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%).