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2022
Exports $13.4MWorld Rnk 27 / 110
Flag Rnk 735 / 1210
2022
Destination $890k United States
2021 - 2022
FASTEST GROWING MARKET $890kBrazil
2022
PRODUCT COMPLEXITY IN Hormones0.61Rnk 317 / 1025
2022
Imports $419MWorld Rnk 8 / 188
Flag Rnk 260 / 1213
2022
Origin $18.5M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $18.5MSingapore
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $13.4M in Hormones, making it the 27th largest exporter of Hormones in the world. At the same year, Hormones was the 735th most exported product in Canada. The main destination of Hormones exports from Canada are: United States ($5.19M), Ireland ($2.84M), Brazil ($1.43M), Canada ($795k), and Austria ($603k).

The fastest growing export markets for Hormones of Canada between 2021 and 2022 were Brazil ($890k), Austria ($589k), and Canada ($134k).

Imports In 2022, Canada imported $419M in Hormones, becoming the 8th largest importer of Hormones in the world. At the same year, Hormones was the 260th most imported product in Canada. Canada imports Hormones primarily from: Belgium ($340M), Singapore ($19.5M), United States ($13.8M), India ($12.6M), and China ($10.3M).

The fastest growing import markets in Hormones for Canada between 2021 and 2022 were Singapore ($18.5M), India ($3.36M), and Portugal ($2.35M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Hormones exports accounted up to C$2.3M and imports accounted up to C$77.8M, resulting in a negative trade balance of C$75.5M. Between June 2023 and June 2024 the exports of Canada's   Hormones have increased by C$1.69M (275%) from C$614k to C$2.3M, while imports increased by C$41.1M (112%) from C$36.7M to C$77.8M.

Destinations In June 2024, Hormones were exported mostly to Denmark (C$2.01M), United States (C$137k), Brazil (C$58.2k), Germany (C$29.2k), and Japan (C$11.7k), and were imported mostly from Belgium (C$65.9M), United States (C$5.67M), China (C$1.75M), India (C$1.4M), and Chinese Taipei (C$1.34M).

Growth In June 2024, the increase in Hormones's year-by-year exports was explained primarily by an increase in exports to India (C$209k or 6.42k%), South Korea (C$11.1k or 170%), and Israel (C$3.88k or 3.23k%). In June 2024, the increase in Hormones's year-by-year imports was explained primarily by an increase in imports from Belgium (C$160M or 640k%), China (C$2.11M or 139%), and Israel (C$1.16M or 62.7k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.69M(275%)
IMPORT GROWTH (June 2023 - June 2024)C$41.1M(112%)
MAIN EXPORTER (June 2024)QuebecC$2.08M
MAIN DESTINATION (June 2024)DenmarkC$2.01M

This section shows Hormones'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 Hormones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.4M
IMPORTS (2022)$419M
NET TRADE (2022)-$405M

In 2022, Canada exported $13.4M in Hormones. The main destinations of Canada exports on Hormones were United States ($5.19M), Ireland ($2.84M), Brazil ($1.43M), Canada ($795k), and Austria ($603k).

In 2022, Canada imported $419M in Hormones, mainly from Belgium ($340M), Singapore ($19.5M), United States ($13.8M), India ($12.6M), and China ($10.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Brazil$890k (165%)
Austria$589k (4.23k%)
Canada$134k (20.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY Canada WERE (2021 - 2022):
Ireland-$2.62M (-48%)
United States-$1.34M (-20.5%)
China-$714k (-77.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Hormones were:
Ireland $7.02B
Switzerland $2.8B
United States $2.79B
In 2022, Canada's main importing competitors in Hormones were:
United States $6.4B
Austria $2.81B
Italy $2.73B

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.46M
TOP IMPORT POTENTIALUnited States+ $24.2M

Hormones’s highest export potential is United States. With an export gap of $8.46M.   Hormones’s highest import potential is United States with an import gap of $24.2M.

See methodology.

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