Iron Ore in 
Canada
2020 Exports | Imports : $5.73B | $568M, World Rnk 3 / 115 Rnk 11 / 1208 | World Rnk 21 / 124 Rnk 152 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.05B | $212k, China | China
Exports In 2020, Canada exported $5.73B in Iron Ore, making it the 3rd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 11th most exported product in Canada. The main destination of Iron Ore exports from Canada are: China ($2.09B), Japan ($612M), Germany ($491M), France ($489M), and South Korea ($311M).
The fastest growing export markets for Iron Ore of Canada between 2019 and 2020 were China ($1.05B), Germany ($202M), and United Kingdom ($64.4M).
Imports In 2020, Canada imported $568M in Iron Ore, becoming the 21st largest importer of Iron Ore in the world. At the same year, Iron Ore was the 152nd most imported product in Canada. Canada imports Iron Ore primarily from: United States ($563M), Australia ($2.71M), Sweden ($2.57M), China ($213k), and Gabon ($30.3k).
The fastest growing import markets in Iron Ore for Canada between 2019 and 2020 were China ($212k), Gabon ($30.3k), and Burkina Faso ($8.05k).
Latest Trends
#permalink to sectionApril 2022
Overview In April 2022 Canada's Iron Ore exports accounted up to C$775M and imports accounted up to C$60.8M, resulting in a positive trade balance of C$714M. Between April 2021 and April 2022 the exports of Canada's Iron Ore have increased by C$139M (22%) from C$635M to C$775M, while imports decreased by C$-14.5M (-19.2%) from C$75.3M to C$60.8M.
Destinations In April 2022, Iron Ore were exported mostly to China (C$276M), Japan (C$113M), Netherlands (C$68.7M), Algeria (C$66.4M), and South Korea (C$51.9M), and were imported mostly from United States (C$60.8M), Guyana (C$59), Brazil (C$14), and Mauritania (C$13).
Growth In April 2022, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Netherlands (C$121M or 317%), China (C$69.2M or 70.8%), and Taiwan (C$46.1M or 690%). In April 2022, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from United States (C$-29.6M or -54.2%).
Subnational Monthly Trade
#permalink to sectionEXPORT GROWTH (April 2021 - April 2022): C$139M, (22%)
IMPORT GROWTH (April 2021 - April 2022): C$-14.5M, (-19.2%)
MAIN EXPORTER (April 2022): Quebec, C$484M
MAIN DESTINATION (April 2022): China, C$276M
This section shows Iron Ore'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 Ore over time.
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Historical Data
#permalink to sectionTrade Balance
#permalink to sectionEXPORTS (2020): $5.73B
IMPORTS (2020): $568M
NET TRADE (2020): $5.16B
In 2020, Canada exported $5.73B in Iron Ore. The main destinations of Canada exports on Iron Ore were China ($2.09B), Japan ($612M), Germany ($491M), France ($489M), and South Korea ($311M).
In 2020, Canada imported $568M in Iron Ore, mainly from United States ($563M), Australia ($2.71M), Sweden ($2.57M), China ($213k), and Gabon ($30.3k).
Net Trade
#permalink to sectionIN 2020, Canada HAD A POSITIVE NET TRADE IN Iron Ore WITH:
- China , $2.09B ($2.09B - $213k)
- France , $489M ($489M - $101)
- Netherlands , $293M ($293M - $23)
IN 2020, Canada HAD A NEGATIVE NET TRADE IN Iron Ore WITH:
- United States , -$388M ($175M - $563M)
- Australia , -$2.69M ($16.2k - $2.71M)
- Brazil , -$631 ($15 - $646)
Market Growth
#permalink to sectionTHE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Canada WERE (2019 - 2020):
- China, $1.05B (101%)
- Germany, $202M (69.9%)
- United Kingdom, $64.4M (31.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Canada WERE (2019 - 2020):
- Netherlands, -$246M (-45.7%)
- Turkey, -$113M (-84.5%)
- Chinese Taipei, -$106M (-64.5%)
Market Concentration
#permalink to sectionIn 2019, Canada's main exporting competitors in Iron Ore were:
In 2019, Canada's main importing competitors in Iron Ore were:
- China , $99B
- Japan , $8.24B
- South Korea , $5.94B
