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2022
Exports $40.8MWorld Rnk 9 / 98
Flag Rnk 535 / 1210
2022
Destination $13.5M United States
2021 - 2022
FASTEST GROWING MARKET $13.5MUnited States
2022
PRODUCT COMPLEXITY IN Nickel Pipes0.96Rnk 188 / 1025
2022
Imports $68MWorld Rnk 4 / 180
Flag Rnk 641 / 1213
2022
Origin $22.1M United States
2021 - 2022
FASTEST GROWING ORIGIN $22.1MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $40.8M in Nickel Pipes, making it the 9th largest exporter of Nickel Pipes in the world. At the same year, Nickel Pipes was the 535th most exported product in Canada. The main destination of Nickel Pipes exports from Canada are: United States ($35.3M), Kazakhstan ($1.24M), Argentina ($728k), Costa Rica ($588k), and Poland ($419k).

The fastest growing export markets for Nickel Pipes of Canada between 2021 and 2022 were United States ($13.5M), Costa Rica ($577k), and Canada ($382k).

Imports In 2022, Canada imported $68M in Nickel Pipes, becoming the 4th largest importer of Nickel Pipes in the world. At the same year, Nickel Pipes was the 641st most imported product in Canada. Canada imports Nickel Pipes primarily from: United States ($42.6M), Sweden ($13M), Italy ($2.92M), China ($2.54M), and Japan ($2.22M).

The fastest growing import markets in Nickel Pipes for Canada between 2021 and 2022 were United States ($22.1M), Sweden ($10M), and Italy ($2.07M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Nickel Pipes exports accounted up to C$8.25M and imports accounted up to C$6.78M, resulting in a positive trade balance of C$1.47M. Between August 2023 and August 2024 the exports of Canada's   Nickel Pipes have increased by C$4.97M (151%) from C$3.28M to C$8.25M, while imports increased by C$1.93M (39.7%) from C$4.86M to C$6.78M.

Destinations In August 2024, Nickel Pipes were exported mostly to United States (C$8.12M), United Kingdom (C$79.6k), Costa Rica (C$25.7k), Poland (C$19.9k), and Germany (C$6.46k), and were imported mostly from Japan (C$2.88M), United States (C$2.37M), China (C$767k), United Kingdom (C$471k), and Ukraine (C$48k).

Growth In August 2024, the increase in Nickel Pipes's year-by-year exports was explained primarily by an increase in exports to United Kingdom (C$582k or 4.28k%). In August 2024, the increase in Nickel Pipes's year-by-year imports was explained primarily by an increase in imports from United States (C$9.4M or 411%), Italy (C$560k or 480%), and China (C$71.3k or 96.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$4.97M(151%)
IMPORT GROWTH (August 2023 - August 2024)C$1.93M(39.7%)
MAIN EXPORTER (August 2024)OntarioC$6.56M
MAIN DESTINATION (August 2024)United StatesC$8.12M

This section shows Nickel Pipes'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 Nickel Pipes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.8M
IMPORTS (2022)$68M
NET TRADE (2022)-$27.2M

In 2022, Canada exported $40.8M in Nickel Pipes. The main destinations of Canada exports on Nickel Pipes were United States ($35.3M), Kazakhstan ($1.24M), Argentina ($728k), Costa Rica ($588k), and Poland ($419k).

In 2022, Canada imported $68M in Nickel Pipes, mainly from United States ($42.6M), Sweden ($13M), Italy ($2.92M), China ($2.54M), and Japan ($2.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Pipes EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13.5M (62%)
Costa Rica$577k (5.1k%)
Canada$382k (1.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Pipes BY Canada WERE (2021 - 2022):
Cuba-$317k (-95.1%)
South Korea-$308k (-65.2%)
Saudi Arabia-$268k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Nickel Pipes were:
United States $221M
Germany $190M
Italy $114M
In 2022, Canada's main importing competitors in Nickel Pipes were:
United States $241M
China $92.4M
Germany $70.5M

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Trade Value of Nickel Pipes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.25M
TOP IMPORT POTENTIALChina+ $948k

Nickel Pipes’s highest export potential is United States. With an export gap of $4.25M.   Nickel Pipes’s highest import potential is China with an import gap of $948k.

See methodology.

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