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2022
Exports $906MWorld Rnk 12 / 120
Flag Rnk 102 / 1210
2022
Destination $54.6M United States
2021 - 2022
FASTEST GROWING MARKET $54.6MUnited States
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $1.19BWorld Rnk 13 / 201
Flag Rnk 98 / 1213
2022
Origin $237M United States
2021 - 2022
FASTEST GROWING ORIGIN $237MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $906M in Flat Flat-Rolled Steel, making it the 12th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 102nd most exported product in Canada. The main destination of Flat Flat-Rolled Steel exports from Canada are: United States ($836M), Mexico ($59.8M), Canada ($4.75M), Pakistan ($2.77M), and Chinese Taipei ($661k).

The fastest growing export markets for Flat Flat-Rolled Steel of Canada between 2021 and 2022 were United States ($54.6M), Mexico ($15.7M), and Chinese Taipei ($649k).

Imports In 2022, Canada imported $1.19B in Flat Flat-Rolled Steel, becoming the 13th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 98th most imported product in Canada. Canada imports Flat Flat-Rolled Steel primarily from: United States ($781M), Japan ($81.9M), Sweden ($50.2M), South Korea ($48.3M), and China ($46.2M).

The fastest growing import markets in Flat Flat-Rolled Steel for Canada between 2021 and 2022 were United States ($237M), Japan ($28.2M), and China ($22.7M).

Latest Trends

October 2024

About

Overview In October 2024 Canada's Flat Flat-Rolled Steel exports accounted up to C$98.9M and imports accounted up to C$137M, resulting in a negative trade balance of C$38.2M. Between October 2023 and October 2024 the exports of Canada's   Flat Flat-Rolled Steel have increased by C$10.6M (12%) from C$88.3M to C$98.9M, while imports increased by C$21.6M (18.7%) from C$116M to C$137M.

Destinations In October 2024, Flat Flat-Rolled Steel were exported mostly to United States (C$88.1M), Mexico (C$10.8M), and Japan (C$84.7k), and were imported mostly from United States (C$73.2M), China (C$14M), South Korea (C$11.8M), Japan (C$11M), and Germany (C$8.82M).

Growth In October 2024, the increase in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by an increase in exports to Mexico (C$1.01M or 61.7%) and Japan (C$70.4k or 3.07k%). In October 2024, the increase in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by an increase in imports from United States (C$21M or 30%), China (C$16.9M or 2.56k%), and Czechia (C$1.5M or 221k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$10.6M(12%)
IMPORT GROWTH (October 2023 - October 2024)C$21.6M(18.7%)
MAIN EXPORTER (October 2024)OntarioC$111M
MAIN DESTINATION (October 2024)United StatesC$88.1M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$906M
IMPORTS (2022)$1.19B
NET TRADE (2022)-$283M

In 2022, Canada exported $906M in Flat Flat-Rolled Steel. The main destinations of Canada exports on Flat Flat-Rolled Steel were United States ($836M), Mexico ($59.8M), Canada ($4.75M), Pakistan ($2.77M), and Chinese Taipei ($661k).

In 2022, Canada imported $1.19B in Flat Flat-Rolled Steel, mainly from United States ($781M), Japan ($81.9M), Sweden ($50.2M), South Korea ($48.3M), and China ($46.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$54.6M (7%)
Mexico$15.7M (35.5%)
Chinese Taipei$649k (5.54k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Canada WERE (2021 - 2022):
Japan-$295k (-41.1%)
Pakistan-$265k (-8.73%)
China-$200k (-80.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, Canada's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $16.5M
TOP IMPORT POTENTIALChina+ $36.8M

Flat Flat-Rolled Steel’s highest export potential is Mexico. With an export gap of $16.5M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $36.8M.

See methodology.

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