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2022
Exports $44.2MWorld Rnk 4 / 121
Flag Rnk 510 / 1210
2022
Destination $11.5M United States
2021 - 2022
FASTEST GROWING MARKET $11.5MUnited States
2022
PRODUCT COMPLEXITY IN Vanilla-1.9Rnk 988 / 1025
2022
Imports $73MWorld Rnk 4 / 198
Flag Rnk 632 / 1213
2022
Origin $7.81M Madagascar
2021 - 2022
FASTEST GROWING ORIGIN $7.81MUganda
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $44.2M in Vanilla, making it the 4th largest exporter of Vanilla in the world. At the same year, Vanilla was the 510th most exported product in Canada. The main destination of Vanilla exports from Canada are: United States ($42.1M), Japan ($1.42M), Germany ($611k), United Kingdom ($32.3k), and South Korea ($25.6k).

The fastest growing export markets for Vanilla of Canada between 2021 and 2022 were United States ($11.5M), Japan ($914k), and Germany ($593k).

Imports In 2022, Canada imported $73M in Vanilla, becoming the 4th largest importer of Vanilla in the world. At the same year, Vanilla was the 632nd most imported product in Canada. Canada imports Vanilla primarily from: Madagascar ($57.2M), Uganda ($9.71M), United States ($2.54M), Germany ($1.3M), and Indonesia ($691k).

The fastest growing import markets in Vanilla for Canada between 2021 and 2022 were Uganda ($7.81M), Cambodia ($216k), and Indonesia ($149k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Vanilla exports accounted up to C$15.8k and imports accounted up to C$2.73M, resulting in a negative trade balance of C$2.71M. Between May 2023 and August 2024 the exports of Canada's   Vanilla have increased by C$10.5k (196%) from C$5.34k to C$15.8k, while imports increased by C$1.46M (115%) from C$1.27M to C$2.73M.

Destinations In August 2024, Vanilla were exported mostly to United Kingdom (C$15.8k), and were imported mostly from Madagascar (C$2.53M), United States (C$66k), France (C$60.2k), Indonesia (C$28.8k), and Papua New Guinea (C$21.8k).

Growth In August 2024, the increase in Vanilla's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the increase in Vanilla's year-by-year imports was explained primarily by an increase in imports from United States (C$73.6k or 50.6%), Mexico (C$4.36k or 79.9%), and Turkey (C$1.81k or 1.06k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - August 2024)C$10.5k(196%)
IMPORT GROWTH (August 2023 - August 2024)C$1.46M(115%)
MAIN EXPORTER (August 2024)OntarioC$45.5k
MAIN DESTINATION (August 2024)United KingdomC$15.8k

This section shows Vanilla'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 Vanilla over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$44.2M
IMPORTS (2022)$73M
NET TRADE (2022)-$28.7M

In 2022, Canada exported $44.2M in Vanilla. The main destinations of Canada exports on Vanilla were United States ($42.1M), Japan ($1.42M), Germany ($611k), United Kingdom ($32.3k), and South Korea ($25.6k).

In 2022, Canada imported $73M in Vanilla, mainly from Madagascar ($57.2M), Uganda ($9.71M), United States ($2.54M), Germany ($1.3M), and Indonesia ($691k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$11.5M (37.7%)
Japan$914k (182%)
Germany$593k (3.37k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Canada WERE (2021 - 2022):
Netherlands-$466k (-100%)
China-$78.5k (-100%)
Mexico-$18.9k (-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 Vanilla were:
Madagascar $583M
France $60.3M
Uganda $44.5M
In 2022, Canada's main importing competitors in Vanilla were:
United States $348M
France $203M
Germany $73.7M

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.21M
TOP IMPORT POTENTIALUnited States+ $827k

Vanilla’s highest export potential is United States. With an export gap of $4.21M.   Vanilla’s highest import potential is United States with an import gap of $827k.

See methodology.

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