Rapeseed in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $4.38B in Rapeseed, making it the 2nd largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 21st most exported product in Canada. The main destination of Rapeseed exports from Canada are: China ($1.68B), Japan ($1.06B), Mexico ($876M), United States ($263M), and Pakistan ($184M).

The fastest growing export markets for Rapeseed of Canada between 2021 and 2022 were China ($284M), United States ($31M), and Mexico ($14.7M).

Imports In 2022, Canada imported $123M in Rapeseed, becoming the 18th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 529th most imported product in Canada. Canada imports Rapeseed primarily from: United States ($98.3M), Chile ($22.9M), Australia ($1.13M), Canada ($196k), and France ($52k).

The fastest growing import markets in Rapeseed for Canada between 2021 and 2022 were Chile ($12.6M), United States ($11.2M), and France ($48.2k).

Latest Trends

February 2024

About

Overview In February 2024 Canada's Rapeseed exports accounted up to C$269M and imports accounted up to C$9.72M, resulting in a positive trade balance of C$259M. Between February 2023 and February 2024 the exports of Canada's Rapeseed have decreased by C$-415M (-60.7%) from C$684M to C$269M, while imports decreased by C$-11.1M (-53.3%) from C$20.8M to C$9.72M.

Destinations In February 2024, Rapeseed were exported mostly to China (C$162M), Belgium (C$41.5M), United States (C$32.5M), United Arab Emirates (C$25.9M), and Japan (C$5.8M), and were imported mostly from United States (C$9.71M), Australia (C$7.14k), Chile (C$134), Canada (C$100), and France (C$1).

Growth In February 2024, the decrease in Rapeseed's year-by-year exports was explained primarily by a decrease in exports to Japan (C$-103M or -47.1%), Mexico (C$-28.3M or -27.6%), and Indonesia (C$-202k or -68.9%). In February 2024, the decrease in Rapeseed's year-by-year imports was explained primarily by a decrease in imports from Germany (C$-31.8k or -99.5%), Australia (C$-610 or -68.9%), and Canada (C$-168 or -91.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-415M(-60.7%)

IMPORT GROWTH (February 2023 - February 2024)C$-11.1M(-53.3%)

MAIN EXPORTER (February 2024)SaskatchewanC$182M

MAIN DESTINATION (February 2024)ChinaC$162M

This section shows Rapeseed'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 Rapeseed over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.38B

IMPORTS (2022)$123M

NET TRADE (2022)$4.25B

In 2022, Canada exported $4.38B in Rapeseed. The main destinations of Canada exports on Rapeseed were China ($1.68B), Japan ($1.06B), Mexico ($876M), United States ($263M), and Pakistan ($184M).

In 2022, Canada imported $123M in Rapeseed, mainly from United States ($98.3M), Chile ($22.9M), Australia ($1.13M), Canada ($196k), and France ($52k).

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