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2022
Exports $22.4BWorld Rnk 11 / 220
Flag Rnk 7 / 21
2022
Destination $336M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $336MSingapore
2022
PRODUCT COMPLEXITY IN Precious Metals0.58Rnk 328 / 1025
2022
Imports $19.9BWorld Rnk 11 / 225
Flag Rnk 8 / 21
2022
Origin $268M United States
2021 - 2022
FASTEST GROWING ORIGIN $268MSouth Africa
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $22.4B in Precious Metals, making it the 11th largest exporter of Precious Metals in the world. At the same year, Precious Metals was the 7th most exported product in Canada. The main destination of Precious Metals exports from Canada are: United Kingdom ($7.57B), United States ($5.72B), Switzerland ($2.32B), Hong Kong ($1.58B), and Belgium ($1.36B).

The fastest growing export markets for Precious Metals of Canada between 2021 and 2022 were Singapore ($336M), Belgium ($256M), and China ($233M).

Imports In 2022, Canada imported $19.9B in Precious Metals, becoming the 11th largest importer of Precious Metals in the world. At the same year, Precious Metals was the 8th most imported product in Canada. Canada imports Precious Metals primarily from: United States ($7.43B), Peru ($1.87B), Brazil ($1.69B), United Kingdom ($1.23B), and South Africa ($1.03B).

The fastest growing import markets in Precious Metals for Canada between 2021 and 2022 were South Africa ($268M), Mauritania ($252M), and Japan ($226M).

COMPANIES In 2023, leading companies such as Norwegian Cruise Line (14) and Walmart (1) were at the forefront of shipping Precious Metals from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Precious Metals exports accounted up to C$3.49B and imports accounted up to C$2.01B, resulting in a positive trade balance of C$1.48B. Between June 2023 and June 2024 the exports of Canada's   Precious Metals have increased by C$1.22B (53.8%) from C$2.27B to C$3.49B, while imports decreased by C$-1.19B (-37.3%) from C$3.2B to C$2.01B.

Destinations In June 2024, Precious Metals were exported mostly to United Kingdom (C$2.33B), United States (C$638M), Switzerland (C$394M), Australia (C$64.5M), and Germany (C$19.4M), and were imported mostly from United States (C$632M), Peru (C$325M), Japan (C$247M), Brazil (C$183M), and Mauritania (C$96.5M).

Growth In June 2024, the increase in Precious Metals's year-by-year exports was explained primarily by an increase in exports to Switzerland (C$376M or 276%), United Kingdom (C$166M or 15.7%), and United States (C$164M or 18.5%). In June 2024, the decrease in Precious Metals's year-by-year imports was explained primarily by a decrease in imports from United States (C$-104M or -12%), United Kingdom (C$-52M or -90.5%), and Australia (C$-35.1M or -90.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.22B(53.8%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.19B(-37.3%)
MAIN EXPORTER (June 2024)OntarioC$3.76B
MAIN DESTINATION (June 2024)United KingdomC$2.33B

This section shows Precious Metals'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 Precious Metals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.4B
IMPORTS (2022)$19.9B
NET TRADE (2022)$2.51B

In 2022, Canada exported $22.4B in Precious Metals. The main destinations of Canada exports on Precious Metals were United Kingdom ($7.57B), United States ($5.72B), Switzerland ($2.32B), Hong Kong ($1.58B), and Belgium ($1.36B).

In 2022, Canada imported $19.9B in Precious Metals, mainly from United States ($7.43B), Peru ($1.87B), Brazil ($1.69B), United Kingdom ($1.23B), and South Africa ($1.03B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metals EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Singapore$336M (529%)
Belgium$256M (23.2%)
China$233M (535%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metals BY Canada WERE (2021 - 2022):
United States-$616M (-9.73%)
Canada-$265M (-42.5%)
South Korea-$177M (-74.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Precious Metals were:
Switzerland $120B
United States $78.4B
United Arab Emirates $61.8B
In 2022, Canada's main importing competitors in Precious Metals were:
Switzerland $115B
United Arab Emirates $87.9B
China $87.8B

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Trade Value of Precious Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.57B
TOP IMPORT POTENTIALUnited States+ $871M

Precious Metals’s highest export potential is United States. With an export gap of $2.57B.   Precious Metals’s highest import potential is United States with an import gap of $871M.

See methodology.

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