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2022
Exports $42MWorld Rnk 23 / 140
Flag Rnk 525 / 1210
2022
Destination $1.77M United States
2021 - 2022
FASTEST GROWING MARKET $1.77MNetherlands
2022
PRODUCT COMPLEXITY IN Enzymes1.11Rnk 130 / 1025
2022
Imports $210MWorld Rnk 7 / 200
Flag Rnk 396 / 1213
2022
Origin $28M United States
2021 - 2022
FASTEST GROWING ORIGIN $28MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $42M in Enzymes, making it the 23rd largest exporter of Enzymes in the world. At the same year, Enzymes was the 525th most exported product in Canada. The main destination of Enzymes exports from Canada are: United States ($25.5M), Netherlands ($4.82M), Brazil ($2.18M), Germany ($1.46M), and Vietnam ($1.17M).

The fastest growing export markets for Enzymes of Canada between 2021 and 2022 were Netherlands ($1.77M), Vietnam ($613k), and South Korea ($475k).

Imports In 2022, Canada imported $210M in Enzymes, becoming the 7th largest importer of Enzymes in the world. At the same year, Enzymes was the 396th most imported product in Canada. Canada imports Enzymes primarily from: United States ($157M), Japan ($17.7M), China ($8.26M), Denmark ($6.03M), and Belgium ($3.52M).

The fastest growing import markets in Enzymes for Canada between 2021 and 2022 were United States ($28M), Japan ($5.24M), and China ($4.66M).

COMPANIES In 2023, leading companies such as Dow Chemical (4) were at the forefront of shipping Enzymes from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Enzymes exports accounted up to C$3.77M and imports accounted up to C$25.1M, resulting in a negative trade balance of C$21.3M. Between June 2023 and June 2024 the exports of Canada's   Enzymes have increased by C$2.49M (193%) from C$1.29M to C$3.77M, while imports increased by C$4.27M (20.5%) from C$20.8M to C$25.1M.

Destinations In June 2024, Enzymes were exported mostly to United States (C$1.68M), Netherlands (C$732k), Belgium (C$660k), Japan (C$127k), and Philippines (C$127k), and were imported mostly from United States (C$13.8M), Japan (C$3.45M), China (C$2.17M), Denmark (C$1.93M), and Ireland (C$662k).

Growth In June 2024, the increase in Enzymes's year-by-year exports was explained primarily by an increase in exports to Japan (C$218k or 1.81k%), United Kingdom (C$138k or 8.81k%), and Netherlands (C$108k or 23.9%). In June 2024, the increase in Enzymes's year-by-year imports was explained primarily by an increase in imports from India (C$471k or 887%), United Kingdom (C$432k or 239%), and Denmark (C$418k or 30.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$2.49M(193%)
IMPORT GROWTH (June 2023 - June 2024)C$4.27M(20.5%)
MAIN EXPORTER (June 2024)British ColumbiaC$2.78M
MAIN DESTINATION (June 2024)United StatesC$1.68M

This section shows Enzymes'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 Enzymes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$42M
IMPORTS (2022)$210M
NET TRADE (2022)-$168M

In 2022, Canada exported $42M in Enzymes. The main destinations of Canada exports on Enzymes were United States ($25.5M), Netherlands ($4.82M), Brazil ($2.18M), Germany ($1.46M), and Vietnam ($1.17M).

In 2022, Canada imported $210M in Enzymes, mainly from United States ($157M), Japan ($17.7M), China ($8.26M), Denmark ($6.03M), and Belgium ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Enzymes EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Netherlands$1.77M (58.3%)
Vietnam$613k (111%)
South Korea$475k (389%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Enzymes BY Canada WERE (2021 - 2022):
United States-$3.86M (-13.2%)
Australia-$1.01M (-65.8%)
Morocco-$354k (-80.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Enzymes were:
Denmark $1.54B
United States $1.02B
Netherlands $659M
In 2022, Canada's main importing competitors in Enzymes were:
United States $1.08B
Germany $605M
Netherlands $556M

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Trade Value of Enzymes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8M
TOP IMPORT POTENTIALChina+ $4.8M

Enzymes’s highest export potential is United States. With an export gap of $13.8M.   Enzymes’s highest import potential is China with an import gap of $4.8M.

See methodology.

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