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2022
Exports $332MWorld Rnk 18 / 177
Flag Rnk 215 / 1210
2022
Destination $117M United States
2021 - 2022
FASTEST GROWING MARKET $117MUnited States
2022
PRODUCT COMPLEXITY IN Iron Blocks-0.42Rnk 679 / 1025
2022
Imports $1.11BWorld Rnk 4 / 219
Flag Rnk 109 / 1213
2022
Origin $94.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $94.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $332M in Iron Blocks, making it the 18th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 215th most exported product in Canada. The main destination of Iron Blocks exports from Canada are: United States ($323M), Mexico ($7.16M), Cuba ($769k), Canada ($598k), and Netherlands ($114k).

The fastest growing export markets for Iron Blocks of Canada between 2021 and 2022 were United States ($117M), Mexico ($4.18M), and Canada ($173k).

Imports In 2022, Canada imported $1.11B in Iron Blocks, becoming the 4th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 109th most imported product in Canada. Canada imports Iron Blocks primarily from: United States ($492M), South Korea ($197M), United Kingdom ($67.8M), India ($67.2M), and Spain ($65.8M).

The fastest growing import markets in Iron Blocks for Canada between 2021 and 2022 were United States ($94.1M), India ($53.4M), and South Korea ($39.9M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Iron Blocks exports accounted up to C$22.6M and imports accounted up to C$82.7M, resulting in a negative trade balance of C$60M. Between August 2023 and August 2024 the exports of Canada's   Iron Blocks have decreased by C$-5.93M (-20.8%) from C$28.6M to C$22.6M, while imports decreased by C$-24.8M (-23.1%) from C$107M to C$82.7M.

Destinations In August 2024, Iron Blocks were exported mostly to United States (C$22.2M), Spain (C$273k), Mexico (C$114k), Saudi Arabia (C$4.56k), and India (C$688), and were imported mostly from United States (C$37.1M), Turkey (C$20.2M), South Korea (C$12.4M), China (C$4.85M), and Luxembourg (C$4.65M).

Growth In August 2024, the decrease in Iron Blocks's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-11.5M or -97.9%), Germany (C$-4.03M or -89.1%), and Netherlands (C$-2.53M or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-5.93M(-20.8%)
IMPORT GROWTH (August 2023 - August 2024)C$-24.8M(-23.1%)
MAIN EXPORTER (August 2024)OntarioC$25.3M
MAIN DESTINATION (August 2024)United StatesC$22.2M

This section shows Iron Blocks'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 Iron Blocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$332M
IMPORTS (2022)$1.11B
NET TRADE (2022)-$778M

In 2022, Canada exported $332M in Iron Blocks. The main destinations of Canada exports on Iron Blocks were United States ($323M), Mexico ($7.16M), Cuba ($769k), Canada ($598k), and Netherlands ($114k).

In 2022, Canada imported $1.11B in Iron Blocks, mainly from United States ($492M), South Korea ($197M), United Kingdom ($67.8M), India ($67.2M), and Spain ($65.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$117M (56.5%)
Mexico$4.18M (140%)
Canada$173k (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Canada WERE (2021 - 2022):
Guatemala-$416k (-100%)
United Kingdom-$294k (-82.9%)
Colombia-$152k (-58.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Iron Blocks were:
China $2.83B
Spain $2.24B
Germany $2.07B
In 2022, Canada's main importing competitors in Iron Blocks were:
Germany $1.51B
United States $1.37B
France $1.18B

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.4M
TOP IMPORT POTENTIALChina+ $18M

Iron Blocks’s highest export potential is United States. With an export gap of $22.4M.   Iron Blocks’s highest import potential is China with an import gap of $18M.

See methodology.

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