Processed Fish in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $181M in Processed Fish, making it the 22nd largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 304th most exported product in Canada. The main destination of Processed Fish exports from Canada are: United States ($116M), United Kingdom ($30.4M), Jamaica ($10.1M), Australia ($4.05M), and Barbados ($3.08M).

The fastest growing export markets for Processed Fish of Canada between 2021 and 2022 were United Kingdom ($15.8M), United States ($13.6M), and Jamaica ($2.03M).

Imports In 2022, Canada imported $456M in Processed Fish, becoming the 11th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 241st most imported product in Canada. Canada imports Processed Fish primarily from: United States ($167M), Thailand ($142M), China ($34.8M), Italy ($26.9M), and Vietnam ($16.3M).

The fastest growing import markets in Processed Fish for Canada between 2021 and 2022 were Thailand ($15.9M), United States ($12.2M), and Ecuador ($7.21M).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Processed Fish exports accounted up to C$18.7M and imports accounted up to C$40M, resulting in a negative trade balance of C$21.3M. Between February 2023 and February 2024 the exports of Canada's Processed Fish have increased by C$7.46M (66.4%) from C$11.2M to C$18.7M, while imports decreased by C$-1.04M (-2.52%) from C$41M to C$40M.

Destinations In February 2024, Processed Fish were exported mostly to United States (C$13.4M), Jamaica (C$1.74M), Netherlands (C$793k), Germany (C$706k), and Finland (C$480k), and were imported mostly from Thailand (C$16.9M), United States (C$9.34M), Italy (C$3.47M), China (C$2.42M), and Vietnam (C$1.53M).

Growth In February 2024, the increase in Processed Fish's year-by-year exports was explained primarily by an increase in exports to United States (C$1.33M or 12.6%), Fiji (C$42k or 25.9%), and Saint Vincent and the Grenadines (C$28.2k or 138%). In February 2024, the decrease in Processed Fish's year-by-year imports was explained primarily by a decrease in imports from United States (C$-1.23M or -11.6%), United Kingdom (C$-877k or -100%), and Norway (C$-566k or -71%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$7.46M(66.4%)

IMPORT GROWTH (February 2023 - February 2024)C$-1.04M(-2.52%)

MAIN EXPORTER (February 2024)Nova ScotiaC$8.81M

MAIN DESTINATION (February 2024)United StatesC$13.4M

This section shows Processed Fish'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 Processed Fish over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$181M

IMPORTS (2022)$456M

NET TRADE (2022)-$275M

In 2022, Canada exported $181M in Processed Fish. The main destinations of Canada exports on Processed Fish were United States ($116M), United Kingdom ($30.4M), Jamaica ($10.1M), Australia ($4.05M), and Barbados ($3.08M).

In 2022, Canada imported $456M in Processed Fish, mainly from United States ($167M), Thailand ($142M), China ($34.8M), Italy ($26.9M), and Vietnam ($16.3M).

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