2023
Exports
$485MWorld Rnk 16 / 126
Flag Rnk 171 / 1212
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$374MWorld Rnk 20 / 171
Flag Rnk 260 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $485M in Ferroalloys, making it the 16th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 171st most exported product in Canada. The main destination of Ferroalloys exports from Canada are: United States ($290M), Germany ($32.8M), Netherlands ($31.7M), China ($26.1M), and Mexico ($21.9M).

The fastest growing export markets for Ferroalloys of Canada between 2022 and 2023 were China ($14.8M), Germany ($9.16M), and United Arab Emirates ($5.75M).

Imports In 2023, Canada imported $374M in Ferroalloys, becoming the 20th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 260th most imported product in Canada. Canada imports Ferroalloys primarily from: India ($73.7M), Norway ($46.5M), United States ($43.3M), Chile ($34.6M), and Brazil ($30.2M).

The fastest growing import markets in Ferroalloys for Canada between 2022 and 2023 were New Caledonia ($23.8M), South Korea ($14.1M), and Chile ($8.5M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-10.9M(-24.7%)
IMPORT GROWTH (November 2023 - November 2024)C$17.6M(53.6%)
MAIN EXPORTER (November 2024)QuebecC$52.8M
MAIN DESTINATION (November 2024)United StatesC$25.8M

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
EXPORTS (2023)$485M
IMPORTS (2023)$374M
NET TRADE (2023)$111M

In 2023, Canada exported $485M in Ferroalloys. The main destinations of Canada exports on Ferroalloys were United States ($290M), Germany ($32.8M), Netherlands ($31.7M), China ($26.1M), and Mexico ($21.9M).

In 2023, Canada imported $374M in Ferroalloys, mainly from India ($73.7M), Norway ($46.5M), United States ($43.3M), Chile ($34.6M), and Brazil ($30.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Canada WERE (2022 - 2023):
China$14.8M (131%)
Germany$9.16M (38.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Canada WERE (2022 - 2023):
United States-$34.3M (-10.6%)
Finland-$21.6M (-99.8%)
Netherlands-$4.21M (-11.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Ferroalloys were:
In 2023, Canada's main importing competitors in Ferroalloys were:

Explore Visualizations

Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $163M
TOP IMPORT POTENTIALIndia+ $25.8M

Ferroalloys’s highest export potential is United States. With an export gap of $163M.   Ferroalloys’s highest import potential is India with an import gap of $25.8M.

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