Raw Iron Bars in Canada

EXPORTS (2018): $107M, World Rnk 39 / 145
Flag Rnk 348 / 1201

TOP DESTINATION (2018): $102M, United States

FASTEST GROWING MARKET (2017 - 2018): $666k, Mexico

IMPORTS (2018): $558M, World Rnk 5 / 215
Flag Rnk 145 / 1212

TOP ORIGIN (2018): $237M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $70.2M, Turkey

ECONOMIC COMPLEXITY of Canada (2018): 0.98, Rnk 25 / 137

PRODUCT COMPLEXITY  IN Raw Iron Bars (2018): -1.28, Rnk 892 / 1018

Overview: This page contains the latest trade data of Raw Iron Bars in Canada.

Exports: In 2018, Canada exported $107M in Raw Iron Bars, making it the 39th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 348th most exported product in Canada. The main destination of Raw Iron Bars exports from Canada are: United States ($102M), Mexico ($1.83M), Germany ($1.67M), India ($317k), and Brazil ($207k).

The fastest growing export markets for Raw Iron Bars of Canada between 2017 and 2018 were Mexico ($666k), Germany ($281k), and India ($95.7k).

Imports: In 2018, Canada imported $558M in Raw Iron Bars, becoming the 5th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 145th most imported product in Canada. Canada imports Raw Iron Bars primarily from: United States ($237M), Turkey ($177M), Singapore ($24.6M), Portugal ($23.6M), and Indonesia ($21.4M).

The fastest growing import markets in Raw Iron Bars for Canada between 2017 and 2018 were Turkey ($70.2M), Portugal ($23.6M), and Belarus ($13.2M).

Overview: In April 2020 Canada's Raw Iron Bars exports accounted up to C$17.9M and imports accounted up to C$47.3M, resulting in a negative trade balance of C$29.4M. Between April 2019 and April 2020 the exports of Canada's   Raw Iron Bars have increased by C$480k (2.76%) from C$17.4M to C$17.9M, while imports decreased by C$-16.2M (-25.5%) from C$63.5M to C$47.3M.

Destinations: In April 2020 Raw Iron Bars exported mostly to United States (C$17.8M), Poland (C$14.7k), Switzerland (C$12.1k), Jamaica (C$8.8k), and Saint Pierre and Miquelon (C$730), and imported mostly from United States (C$26.4M), Vietnam (C$18.4M), Taiwan (C$664k), Germany (C$589k), and Turkey (C$271k).

Growth: In April 2020, the increase in Raw Iron Bars's year-by-year exports was explained primarily by an increase in exports to United States (C$860k or 5.06%). In April 2020, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-11.1M or -99.2%), Italy (C$-7.95M or -99.1%), and Turkey (C$-2.87M or -91.4%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (April 2019 - April 2020): C$480k, (2.76%)

IMPORT GROWTH (April 2019 - April 2020): C$-16.2M, (-25.5%)

MAIN EXPORTER (April 2020): Quebec, C$8.96M

MAIN DESTINATION (April 2020): United States, C$17.8M

This section shows Raw Iron Bars'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 Raw Iron Bars over time.

Value

EXPORTS (2018): $107M

IMPORTS (2018): $558M

NET TRADE (2018): -$451M

In 2018, Canada exported $107M in Raw Iron Bars. The main destinations of Canada exports on Raw Iron Bars were United States ($102M), Mexico ($1.83M), Germany ($1.67M), India ($317k), and Brazil ($207k).

In 2018, Canada imported $558M in Raw Iron Bars, mainly from United States ($237M), Turkey ($177M), Singapore ($24.6M), Portugal ($23.6M), and Indonesia ($21.4M).

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IN 2018, Canada HAD A POSITIVE NET TRADE IN Raw Iron Bars WITH:

  • Bahamas, $82.6k ($82.6k - $0)
  • Pakistan, $60.7k ($60.7k - $0)
  • Antigua and Barbuda, $50.8k ($50.8k - $0)

IN 2018, Canada HAD A NEGATIVE NET TRADE IN Raw Iron Bars WITH:

  • Turkey, -$177M ($0 - $177M)
  • United States, -$135M ($102M - $237M)
  • Singapore, -$24.6M ($0 - $24.6M)
Flow

THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Canada WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Canada WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Canada's main exporting competitors in Raw Iron Bars were:

In 2018, Canada's main importing competitors in Raw Iron Bars were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Raw Iron Bars in Canada. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Raw Iron Bars in the imports of Canada were of 0% around the world.

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