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2022
Exports $57.5MWorld Rnk 12 / 176
Flag Rnk 471 / 1210
2022
Destination $15.6M United States
2021 - 2022
FASTEST GROWING MARKET $15.6MUnited States
2022
PRODUCT COMPLEXITY IN Honey-1.08Rnk 851 / 1025
2022
Imports $59.2MWorld Rnk 12 / 209
Flag Rnk 666 / 1213
2022
Origin $5.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $5.9MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $57.5M in Honey, making it the 12th largest exporter of Honey in the world. At the same year, Honey was the 471st most exported product in Canada. The main destination of Honey exports from Canada are: United States ($29.9M), Japan ($24.5M), China ($972k), South Korea ($847k), and Hong Kong ($364k).

The fastest growing export markets for Honey of Canada between 2021 and 2022 were United States ($15.6M), Japan ($3.79M), and China ($608k).

Imports In 2022, Canada imported $59.2M in Honey, becoming the 12th largest importer of Honey in the world. At the same year, Honey was the 666th most imported product in Canada. Canada imports Honey primarily from: United States ($17.7M), Brazil ($11.2M), New Zealand ($11M), Australia ($3.82M), and India ($2.43M).

The fastest growing import markets in Honey for Canada between 2021 and 2022 were United States ($5.9M), New Zealand ($2.83M), and Australia ($1.04M).

COMPANIES In 2023, leading companies such as Costco Wholesale (1) were at the forefront of shipping Honey from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Honey exports accounted up to C$4.72M and imports accounted up to C$4.5M, resulting in a positive trade balance of C$225k. Between August 2023 and August 2024 the exports of Canada's   Honey have decreased by C$-139k (-2.87%) from C$4.86M to C$4.72M, while imports increased by C$310k (7.4%) from C$4.19M to C$4.5M.

Destinations In August 2024, Honey were exported mostly to United States (C$3.17M), Japan (C$1.13M), South Korea (C$317k), India (C$68.4k), and China (C$12.8k), and were imported mostly from Brazil (C$1.15M), New Zealand (C$857k), India (C$642k), United States (C$396k), and Argentina (C$347k).

Growth In August 2024, the decrease in Honey's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-564k or -20.8%) and China (C$-10.9k or -81%). In August 2024, the increase in Honey's year-by-year imports was explained primarily by an increase in imports from New Zealand (C$1.59M or 185%), Spain (C$389k or 125k%), and India (C$327k or 276%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-139k(-2.87%)
IMPORT GROWTH (August 2023 - August 2024)C$310k(7.4%)
MAIN EXPORTER (August 2024)ManitobaC$4.57M
MAIN DESTINATION (August 2024)United StatesC$3.17M

This section shows Honey'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 Honey over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.5M
IMPORTS (2022)$59.2M
NET TRADE (2022)-$1.71M

In 2022, Canada exported $57.5M in Honey. The main destinations of Canada exports on Honey were United States ($29.9M), Japan ($24.5M), China ($972k), South Korea ($847k), and Hong Kong ($364k).

In 2022, Canada imported $59.2M in Honey, mainly from United States ($17.7M), Brazil ($11.2M), New Zealand ($11M), Australia ($3.82M), and India ($2.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Honey EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$15.6M (109%)
Japan$3.79M (18.3%)
China$608k (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Honey BY Canada WERE (2021 - 2022):
Canada-$150k (-87.3%)
Belgium-$40.6k (-99.9%)
Bangladesh-$20.5k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Honey were:
New Zealand $273M
China $267M
Argentina $252M
In 2022, Canada's main importing competitors in Honey were:
United States $745M
Germany $317M
Japan $160M

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Trade Value of Honey by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.6M
TOP IMPORT POTENTIALIndia+ $2.15M

Honey’s highest export potential is United States. With an export gap of $14.6M.   Honey’s highest import potential is India with an import gap of $2.15M.

See methodology.

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