-by-year imports was explained primarily by an increase in imports from United States (C$500k or 189%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-365k(-61.5%)
IMPORT GROWTH (November 2023 - November 2024)C$335k(75.3%)
MAIN EXPORTER (November 2024)OntarioC$726k
MAIN DESTINATION (November 2024)United StatesC$228k

This section shows Tall Oil'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 Tall Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.38M
IMPORTS (2023)$7.43M
NET TRADE (2023)-$48.2k

In 2023, Canada exported $7.38M in Tall Oil. The main destinations of Canada exports on Tall Oil were United States ($7.38M) and Madagascar ($216).

In 2023, Canada imported $7.43M in Tall Oil, mainly from United States ($7.43M) and China ($9).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tall Oil EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$2.1M (39.7%)
Madagascar$216 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tall Oil BY Canada WERE (2022 - 2023):Japan-$3.05k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Tall Oil were:
United States $352M
Sweden $83.1M
Poland $29.5M
In 2023, Canada's main importing competitors in Tall Oil were:
Finland $205M
Sweden $127M
Japan $62M

Explore Visualizations

Trade Value of Tall Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $12.1k
TOP IMPORT POTENTIALUnited States+ $618k

Tall Oil’s highest export potential is Japan. With an export gap of $12.1k.   Tall Oil’s highest import potential is United States with an import gap of $618k.

See methodology.

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