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2023
Exports $265kWorld Rnk 29 / 73
Flag Rnk 1098 / 1212
2023
Destination $148k Saudi Arabia
2022 - 2023
FASTEST GROWING MARKET $148kSaudi Arabia
2023
Imports $2.97MWorld Rnk 16 / 149
Flag Rnk 1066 / 1211
2023
Origin $165k United States
2022 - 2023
FASTEST GROWING ORIGIN $165kBrazil
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $265k in Wool Grease, making it the 29th largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 1098th most exported product in Canada. The main destination of Wool Grease exports from Canada are: Saudi Arabia ($148k), Thailand ($97.3k), United States ($11.5k), Japan ($6.98k), and Qatar ($256).

The fastest growing export markets for Wool Grease of Canada between 2022 and 2023 were Saudi Arabia ($148k), United States ($11.5k), and Qatar ($256).

Imports In 2023, Canada imported $2.97M in Wool Grease, becoming the 16th largest importer of Wool Grease in the world. At the same year, Wool Grease was the 1066th most imported product in Canada. Canada imports Wool Grease primarily from: United States ($1.16M), United Kingdom ($571k), Brazil ($402k), New Zealand ($261k), and Japan ($176k).

The fastest growing import markets in Wool Grease for Canada between 2022 and 2023 were Brazil ($165k), Germany ($132k), and New Zealand ($77.3k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Wool Grease exports accounted up to C$234 and imports accounted up to C$450k, resulting in a negative trade balance of C$450k. Between August 2023 and November 2024 the exports of Canada's   Wool Grease have increased by C$111 (90.2%) from C$123 to C$234, while imports increased by C$301k (202%) from C$149k to C$450k.

Destinations In November 2024, Wool Grease were exported mostly to Mexico (C$234), and were imported mostly from United Kingdom (C$218k), New Zealand (C$86.1k), Japan (C$77.2k), Brazil (C$48.2k), and Australia (C$8.7k).

Growth In November 2024, the increase in Wool Grease's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the increase in Wool Grease's year-by-year imports was explained primarily by an increase in imports from United Kingdom (C$11.7k or 112%), Australia (C$9.62k or 1.09k%), and Mexico (C$2.89k or 322%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - November 2024)C$111(90.2%)
IMPORT GROWTH (November 2023 - November 2024)C$301k(202%)
MAIN EXPORTER (November 2024)OntarioC$125k
MAIN DESTINATION (November 2024)MexicoC$234

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$265k
IMPORTS (2023)$2.97M
NET TRADE (2023)-$2.7M

In 2023, Canada exported $265k in Wool Grease. The main destinations of Canada exports on Wool Grease were Saudi Arabia ($148k), Thailand ($97.3k), United States ($11.5k), Japan ($6.98k), and Qatar ($256).

In 2023, Canada imported $2.97M in Wool Grease, mainly from United States ($1.16M), United Kingdom ($571k), Brazil ($402k), New Zealand ($261k), and Japan ($176k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Saudi Arabia$148k (1%)
United States$11.5k (1%)
Qatar$256 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY Canada WERE (2022 - 2023):
Israel-$59.9k (-100%)
Thailand-$47.6k (-32.8%)
Latvia-$5.35k (-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 Wool Grease were:
China $63.8M
United Kingdom $36.7M
Japan $23.1M
In 2023, Canada's main importing competitors in Wool Grease were:
Germany $42.3M
United States $24.7M
United Kingdom $23.7M

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $11.2k
TOP IMPORT POTENTIALChina+ $107k

Wool Grease’s highest export potential is Japan. With an export gap of $11.2k.   Wool Grease’s highest import potential is China with an import gap of $107k.

See methodology.

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