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2023
Exports $9.09BWorld Rnk 3 / 135
Flag Rnk 12 / 1212
2023
Destination $319M Indonesia
2022 - 2023
FASTEST GROWING MARKET $319MIndonesia
2023
PRODUCT COMPLEXITY IN Wheat-0.28Rnk 640 / 1025
2023
Imports $32.2MWorld Rnk 119 / 195
Flag Rnk 764 / 1211
2023
Origin $15M Turkey
2022 - 2023
FASTEST GROWING ORIGIN $15MTurkey
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $9.09B 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: Indonesia ($889M), United States ($762M), Japan ($661M), China ($596M), and Italy ($534M).

The fastest growing export markets for Wheat of Canada between 2022 and 2023 were Indonesia ($319M), Algeria ($199M), and Italy ($151M).

Imports In 2023, Canada imported $32.2M in Wheat, becoming the 119th largest importer of Wheat in the world. At the same year, Wheat was the 764th most imported product in Canada. Canada imports Wheat primarily from: Turkey ($15M), United States ($14.3M), Romania ($1.9M), United Arab Emirates ($543k), and Germany ($216k).

The fastest growing import markets in Wheat for Canada between 2022 and 2023 were Turkey ($15M), Romania ($1.9M), and Germany ($214k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Wheat exports accounted up to C$927M and imports accounted up to C$2.89M, resulting in a positive trade balance of C$924M. Between November 2023 and November 2024 the exports of Canada's   Wheat have decreased by C$-94.7M (-9.27%) from C$1.02B to C$927M, while imports increased by C$1.03M (55.4%) from C$1.86M to C$2.89M.

Destinations In November 2024, Wheat were exported mostly to United States (C$98.2M), Japan (C$88.8M), Italy (C$83.7M), Peru (C$82.9M), and Indonesia (C$81.2M), and were imported mostly from United States (C$2.89M).

Growth In November 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 November 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 (November 2023 - November 2024)C$-94.7M(-9.27%)
IMPORT GROWTH (November 2023 - November 2024)C$1.03M(55.4%)
MAIN EXPORTER (November 2024)SaskatchewanC$571M
MAIN DESTINATION (November 2024)United StatesC$98.2M

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 (2023)$9.09B
IMPORTS (2023)$32.2M
NET TRADE (2023)$9.06B

In 2023, Canada exported $9.09B in Wheat. The main destinations of Canada exports on Wheat were Indonesia ($889M), United States ($762M), Japan ($661M), China ($596M), and Italy ($534M).

In 2023, Canada imported $32.2M in Wheat, mainly from Turkey ($15M), United States ($14.3M), Romania ($1.9M), United Arab Emirates ($543k), and Germany ($216k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Indonesia$319M (56%)
Algeria$199M (64.8%)
Italy$151M (39.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat BY Canada WERE (2022 - 2023):
China-$829M (-58.2%)
Ecuador-$284M (-52.4%)
Japan-$216M (-24.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Wheat were:
Russia $11B
Australia $9.7B
In 2023, Canada's main importing competitors in Wheat were:
Egypt $4B
China $3.55B
Indonesia $3.49B

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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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