Yeast in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $186M in Yeast, making it the 4th largest exporter of Yeast in the world. At the same year, Yeast was the 299th most exported product in Canada. The main destination of Yeast exports from Canada are: United States ($163M), Mexico ($9.49M), Belgium ($2.44M), Denmark ($1.64M), and China ($1.51M).

The fastest growing export markets for Yeast of Canada between 2021 and 2022 were United States ($35M), Denmark ($557k), and United Kingdom ($326k).

Imports In 2022, Canada imported $93.1M in Yeast, becoming the 5th largest importer of Yeast in the world. At the same year, Yeast was the 585th most imported product in Canada. Canada imports Yeast primarily from: United States ($59.3M), Estonia ($6.51M), Italy ($5.66M), Mexico ($3.52M), and France ($3.2M).

The fastest growing import markets in Yeast for Canada between 2021 and 2022 were United States ($9.23M), Italy ($4.47M), and France ($2.49M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Yeast exports accounted up to C$21.6M and imports accounted up to C$9.81M, resulting in a positive trade balance of C$11.8M. Between February 2023 and February 2024 the exports of Canada's Yeast have increased by C$3.67M (20.5%) from C$17.9M to C$21.6M, while imports decreased by C$-1.27M (-11.5%) from C$11.1M to C$9.81M.

Destinations In February 2024, Yeast were exported mostly to United States (C$20.2M), Belgium (C$814k), Guatemala (C$180k), Denmark (C$115k), and United Kingdom (C$77k), and were imported mostly from United States (C$5.41M), Mexico (C$1.01M), Belgium (C$887k), Estonia (C$703k), and China (C$382k).

Growth In February 2024, the increase in Yeast's year-by-year exports was explained primarily by an increase in exports to United States (C$5.4M or 39%), Denmark (C$170k or 134%), and United Kingdom (C$41.9k or 46.8%). In February 2024, the decrease in Yeast's year-by-year imports was explained primarily by a decrease in imports from Denmark (C$-161k or -65.4%), United Kingdom (C$-122k or -76.1%), and Canada (C$-115k or -63.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$3.67M(20.5%)

IMPORT GROWTH (February 2023 - February 2024)C$-1.27M(-11.5%)

MAIN EXPORTER (February 2024)QuebecC$14M

MAIN DESTINATION (February 2024)United StatesC$20.2M

This section shows Yeast'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 Yeast over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$186M

IMPORTS (2022)$93.1M

NET TRADE (2022)$92.6M

In 2022, Canada exported $186M in Yeast. The main destinations of Canada exports on Yeast were United States ($163M), Mexico ($9.49M), Belgium ($2.44M), Denmark ($1.64M), and China ($1.51M).

In 2022, Canada imported $93.1M in Yeast, mainly from United States ($59.3M), Estonia ($6.51M), Italy ($5.66M), Mexico ($3.52M), and France ($3.2M).

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