Coated Flat-Rolled Iron in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $1.56B in Coated Flat-Rolled Iron, making it the 13th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 60th most exported product in Canada. The main destination of Coated Flat-Rolled Iron exports from Canada are: United States ($1.45B), Canada ($46.3M), Mexico ($32.4M), Bangladesh ($12.3M), and Italy ($3.87M).

The fastest growing export markets for Coated Flat-Rolled Iron of Canada between 2021 and 2022 were United States ($206M), Mexico ($16.3M), and Canada ($8.45M).

Imports In 2022, Canada imported $1.47B in Coated Flat-Rolled Iron, becoming the 11th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 81st most imported product in Canada. Canada imports Coated Flat-Rolled Iron primarily from: United States ($724M), Chinese Taipei ($118M), South Korea ($114M), Vietnam ($113M), and China ($105M).

The fastest growing import markets in Coated Flat-Rolled Iron for Canada between 2021 and 2022 were United States ($107M), Turkey ($12.7M), and Canada ($8.45M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Coated Flat-Rolled Iron from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Coated Flat-Rolled Iron exports accounted up to C$159M and imports accounted up to C$178M, resulting in a negative trade balance of C$19.1M. Between January 2023 and January 2024 the exports of Canada's Coated Flat-Rolled Iron have decreased by C$-5.32M (-3.23%) from C$165M to C$159M, while imports increased by C$62M (53.2%) from C$116M to C$178M.

Destinations In January 2024, Coated Flat-Rolled Iron were exported mostly to United States (C$154M), Mexico (C$4.01M), Bangladesh (C$769k), Pakistan (C$567k), and Italy (C$306k), and were imported mostly from United States (C$103M), South Korea (C$25.7M), Taiwan (C$13.9M), Turkey (C$6.5M), and Egypt (C$6.18M).

Growth In January 2024, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to United States (C$-2.04M or -1.27%). In January 2024, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from United States (C$14.3M or 20.4%), Australia (C$4.69M or 5.27k%), and Japan (C$1.48M or 129%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-5.32M(-3.23%)

IMPORT GROWTH (January 2023 - January 2024)C$62M(53.2%)

MAIN DESTINATION (January 2024)United StatesC$154M

This section shows Coated Flat-Rolled Iron'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 Coated Flat-Rolled Iron over time.

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