Ferroalloys in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $588M in Ferroalloys, making it the 15th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 146th most exported product in Canada. The main destination of Ferroalloys exports from Canada are: United States ($338M), Netherlands ($98.5M), Mexico ($24.4M), Germany ($23.6M), and Finland ($21.7M).

The fastest growing export markets for Ferroalloys of Canada between 2021 and 2022 were United States ($164M), Mexico ($10M), and United Kingdom ($8.28M).

Imports In 2022, Canada imported $590M in Ferroalloys, becoming the 18th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 192nd most imported product in Canada. Canada imports Ferroalloys primarily from: United States ($133M), India ($98.9M), Norway ($91.4M), Brazil ($49.4M), and China ($29.8M).

The fastest growing import markets in Ferroalloys for Canada between 2021 and 2022 were India ($49.9M), China ($19.3M), and United States ($15.1M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Ferroalloys from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Ferroalloys exports accounted up to C$60.6M and imports accounted up to C$61.9M, resulting in a negative trade balance of C$1.28M. Between January 2023 and January 2024 the exports of Canada's Ferroalloys have increased by C$14.4M (31.2%) from C$46.2M to C$60.6M, while imports increased by C$21.2M (52%) from C$40.7M to C$61.9M.

Destinations In January 2024, Ferroalloys were exported mostly to United States (C$37.7M), Netherlands (C$11.6M), China (C$3.87M), United Arab Emirates (C$3.27M), and South Africa (C$1.78M), and were imported mostly from New Caledonia (C$37.3M), India (C$4.5M), United States (C$4.12M), Brazil (C$2.73M), and Chile (C$2.05M).

Growth In January 2024, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to United States (C$15M or 62.2%), China (C$1.51M or 418%), and Spain (C$149k or 20.4%). In January 2024, the increase in Ferroalloys's year-by-year imports was explained primarily by an increase in imports from Chile (C$3.64M or 199%), Czechia (C$3M or 423%), and India (C$2.1M or 40.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$14.4M(31.2%)

IMPORT GROWTH (January 2023 - January 2024)C$21.2M(52%)

MAIN EXPORTER (January 2024)QuebecC$51.1M

MAIN DESTINATION (January 2024)United StatesC$37.7M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$588M

IMPORTS (2022)$590M

NET TRADE (2022)-$1.73M

In 2022, Canada exported $588M in Ferroalloys. The main destinations of Canada exports on Ferroalloys were United States ($338M), Netherlands ($98.5M), Mexico ($24.4M), Germany ($23.6M), and Finland ($21.7M).

In 2022, Canada imported $590M in Ferroalloys, mainly from United States ($133M), India ($98.9M), Norway ($91.4M), Brazil ($49.4M), and China ($29.8M).

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