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2022
Exports $1.64BWorld Rnk 11 / 216
Flag Rnk 57 / 1210
2022
Destination $135M United States
2021 - 2022
FASTEST GROWING MARKET $135MUnited States
2022
PRODUCT COMPLEXITY IN Beauty Products0.42Rnk 400 / 1025
2022
Imports $1.74BWorld Rnk 8 / 223
Flag Rnk 67 / 1213
2022
Origin $141M United States
2021 - 2022
FASTEST GROWING ORIGIN $141MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.64B in Beauty Products, making it the 11th largest exporter of Beauty Products in the world. At the same year, Beauty Products was the 57th most exported product in Canada. The main destination of Beauty Products exports from Canada are: United States ($1.05B), United Kingdom ($111M), Belgium ($51.1M), China ($49.8M), and United Arab Emirates ($30M).

The fastest growing export markets for Beauty Products of Canada between 2021 and 2022 were United States ($135M), United Arab Emirates ($25.8M), and United Kingdom ($23.6M).

Imports In 2022, Canada imported $1.74B in Beauty Products, becoming the 8th largest importer of Beauty Products in the world. At the same year, Beauty Products was the 67th most imported product in Canada. Canada imports Beauty Products primarily from: United States ($1.19B), France ($178M), China ($60.8M), South Korea ($60.1M), and Germany ($37.6M).

The fastest growing import markets in Beauty Products for Canada between 2021 and 2022 were United States ($141M), South Korea ($19.5M), and China ($15.2M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Beauty Products exports accounted up to C$160M and imports accounted up to C$210M, resulting in a negative trade balance of C$49.5M. Between June 2023 and June 2024 the exports of Canada's   Beauty Products have decreased by C$-29M (-15.3%) from C$189M to C$160M, while imports increased by C$6M (2.95%) from C$204M to C$210M.

Destinations In June 2024, Beauty Products were exported mostly to United States (C$112M), United Kingdom (C$8.38M), Mexico (C$7.64M), China (C$6.64M), and Switzerland (C$3.66M), and were imported mostly from United States (C$107M), France (C$19.8M), South Korea (C$17.7M), China (C$13.5M), and Italy (C$13.4M).

Growth In June 2024, the decrease in Beauty Products's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-8.27M or -94.9%), United Kingdom (C$-4.15M or -36.9%), and Belgium (C$-1.97M or -55.3%). In June 2024, the increase in Beauty Products's year-by-year imports was explained primarily by an increase in imports from United States (C$36.5M or 43.1%), France (C$6.41M or 25.6%), and Italy (C$5.09M or 57%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-29M(-15.3%)
IMPORT GROWTH (June 2023 - June 2024)C$6M(2.95%)
MAIN EXPORTER (June 2024)OntarioC$152M
MAIN DESTINATION (June 2024)United StatesC$112M

This section shows Beauty Products'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 Beauty Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.64B
IMPORTS (2022)$1.74B
NET TRADE (2022)-$99.6M

In 2022, Canada exported $1.64B in Beauty Products. The main destinations of Canada exports on Beauty Products were United States ($1.05B), United Kingdom ($111M), Belgium ($51.1M), China ($49.8M), and United Arab Emirates ($30M).

In 2022, Canada imported $1.74B in Beauty Products, mainly from United States ($1.19B), France ($178M), China ($60.8M), South Korea ($60.1M), and Germany ($37.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Beauty Products EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$135M (14.8%)
United Arab Emirates$25.8M (613%)
United Kingdom$23.6M (27.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Beauty Products BY Canada WERE (2021 - 2022):
Hong Kong-$11.8M (-30.9%)
Germany-$7.12M (-30.6%)
Russia-$5.54M (-82.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Beauty Products were:
France $10.8B
South Korea $7.09B
United States $6.02B
In 2022, Canada's main importing competitors in Beauty Products were:
China $11.1B
United States $5.77B
Hong Kong $3.78B

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Trade Value of Beauty Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $240M
TOP IMPORT POTENTIALFrance+ $36.5M

Beauty Products’s highest export potential is United States. With an export gap of $240M.   Beauty Products’s highest import potential is France with an import gap of $36.5M.

See methodology.

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