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2022
Exports $2.42BWorld Rnk 7 / 212
Flag Rnk 37 / 1210
2022
Destination $101M United States
2021 - 2022
FASTEST GROWING MARKET $101MIndia
2022
PRODUCT COMPLEXITY IN Scrap Iron-0.59Rnk 720 / 1025
2022
Imports $304MWorld Rnk 31 / 187
Flag Rnk 327 / 1213
2022
Origin $25.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $25.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.42B in Scrap Iron, making it the 7th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 37th most exported product in Canada. The main destination of Scrap Iron exports from Canada are: United States ($1.75B), India ($209M), Turkey ($206M), Italy ($53.9M), and Pakistan ($34.7M).

The fastest growing export markets for Scrap Iron of Canada between 2021 and 2022 were India ($101M), Turkey ($14.1M), and Thailand ($11.9M).

Imports In 2022, Canada imported $304M in Scrap Iron, becoming the 31st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 327th most imported product in Canada. Canada imports Scrap Iron primarily from: United States ($292M), Barbados ($5.03M), Canada ($2.07M), New Zealand ($1.49M), and Trinidad and Tobago ($1.44M).

The fastest growing import markets in Scrap Iron for Canada between 2021 and 2022 were United States ($25.5M), Barbados ($1.67M), and New Zealand ($1.31M).

COMPANIES In 2023, leading companies such as Ford Motor Company (7) were at the forefront of shipping Scrap Iron from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Scrap Iron exports accounted up to C$185M and imports accounted up to C$23.6M, resulting in a positive trade balance of C$161M. Between August 2023 and August 2024 the exports of Canada's   Scrap Iron have decreased by C$-36.9M (-16.6%) from C$222M to C$185M, while imports decreased by C$-3.73M (-13.7%) from C$27.3M to C$23.6M.

Destinations In August 2024, Scrap Iron were exported mostly to United States (C$139M), India (C$17.6M), Chinese Taipei (C$7.29M), Spain (C$4.79M), and Pakistan (C$4.53M), and were imported mostly from United States (C$22.6M), Mexico (C$524k), Canada (C$355k), Sweden (C$156k), and China (C$1.27k).

Growth In August 2024, the decrease in Scrap Iron's year-by-year exports was explained primarily by a decrease in exports to Turkey (C$-61.3M or -100%), Pakistan (C$-4.05M or -71.1%), and Malaysia (C$-1.84M or -59.5%). In August 2024, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from France (C$-658 or -95.9%) and Saint Pierre and Miquelon (C$-30 or -9.49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-36.9M(-16.6%)
IMPORT GROWTH (August 2023 - August 2024)C$-3.73M(-13.7%)
MAIN EXPORTER (August 2024)OntarioC$122M
MAIN DESTINATION (August 2024)United StatesC$139M

This section shows Scrap Iron'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 Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.42B
IMPORTS (2022)$304M
NET TRADE (2022)$2.12B

In 2022, Canada exported $2.42B in Scrap Iron. The main destinations of Canada exports on Scrap Iron were United States ($1.75B), India ($209M), Turkey ($206M), Italy ($53.9M), and Pakistan ($34.7M).

In 2022, Canada imported $304M in Scrap Iron, mainly from United States ($292M), Barbados ($5.03M), Canada ($2.07M), New Zealand ($1.49M), and Trinidad and Tobago ($1.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Canada WERE (2021 - 2022):
India$101M (92.7%)
Turkey$14.1M (7.33%)
Thailand$11.9M (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Canada WERE (2021 - 2022):
Peru-$48.3M (-100%)
Germany-$32.5M (-77.8%)
Malaysia-$28.5M (-78.4%)
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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 Iron were:
United States $7.92B
Germany $5.21B
United Kingdom $3.91B
In 2022, Canada's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $70.9M
TOP IMPORT POTENTIALUnited States+ $65M

Scrap Iron’s highest export potential is India. With an export gap of $70.9M.   Scrap Iron’s highest import potential is United States with an import gap of $65M.

See methodology.

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