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2023
Exports $2.16BWorld Rnk 7 / 207
Flag Rnk 40 / 1212
2023
Destination $49M United States
2022 - 2023
FASTEST GROWING MARKET $49MIndia
2023
PRODUCT COMPLEXITY IN Scrap Iron-0.57Rnk 726 / 1025
2023
Imports $289MWorld Rnk 29 / 177
Flag Rnk 317 / 1211
2023
Origin $2.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.4MMexico
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $2.16B in Scrap Iron, making it the 7th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 40th most exported product in Canada. The main destination of Scrap Iron exports from Canada are: United States ($1.54B), India ($241M), Turkey ($136M), Mexico ($44.8M), and Peru ($41.2M).

The fastest growing export markets for Scrap Iron of Canada between 2022 and 2023 were India ($49M), Peru ($41.2M), and Egypt ($38.3M).

Imports In 2023, Canada imported $289M in Scrap Iron, becoming the 29th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 317th most imported product in Canada. Canada imports Scrap Iron primarily from: United States ($272M), Barbados ($6.88M), New Zealand ($3.17M), Mexico ($2.76M), and United Kingdom ($2.54M).

The fastest growing import markets in Scrap Iron for Canada between 2022 and 2023 were Mexico ($2.4M), United Kingdom ($2.4M), and Barbados ($1.85M).

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

November 2024

About

Overview In November 2024 Canada's Scrap Iron exports accounted up to C$193M and imports accounted up to C$23.7M, resulting in a positive trade balance of C$169M. Between November 2023 and November 2024 the exports of Canada's   Scrap Iron have decreased by C$-50.3M (-20.7%) from C$243M to C$193M, while imports increased by C$495k (2.13%) from C$23.2M to C$23.7M.

Destinations In November 2024, Scrap Iron were exported mostly to United States (C$144M), Egypt (C$16.5M), India (C$12.3M), Thailand (C$7.27M), and Pakistan (C$4.3M), and were imported mostly from United States (C$23.1M), Canada (C$586k), Brazil (C$8.78k), China (C$5.95k), and Chinese Taipei (C$125).

Growth In November 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 November 2024, the increase in Scrap Iron's year-by-year imports was explained primarily by an increase in imports from United States (C$6.48M or 24.5%), China (C$21.5k or 649%), and Canada (C$12.7k or 20.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-50.3M(-20.7%)
IMPORT GROWTH (November 2023 - November 2024)C$495k(2.13%)
MAIN EXPORTER (November 2024)OntarioC$122M
MAIN DESTINATION (November 2024)United StatesC$144M

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 (2023)$2.16B
IMPORTS (2023)$289M
NET TRADE (2023)$1.87B

In 2023, Canada exported $2.16B in Scrap Iron. The main destinations of Canada exports on Scrap Iron were United States ($1.54B), India ($241M), Turkey ($136M), Mexico ($44.8M), and Peru ($41.2M).

In 2023, Canada imported $289M in Scrap Iron, mainly from United States ($272M), Barbados ($6.88M), New Zealand ($3.17M), Mexico ($2.76M), and United Kingdom ($2.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Canada WERE (2022 - 2023):
India$49M (25.5%)
Peru$41.2M (1%)
Egypt$38.3M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Canada WERE (2022 - 2023):
United States-$222M (-12.6%)
Turkey-$197M (-59.2%)
Italy-$58.2M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Scrap Iron were:
United States $6.91B
Germany $4.54B
United Kingdom $3.15B
In 2023, Canada's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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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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