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2022
Exports $8.87BWorld Rnk 3 / 133
Flag Rnk 12 / 1210
2022
Destination $866M China
2021 - 2022
FASTEST GROWING MARKET $866MChina
2022
PRODUCT COMPLEXITY IN Wheat-0.42Rnk 677 / 1025
2022
Imports $30.6MWorld Rnk 124 / 194
Flag Rnk 797 / 1213
2022
Origin $49.6k United States
2021 - 2022
FASTEST GROWING ORIGIN $49.6kUnited Kingdom
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $8.87B in Wheat, making it the 3rd largest exporter of Wheat in the world. At the same year, Wheat was the 12th most exported product in Canada. The main destination of Wheat exports from Canada are: China ($1.53B), Japan ($814M), United States ($716M), Indonesia ($613M), and Colombia ($466M).

The fastest growing export markets for Wheat of Canada between 2021 and 2022 were China ($866M), United States ($314M), and Japan ($272M).

Imports In 2022, Canada imported $30.6M in Wheat, becoming the 124th largest importer of Wheat in the world. At the same year, Wheat was the 797th most imported product in Canada. Canada imports Wheat primarily from: United States ($28.9M), United Arab Emirates ($1.63M), United Kingdom ($49.7k), Chile ($15.4k), and Canada ($10.3k).

The fastest growing import markets in Wheat for Canada between 2021 and 2022 were United Kingdom ($49.6k), Chile ($15k), and Canada ($10.3k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Wheat exports accounted up to C$610M and imports accounted up to C$3.38M, resulting in a positive trade balance of C$607M. Between August 2023 and August 2024 the exports of Canada's   Wheat have decreased by C$-45.5M (-6.94%) from C$655M to C$610M, while imports increased by C$3.83k (0.11%) from C$3.38M to C$3.38M.

Destinations In August 2024, Wheat were exported mostly to Indonesia (C$73.6M), United States (C$68M), Japan (C$47.4M), Peru (C$42.5M), and Colombia (C$41.8M), and were imported mostly from United States (C$3.23M), Argentina (C$150k), Austria (C$36), and United Kingdom (C$5).

Growth In August 2024, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to South Korea (C$-34.6M or -98.3%), China (C$-16.8M or -16.2%), and Malaysia (C$-13.5M or -79.6%). In August 2024, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-45.5M(-6.94%)
IMPORT GROWTH (August 2023 - August 2024)C$3.83k(0.11%)
MAIN EXPORTER (August 2024)SaskatchewanC$571M
MAIN DESTINATION (August 2024)IndonesiaC$73.6M

This section shows Wheat'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 Wheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.87B
IMPORTS (2022)$30.6M
NET TRADE (2022)$8.84B

In 2022, Canada exported $8.87B in Wheat. The main destinations of Canada exports on Wheat were China ($1.53B), Japan ($814M), United States ($716M), Indonesia ($613M), and Colombia ($466M).

In 2022, Canada imported $30.6M in Wheat, mainly from United States ($28.9M), United Arab Emirates ($1.63M), United Kingdom ($49.7k), Chile ($15.4k), and Canada ($10.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$866M (131%)
United States$314M (78.2%)
Japan$272M (50.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Canada WERE (2021 - 2022):
Nigeria-$94M (-31.6%)
Belgium-$92.1M (-94.4%)
Ecuador-$89.9M (-21.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Wheat were:
Australia $10.2B
United States $9.21B
In 2022, Canada's main importing competitors in Wheat were:
Egypt $4.82B
China $4.52B
Indonesia $3.38B

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Trade Value of Wheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $235M
TOP IMPORT POTENTIALUnited States+ $22.9M

Wheat’s highest export potential is United States. With an export gap of $235M.   Wheat’s highest import potential is United States with an import gap of $22.9M.

See methodology.

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