Electric Furnaces in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $58.9M in Electric Furnaces, making it the 19th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 469th most exported product in Canada. The main destination of Electric Furnaces exports from Canada are: United States ($31.1M), Thailand ($2.44M), Italy ($2.1M), Indonesia ($2M), and Netherlands ($1.64M).

The fastest growing export markets for Electric Furnaces of Canada between 2021 and 2022 were Thailand ($2.01M), Italy ($1.87M), and Indonesia ($1.44M).

Imports In 2022, Canada imported $110M in Electric Furnaces, becoming the 17th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 545th most imported product in Canada. Canada imports Electric Furnaces primarily from: United States ($60M), Italy ($11.7M), Germany ($9.19M), China ($7.17M), and United Kingdom ($4.34M).

The fastest growing import markets in Electric Furnaces for Canada between 2021 and 2022 were United States ($11.2M), Italy ($2.46M), and Thailand ($2.16M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (356) were at the forefront of shipping Electric Furnaces from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Electric Furnaces exports accounted up to C$4.2M and imports accounted up to C$29.7M, resulting in a negative trade balance of C$25.5M. Between January 2023 and January 2024 the exports of Canada's Electric Furnaces have decreased by C$-3.17M (-43%) from C$7.37M to C$4.2M, while imports increased by C$19.4M (190%) from C$10.2M to C$29.7M.

Destinations In January 2024, Electric Furnaces were exported mostly to United States (C$3.28M), Netherlands (C$267k), Japan (C$218k), Australia (C$73.2k), and Philippines (C$66.4k), and were imported mostly from South Korea (C$15.2M), United States (C$8.07M), Italy (C$2.71M), Poland (C$1.25M), and Germany (C$686k).

Growth In January 2024, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to New Zealand (C$-399k or -97.2%), France (C$-136k or -83.3%), and United Kingdom (C$-65k or -65.2%). In January 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Italy (C$2.02M or 270%), United States (C$1.44M or 40.8%), and Thailand (C$120k or 924%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-3.17M(-43%)

IMPORT GROWTH (January 2023 - January 2024)C$19.4M(190%)

MAIN EXPORTER (January 2024)OntarioC$1.89M

MAIN DESTINATION (January 2024)United StatesC$3.28M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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