2022
Exports
$639MWorld Rnk 18 / 224
Flag Rnk 138 / 1210
2022
PRODUCT COMPLEXITY IN Iron Fasteners
1.68Rnk 27 / 1025
2022
Imports
$1.94BWorld Rnk 5 / 225
Flag Rnk 58 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $639M in Iron Fasteners, making it the 18th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 138th most exported product in Canada. The main destination of Iron Fasteners exports from Canada are: United States ($485M), Mexico ($28.8M), China ($26.8M), Canada ($22.8M), and Germany ($9.84M).

The fastest growing export markets for Iron Fasteners of Canada between 2021 and 2022 were United States ($72.3M), China ($16.1M), and Mexico ($4.43M).

Imports In 2022, Canada imported $1.94B in Iron Fasteners, becoming the 5th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 58th most imported product in Canada. Canada imports Iron Fasteners primarily from: United States ($1.06B), China ($305M), Chinese Taipei ($268M), Japan ($58.3M), and Vietnam ($39.6M).

The fastest growing import markets in Iron Fasteners for Canada between 2021 and 2022 were United States ($290M), China ($88.1M), and Chinese Taipei ($45.1M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (1) were at the forefront of shipping Iron Fasteners from Canada to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$2.58M(5.14%)
IMPORT GROWTH (June 2023 - June 2024)C$-9.95M(-4.21%)
MAIN EXPORTER (June 2024)OntarioC$37.7M
MAIN DESTINATION (June 2024)United StatesC$45.5M

This section shows Iron Fasteners'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 Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$639M
IMPORTS (2022)$1.94B
NET TRADE (2022)-$1.3B

In 2022, Canada exported $639M in Iron Fasteners. The main destinations of Canada exports on Iron Fasteners were United States ($485M), Mexico ($28.8M), China ($26.8M), Canada ($22.8M), and Germany ($9.84M).

In 2022, Canada imported $1.94B in Iron Fasteners, mainly from United States ($1.06B), China ($305M), Chinese Taipei ($268M), Japan ($58.3M), and Vietnam ($39.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$72.3M (17.5%)
China$16.1M (152%)
Mexico$4.43M (18.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Canada WERE (2021 - 2022):
Turkey-$775k (-28.1%)
Russia-$660k (-66%)
Mali-$242k (-92.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Iron Fasteners were:
In 2022, Canada's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $124M
TOP IMPORT POTENTIALChina+ $69.7M

Iron Fasteners’s highest export potential is United States. With an export gap of $124M.   Iron Fasteners’s highest import potential is China with an import gap of $69.7M.

See methodology.

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