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2022
Exports $1.21BWorld Rnk 18 / 222
Flag Rnk 76 / 1210
2022
Destination $215M United States
2021 - 2022
FASTEST GROWING MARKET $215MUnited States
2022
PRODUCT COMPLEXITY IN Other Iron Products0.8Rnk 243 / 1025
2022
Imports $1.66BWorld Rnk 10 / 225
Flag Rnk 72 / 1213
2022
Origin $77.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $77.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.21B in Other Iron Products, making it the 18th largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 76th most exported product in Canada. The main destination of Other Iron Products exports from Canada are: United States ($1.07B), Mexico ($29.2M), Canada ($18.3M), Germany ($11M), and South Korea ($9.42M).

The fastest growing export markets for Other Iron Products of Canada between 2021 and 2022 were United States ($215M), South Korea ($7.24M), and Mexico ($5.84M).

Imports In 2022, Canada imported $1.66B in Other Iron Products, becoming the 10th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 72nd most imported product in Canada. Canada imports Other Iron Products primarily from: United States ($891M), China ($370M), Mexico ($82.4M), India ($41.8M), and Chinese Taipei ($40.1M).

The fastest growing import markets in Other Iron Products for Canada between 2021 and 2022 were United States ($77.1M), China ($66.2M), and Mexico ($33M).

COMPANIES In 2023, leading companies such as Toyota (5) and Celebrity Cruises (1) were at the forefront of shipping Other Iron Products from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Other Iron Products exports accounted up to C$119M and imports accounted up to C$184M, resulting in a negative trade balance of C$65.3M. Between June 2023 and June 2024 the exports of Canada's   Other Iron Products have decreased by C$-17.6M (-12.9%) from C$136M to C$119M, while imports increased by C$14.5M (8.54%) from C$169M to C$184M.

Destinations In June 2024, Other Iron Products were exported mostly to United States (C$108M), Mexico (C$1.82M), Australia (C$1.61M), Thailand (C$1.5M), and Germany (C$1.45M), and were imported mostly from United States (C$93.6M), China (C$44.4M), Mexico (C$7.96M), Canada (C$4.67M), and Germany (C$4.61M).

Growth In June 2024, the decrease in Other Iron Products's year-by-year exports was explained primarily by a decrease in exports to Libya (C$-392k or -99.3%), Qatar (C$-283k or -99.2%), and China (C$-196k or -42.4%). In June 2024, the increase in Other Iron Products's year-by-year imports was explained primarily by an increase in imports from United States (C$12M or 14.7%), China (C$9.47M or 36.6%), and Mexico (C$2.36M or 40.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-17.6M(-12.9%)
IMPORT GROWTH (June 2023 - June 2024)C$14.5M(8.54%)
MAIN EXPORTER (June 2024)OntarioC$85.7M
MAIN DESTINATION (June 2024)United StatesC$108M

This section shows Other Iron Products'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 Other Iron Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.21B
IMPORTS (2022)$1.66B
NET TRADE (2022)-$448M

In 2022, Canada exported $1.21B in Other Iron Products. The main destinations of Canada exports on Other Iron Products were United States ($1.07B), Mexico ($29.2M), Canada ($18.3M), Germany ($11M), and South Korea ($9.42M).

In 2022, Canada imported $1.66B in Other Iron Products, mainly from United States ($891M), China ($370M), Mexico ($82.4M), India ($41.8M), and Chinese Taipei ($40.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$215M (25.2%)
South Korea$7.24M (331%)
Mexico$5.84M (25%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Canada WERE (2021 - 2022):
Australia-$3.91M (-38.9%)
Canada-$2.57M (-12.3%)
Russia-$2.22M (-94.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Other Iron Products were:
China $18.4B
Germany $6.21B
United States $5.56B
In 2022, Canada's main importing competitors in Other Iron Products were:
United States $8.99B
Germany $7.58B
Mexico $3.93B

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $213M
TOP IMPORT POTENTIALUnited States+ $101M

Other Iron Products’s highest export potential is United States. With an export gap of $213M.   Other Iron Products’s highest import potential is United States with an import gap of $101M.

See methodology.

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