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2022
Exports $892MWorld Rnk 11 / 196
Flag Rnk 104 / 1210
2022
Destination $101M United States
2021 - 2022
FASTEST GROWING MARKET $101MChina
2022
PRODUCT COMPLEXITY IN Scrap Copper-0.9Rnk 809 / 1025
2022
Imports $592MWorld Rnk 13 / 147
Flag Rnk 191 / 1213
2022
Origin $8.19M United States
2021 - 2022
FASTEST GROWING ORIGIN $8.19MCanada
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $892M in Scrap Copper, making it the 11th largest exporter of Scrap Copper in the world. At the same year, Scrap Copper was the 104th most exported product in Canada. The main destination of Scrap Copper exports from Canada are: United States ($395M), China ($309M), Germany ($54.5M), India ($24.5M), and Belgium ($18.5M).

The fastest growing export markets for Scrap Copper of Canada between 2021 and 2022 were China ($101M), Germany ($29.9M), and Canada ($8.19M).

Imports In 2022, Canada imported $592M in Scrap Copper, becoming the 13th largest importer of Scrap Copper in the world. At the same year, Scrap Copper was the 191st most imported product in Canada. Canada imports Scrap Copper primarily from: United States ($559M), Germany ($12.4M), Canada ($8.57M), Switzerland ($4.97M), and United Kingdom ($2.73M).

The fastest growing import markets in Scrap Copper for Canada between 2021 and 2022 were Canada ($8.19M), Switzerland ($561k), and Costa Rica ($265k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Scrap Copper exports accounted up to C$98.5M and imports accounted up to C$71.9M, resulting in a positive trade balance of C$26.6M. Between June 2023 and June 2024 the exports of Canada's   Scrap Copper have increased by C$22.1M (28.9%) from C$76.4M to C$98.5M, while imports decreased by C$-1.93M (-2.61%) from C$73.8M to C$71.9M.

Destinations In June 2024, Scrap Copper were exported mostly to United States (C$51.1M), China (C$32.6M), India (C$3.23M), Belgium (C$2.92M), and Thailand (C$1.9M), and were imported mostly from United States (C$69.9M), United Kingdom (C$1.25M), Jamaica (C$286k), China (C$235k), and Canada (C$122k).

Growth In June 2024, the increase in Scrap Copper's year-by-year exports was explained primarily by an increase in exports to China (C$10.9M or 49.4%), Belgium (C$984k or 312%), and India (C$911k or 104%). In June 2024, the decrease in Scrap Copper's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-717k or -99.9%), Mexico (C$-496k or -100%), and Canada (C$-42.4k or -18.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$22.1M(28.9%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.93M(-2.61%)
MAIN EXPORTER (June 2024)OntarioC$72M
MAIN DESTINATION (June 2024)United StatesC$51.1M

This section shows Scrap Copper'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 Scrap Copper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$892M
IMPORTS (2022)$592M
NET TRADE (2022)$300M

In 2022, Canada exported $892M in Scrap Copper. The main destinations of Canada exports on Scrap Copper were United States ($395M), China ($309M), Germany ($54.5M), India ($24.5M), and Belgium ($18.5M).

In 2022, Canada imported $592M in Scrap Copper, mainly from United States ($559M), Germany ($12.4M), Canada ($8.57M), Switzerland ($4.97M), and United Kingdom ($2.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Copper EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$101M (48.6%)
Germany$29.9M (121%)
Canada$8.19M (2.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Copper BY Canada WERE (2021 - 2022):
United States-$47.1M (-10.7%)
Belgium-$20.1M (-52.2%)
Malaysia-$16.1M (-55.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Scrap Copper were:
United States $5.05B
Germany $2.23B
Japan $2.02B
In 2022, Canada's main importing competitors in Scrap Copper were:
China $9.38B
Germany $3.52B
South Korea $2.32B

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Trade Value of Scrap Copper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.7M
TOP IMPORT POTENTIALUnited States+ $24.2M

Scrap Copper’s highest export potential is United States. With an export gap of $47.7M.   Scrap Copper’s highest import potential is United States with an import gap of $24.2M.

See methodology.

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