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Pricing

2022
Exports $36.1MWorld Rnk 19 / 183
Flag Rnk 558 / 1210
2022
Destination $2.22M Denmark
2021 - 2022
FASTEST GROWING MARKET $2.22MSouth Korea
2022
PRODUCT COMPLEXITY IN Vitamins1.04Rnk 153 / 1025
2022
Imports $315MWorld Rnk 6 / 212
Flag Rnk 318 / 1213
2022
Origin $6.87M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.87MGermany
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $36.1M in Vitamins, making it the 19th largest exporter of Vitamins in the world. At the same year, Vitamins was the 558th most exported product in Canada. The main destination of Vitamins exports from Canada are: Denmark ($9.62M), United States ($9.62M), South Korea ($3.73M), Czechia ($2.33M), and Hong Kong ($1.65M).

The fastest growing export markets for Vitamins of Canada between 2021 and 2022 were South Korea ($2.22M), Vietnam ($438k), and Hong Kong ($423k).

Imports In 2022, Canada imported $315M in Vitamins, becoming the 6th largest importer of Vitamins in the world. At the same year, Vitamins was the 318th most imported product in Canada. Canada imports Vitamins primarily from: United States ($178M), China ($64.8M), Germany ($18.9M), Switzerland ($17.3M), and United Kingdom ($11.2M).

The fastest growing import markets in Vitamins for Canada between 2021 and 2022 were Germany ($6.87M), United States ($3.68M), and United Kingdom ($2.24M).

COMPANIES In 2023, leading companies such as Costco Wholesale (16) were at the forefront of shipping Vitamins from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Vitamins exports accounted up to C$3.42M and imports accounted up to C$30.8M, resulting in a negative trade balance of C$27.4M. Between June 2023 and June 2024 the exports of Canada's   Vitamins have increased by C$2.05M (149%) from C$1.38M to C$3.42M, while imports increased by C$8.07M (35.5%) from C$22.7M to C$30.8M.

Destinations In June 2024, Vitamins were exported mostly to United States (C$1.13M), China (C$749k), Hong Kong (C$667k), Czechia (C$220k), and Philippines (C$202k), and were imported mostly from China (C$13.3M), United States (C$10.7M), France (C$1.84M), United Kingdom (C$1.76M), and Germany (C$1.23M).

Growth In June 2024, the increase in Vitamins's year-by-year exports was explained primarily by an increase in exports to Vietnam (C$205k or 3.4k%), Poland (C$113k or 1.13k%), and Iran (C$88.5k or 290%). In June 2024, the increase in Vitamins's year-by-year imports was explained primarily by an increase in imports from United States (C$1.87M or 17.1%), India (C$936k or 196%), and France (C$882k or 43.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$2.05M(149%)
IMPORT GROWTH (June 2023 - June 2024)C$8.07M(35.5%)
MAIN EXPORTER (June 2024)OntarioC$2.71M
MAIN DESTINATION (June 2024)United StatesC$1.13M

This section shows Vitamins'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 Vitamins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.1M
IMPORTS (2022)$315M
NET TRADE (2022)-$279M

In 2022, Canada exported $36.1M in Vitamins. The main destinations of Canada exports on Vitamins were Denmark ($9.62M), United States ($9.62M), South Korea ($3.73M), Czechia ($2.33M), and Hong Kong ($1.65M).

In 2022, Canada imported $315M in Vitamins, mainly from United States ($178M), China ($64.8M), Germany ($18.9M), Switzerland ($17.3M), and United Kingdom ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vitamins EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Korea$2.22M (148%)
Vietnam$438k (56.8%)
Hong Kong$423k (34.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vitamins BY Canada WERE (2021 - 2022):
United States-$2.78M (-22.4%)
Philippines-$2.47M (-99.5%)
Czechia-$1.3M (-35.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Vitamins were:
China $3.61B
Netherlands $1.1B
Germany $1.08B
In 2022, Canada's main importing competitors in Vitamins were:
United States $1.59B
Germany $782M
Netherlands $769M

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Trade Value of Vitamins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.56M
TOP IMPORT POTENTIALChina+ $9.05M

Vitamins’s highest export potential is United States. With an export gap of $9.56M.   Vitamins’s highest import potential is China with an import gap of $9.05M.

See methodology.

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