Hot-Rolled Iron Bars in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $320M in Hot-Rolled Iron Bars, making it the 23rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 218th most exported product in Canada. The main destination of Hot-Rolled Iron Bars exports from Canada are: United States ($319M), India ($1.03M), Canada ($294k), Bermuda ($68.4k), and Pakistan ($45.5k).

The fastest growing export markets for Hot-Rolled Iron Bars of Canada between 2021 and 2022 were United States ($28.8M), India ($533k), and Bermuda ($68.4k).

Imports In 2022, Canada imported $323M in Hot-Rolled Iron Bars, becoming the 18th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 310th most imported product in Canada. Canada imports Hot-Rolled Iron Bars primarily from: Germany ($94M), Vietnam ($58.3M), United States ($54.5M), Turkey ($40.7M), and Mexico ($22.6M).

The fastest growing import markets in Hot-Rolled Iron Bars for Canada between 2021 and 2022 were Germany ($33.3M), Egypt ($11.2M), and China ($7.85M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron Bars from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Hot-Rolled Iron Bars exports accounted up to C$34.6M and imports accounted up to C$9.56M, resulting in a positive trade balance of C$25M. Between January 2023 and January 2024 the exports of Canada's Hot-Rolled Iron Bars have increased by C$3.19M (10.1%) from C$31.4M to C$34.6M, while imports decreased by C$-6.45M (-40.3%) from C$16M to C$9.56M.

Destinations In January 2024, Hot-Rolled Iron Bars were exported mostly to United States (C$34.6M), and were imported mostly from United States (C$5.34M), Germany (C$3.68M), Vietnam (C$262k), Canada (C$176k), and Spain (C$77.2k).

Growth In January 2024, the increase in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by an increase in exports to . In January 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-15.1M or -91.1%), Germany (C$-11.9M or -88.8%), and Vietnam (C$-5.11M or -44.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$3.19M(10.1%)

IMPORT GROWTH (January 2023 - January 2024)C$-6.45M(-40.3%)

MAIN EXPORTER (January 2024)OntarioC$24.1M

MAIN DESTINATION (January 2024)United StatesC$34.6M

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$320M

IMPORTS (2022)$323M

NET TRADE (2022)-$2.22M

In 2022, Canada exported $320M in Hot-Rolled Iron Bars. The main destinations of Canada exports on Hot-Rolled Iron Bars were United States ($319M), India ($1.03M), Canada ($294k), Bermuda ($68.4k), and Pakistan ($45.5k).

In 2022, Canada imported $323M in Hot-Rolled Iron Bars, mainly from Germany ($94M), Vietnam ($58.3M), United States ($54.5M), Turkey ($40.7M), and Mexico ($22.6M).

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