Baked Goods in Canada | The Observatory of Economic Complexity

About

The fastest growing export markets for Baked Goods of Canada between 2021 and 2022 were United States ($938M), Mexico ($29.1M), and Australia ($1.19M).

Imports In 2022, Canada imported $1.99B in Baked Goods, becoming the 5th largest importer of Baked Goods in the world. At the same year, Baked Goods was the 57th most imported product in Canada. Canada imports Baked Goods primarily from: United States ($1.5B), Italy ($65M), Mexico ($59.4M), France ($34.6M), and United Kingdom ($32.7M).

The fastest growing import markets in Baked Goods for Canada between 2021 and 2022 were United States ($208M), Mexico ($8.05M), and Italy ($6.41M).

COMPANIES In 2023, leading companies such as COSTCO WHOLESALE COPRORATION (29) and WALMART INC (4) were at the forefront of shipping Baked Goods from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Baked Goods exports accounted up to C$556M and imports accounted up to C$224M, resulting in a positive trade balance of C$332M. Between February 2023 and February 2024 the exports of Canada's Baked Goods have increased by C$58M (11.6%) from C$498M to C$556M, while imports increased by C$25.7M (12.9%) from C$198M to C$224M.

Destinations In February 2024, Baked Goods were exported mostly to United States (C$541M), Mexico (C$4.34M), United Kingdom (C$4.08M), South Korea (C$930k), and Ireland (C$744k), and were imported mostly from United States (C$162M), Mexico (C$9.16M), Italy (C$6.98M), Germany (C$5.95M), and India (C$4.7M).

Growth In February 2024, the increase in Baked Goods's year-by-year exports was explained primarily by an increase in exports to United States (C$146M or 37.4%), United Kingdom (C$1.21M or 46.8%), and Chile (C$215k or 189%). In February 2024, the increase in Baked Goods's year-by-year imports was explained primarily by an increase in imports from United States (C$40.2M or 35.6%), Mexico (C$3.92M or 101%), and Thailand (C$2.02M or 242%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$58M(11.6%)

IMPORT GROWTH (February 2023 - February 2024)C$25.7M(12.9%)

MAIN EXPORTER (February 2024)OntarioC$481M

MAIN DESTINATION (February 2024)United StatesC$541M

This section shows Baked Goods'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 Baked Goods over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.75B

IMPORTS (2022)$1.99B

NET TRADE (2022)$2.76B

In 2022, Canada imported $1.99B in Baked Goods, mainly from United States ($1.5B), Italy ($65M), Mexico ($59.4M), France ($34.6M), and United Kingdom ($32.7M).

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