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Export of Canola Oil from Canada
Canola Oil is categorized under HS code 151411 - Vegetable oils; low erucic acid rape or colza oil and its fractions, crude, and the data is presented accordingly.
Export overview
As of 2023, Canada ranked #1 in global exports of Canola Oil. Canada accounts for approximately 31.12% of the total global export value of Canola Oil, with an export value of 1,491,530,193 USD.
The top countries importing Canola Oil from Canada include World, China, United States, South Korea, Chile.
Export trend
Canada's export value of Canola Oil has increased by 34.9% over the past 5 years, rising from 1,105,657,382 USD in 2019 to 1,491,530,193 USD in 2023.
The export data for Canada Canola Oil is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 151411 - Vegetable oils; low erucic acid rape or colza oil and its fractions, crude, which covers a specific classification for Canola Oil and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Canola Oil in certain markets, as HS codes often encompass a broader range of similar products.
The export price of Canola Oil from Canada has shown an upward trend over the past two years. In 2023, the price ranged from 0.52 USD per kg to 2.95 USD per kg, while in 2024, it increased to a range of 0.96 USD per kg to 2.96 USD per kg.
Year
Year
Low price
Low price
High price
High price
2022
$0.28/kg
$2.97/kg
2023
$0.52/kg
$2.95/kg
2024
$0.96/kg
$2.96/kg
The export transaction data for Canada Canola Oil is sourced from Bill of Lading (B/L) documents and customs reports. Tridge ensures data accuracy through human oversight and AI, handling missing values, outliers, and standardizing currencies and units. Note that price trends may vary based on country, product variety, or timeframe.
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