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2022
Exports $55.6MWorld Rnk 17 / 188
Flag Rnk 477 / 1210
2022
Destination $13.8M United States
2021 - 2022
FASTEST GROWING MARKET $13.8MUnited States
2022
PRODUCT COMPLEXITY IN Iron Chains1.44Rnk 65 / 1025
2022
Imports $260MWorld Rnk 3 / 222
Flag Rnk 358 / 1213
2022
Origin $30.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $30.9MChina
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $55.6M in Iron Chains, making it the 17th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 477th most exported product in Canada. The main destination of Iron Chains exports from Canada are: United States ($44.9M), Germany ($1.37M), New Zealand ($1.21M), Chile ($959k), and Finland ($808k).

The fastest growing export markets for Iron Chains of Canada between 2021 and 2022 were United States ($13.8M), New Zealand ($569k), and Germany ($508k).

Imports In 2022, Canada imported $260M in Iron Chains, becoming the 3rd largest importer of Iron Chains in the world. At the same year, Iron Chains was the 358th most imported product in Canada. Canada imports Iron Chains primarily from: United States ($107M), China ($96M), Japan ($14.1M), Germany ($9.29M), and Lithuania ($6.93M).

The fastest growing import markets in Iron Chains for Canada between 2021 and 2022 were China ($30.9M), United States ($16.1M), and Lithuania ($1.86M).

COMPANIES In 2023, leading companies such as Mazda (1) and Norwegian Cruise Line (1) were at the forefront of shipping Iron Chains from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Iron Chains exports accounted up to C$2.65M and imports accounted up to C$24.2M, resulting in a negative trade balance of C$21.6M. Between June 2023 and June 2024 the exports of Canada's   Iron Chains have increased by C$1.32M (99%) from C$1.33M to C$2.65M, while imports decreased by C$-10.2M (-29.6%) from C$34.4M to C$24.2M.

Destinations In June 2024, Iron Chains were exported mostly to United States (C$2.26M), Chile (C$190k), China (C$43.2k), Japan (C$41.8k), and New Zealand (C$27.7k), and were imported mostly from United States (C$9.67M), China (C$7.33M), Germany (C$1.3M), Japan (C$1.29M), and France (C$790k).

Growth In June 2024, the increase in Iron Chains's year-by-year exports was explained primarily by an increase in exports to United States (C$2.03M or 112%), United Kingdom (C$64.2k or 104%), and Australia (C$28.5k or 7.44k%). In June 2024, the decrease in Iron Chains's year-by-year imports was explained primarily by a decrease in imports from Japan (C$-1.37M or -50.7%), India (C$-237k or -71.1%), and Turkey (C$-137k or -94.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.32M(99%)
IMPORT GROWTH (June 2023 - June 2024)C$-10.2M(-29.6%)
MAIN EXPORTER (June 2024)British ColumbiaC$1.81M
MAIN DESTINATION (June 2024)United StatesC$2.26M

This section shows Iron Chains'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 Chains over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.6M
IMPORTS (2022)$260M
NET TRADE (2022)-$204M

In 2022, Canada exported $55.6M in Iron Chains. The main destinations of Canada exports on Iron Chains were United States ($44.9M), Germany ($1.37M), New Zealand ($1.21M), Chile ($959k), and Finland ($808k).

In 2022, Canada imported $260M in Iron Chains, mainly from United States ($107M), China ($96M), Japan ($14.1M), Germany ($9.29M), and Lithuania ($6.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13.8M (44.6%)
New Zealand$569k (88%)
Germany$508k (59%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Canada WERE (2021 - 2022):
United Kingdom-$692k (-49.5%)
Russia-$438k (-96.2%)
Vietnam-$391k (-96.6%)
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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 Chains were:
China $2.52B
Germany $905M
Japan $503M
In 2022, Canada's main importing competitors in Iron Chains were:
United States $827M
Germany $495M

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.1M
TOP IMPORT POTENTIALGermany+ $4.38M

Iron Chains’s highest export potential is United States. With an export gap of $13.1M.   Iron Chains’s highest import potential is Germany with an import gap of $4.38M.

See methodology.

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