Confectionery Sugar in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $590M in Confectionery Sugar, making it the 9th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 145th most exported product in Canada. The main destination of Confectionery Sugar exports from Canada are: United States ($579M), United Kingdom ($1.39M), Netherlands ($1.37M), China ($1.18M), and Australia ($1.17M).

The fastest growing export markets for Confectionery Sugar of Canada between 2021 and 2022 were United States ($107M), Netherlands ($1.15M), and Mexico ($511k).

Imports In 2022, Canada imported $553M in Confectionery Sugar, becoming the 5th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 208th most imported product in Canada. Canada imports Confectionery Sugar primarily from: United States ($326M), China ($51.9M), Germany ($34.6M), Spain ($25.5M), and Belgium ($12.9M).

The fastest growing import markets in Confectionery Sugar for Canada between 2021 and 2022 were United States ($37.9M), China ($9.96M), and Spain ($6.84M).

COMPANIES In 2023, leading companies such as WALMART INC (1) were at the forefront of shipping Confectionery Sugar from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Confectionery Sugar exports accounted up to C$70.5M and imports accounted up to C$73.4M, resulting in a negative trade balance of C$2.89M. Between February 2023 and February 2024 the exports of Canada's Confectionery Sugar have increased by C$1.29M (1.86%) from C$69.2M to C$70.5M, while imports increased by C$10.6M (16.9%) from C$62.8M to C$73.4M.

Destinations In February 2024, Confectionery Sugar were exported mostly to United States (C$69.3M), Netherlands (C$663k), United Kingdom (C$187k), Australia (C$101k), and Singapore (C$33k), and were imported mostly from United States (C$42.4M), China (C$9.08M), Spain (C$3.44M), Mexico (C$2.72M), and Germany (C$2.67M).

Growth In February 2024, the increase in Confectionery Sugar's year-by-year exports was explained primarily by an increase in exports to United States (C$16.7M or 35.4%), Netherlands (C$259k or 1.54k%), and Australia (C$208k or 842%). In February 2024, the increase in Confectionery Sugar's year-by-year imports was explained primarily by an increase in imports from United States (C$13.4M or 56.3%), China (C$2.73M or 66.2%), and Germany (C$1.82M or 133%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$1.29M(1.86%)

IMPORT GROWTH (February 2023 - February 2024)C$10.6M(16.9%)

MAIN EXPORTER (February 2024)OntarioC$39.4M

MAIN DESTINATION (February 2024)United StatesC$69.3M

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$590M

IMPORTS (2022)$553M

NET TRADE (2022)$37.8M

In 2022, Canada exported $590M in Confectionery Sugar. The main destinations of Canada exports on Confectionery Sugar were United States ($579M), United Kingdom ($1.39M), Netherlands ($1.37M), China ($1.18M), and Australia ($1.17M).

In 2022, Canada imported $553M in Confectionery Sugar, mainly from United States ($326M), China ($51.9M), Germany ($34.6M), Spain ($25.5M), and Belgium ($12.9M).

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