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2022
Exports $59MWorld Rnk 20 / 109
Flag Rnk 468 / 1210
2022
Destination $3.16M United States
2021 - 2022
FASTEST GROWING MARKET $3.16MCanada
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron1.12Rnk 129 / 1025
2022
Imports $236MWorld Rnk 7 / 182
Flag Rnk 368 / 1213
2022
Origin $55.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $55.2MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $59M in Flat-Rolled Iron, making it the 20th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 468th most exported product in Canada. The main destination of Flat-Rolled Iron exports from Canada are: United States ($52.8M), Canada ($3.66M), India ($475k), Saint Kitts and Nevis ($454k), and Peru ($351k).

The fastest growing export markets for Flat-Rolled Iron of Canada between 2021 and 2022 were Canada ($3.16M), India ($475k), and Saint Kitts and Nevis ($358k).

Imports In 2022, Canada imported $236M in Flat-Rolled Iron, becoming the 7th largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 368th most imported product in Canada. Canada imports Flat-Rolled Iron primarily from: United States ($195M), Japan ($7.7M), Germany ($5.78M), Italy ($4.65M), and Austria ($4.51M).

The fastest growing import markets in Flat-Rolled Iron for Canada between 2021 and 2022 were United States ($55.2M), Canada ($3.16M), and Austria ($3.15M).

Latest Trends

October 2024

About

Overview In October 2024 Canada's Flat-Rolled Iron exports accounted up to C$6.64M and imports accounted up to C$28.1M, resulting in a negative trade balance of C$21.5M. Between October 2023 and October 2024 the exports of Canada's   Flat-Rolled Iron have increased by C$1.43M (27.5%) from C$5.21M to C$6.64M, while imports decreased by C$-4.83M (-14.6%) from C$33M to C$28.1M.

Destinations In October 2024, Flat-Rolled Iron were exported mostly to United States (C$5.89M), Mexico (C$344k), China (C$282k), Hong Kong (C$69.3k), and Brazil (C$29k), and were imported mostly from United States (C$24.2M), China (C$799k), Netherlands (C$751k), Italy (C$750k), and Japan (C$447k).

Growth In October 2024, the increase in Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to United States (C$294k or 4.83%). In October 2024, the decrease in Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-2.15M or -100%), Mexico (C$-132k or -49.3%), and Sweden (C$-39k or -65.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)C$1.43M(27.5%)
IMPORT GROWTH (October 2023 - October 2024)C$-4.83M(-14.6%)
MAIN EXPORTER (October 2024)OntarioC$6.95M
MAIN DESTINATION (October 2024)United StatesC$5.89M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$59M
IMPORTS (2022)$236M
NET TRADE (2022)-$177M

In 2022, Canada exported $59M in Flat-Rolled Iron. The main destinations of Canada exports on Flat-Rolled Iron were United States ($52.8M), Canada ($3.66M), India ($475k), Saint Kitts and Nevis ($454k), and Peru ($351k).

In 2022, Canada imported $236M in Flat-Rolled Iron, mainly from United States ($195M), Japan ($7.7M), Germany ($5.78M), Italy ($4.65M), and Austria ($4.51M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$3.16M (633%)
India$475k (1.03M%)
Saint Kitts and Nevis$358k (373%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY Canada WERE (2021 - 2022):
United States-$18.4M (-25.9%)
Saint Lucia-$541k (-100%)
Poland-$378k (-94.8%)
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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-Rolled Iron were:
Germany $1.13B
Austria $640M
China $464M
In 2022, Canada's main importing competitors in Flat-Rolled Iron were:
Germany $587M
China $369M
United States $283M

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.5M
TOP IMPORT POTENTIALGermany+ $4.46M

Flat-Rolled Iron’s highest export potential is United States. With an export gap of $1.5M.   Flat-Rolled Iron’s highest import potential is Germany with an import gap of $4.46M.

See methodology.

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