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2022
Exports $57.1MWorld Rnk 8 / 97
Flag Rnk 472 / 1210
2022
Destination $24.1M United States
2021 - 2022
FASTEST GROWING MARKET $24.1MUnited States
2022
PRODUCT COMPLEXITY IN Scrap Nickel-0.18Rnk 609 / 1025
2022
Imports $63.5MWorld Rnk 5 / 77
Flag Rnk 656 / 1213
2022
Origin $27.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $27.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $57.1M in Scrap Nickel, making it the 8th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 472nd most exported product in Canada. The main destination of Scrap Nickel exports from Canada are: United States ($54.8M), United Kingdom ($778k), Brazil ($482k), Germany ($424k), and Japan ($262k).

The fastest growing export markets for Scrap Nickel of Canada between 2021 and 2022 were United States ($24.1M), United Kingdom ($505k), and Brazil ($482k).

Imports In 2022, Canada imported $63.5M in Scrap Nickel, becoming the 5th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 656th most imported product in Canada. Canada imports Scrap Nickel primarily from: United States ($58.8M), United Kingdom ($1.74M), Singapore ($673k), Japan ($467k), and Finland ($331k).

The fastest growing import markets in Scrap Nickel for Canada between 2021 and 2022 were United States ($27.5M), United Kingdom ($1.47M), and Singapore ($521k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Scrap Nickel exports accounted up to C$7.26M and imports accounted up to C$9.89M, resulting in a negative trade balance of C$2.62M. Between August 2023 and August 2024 the exports of Canada's   Scrap Nickel have decreased by C$-905k (-11.1%) from C$8.17M to C$7.26M, while imports decreased by C$-1.93M (-16.3%) from C$11.8M to C$9.89M.

Destinations In August 2024, Scrap Nickel were exported mostly to United States (C$7.07M) and Japan (C$192k), and were imported mostly from United States (C$9.37M) and United Kingdom (C$513k).

Growth In August 2024, the decrease in Scrap Nickel's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-905k(-11.1%)
IMPORT GROWTH (August 2023 - August 2024)C$-1.93M(-16.3%)
MAIN EXPORTER (August 2024)QuebecC$6.33M
MAIN DESTINATION (August 2024)United StatesC$7.07M

This section shows Scrap Nickel'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 Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.1M
IMPORTS (2022)$63.5M
NET TRADE (2022)-$6.48M

In 2022, Canada exported $57.1M in Scrap Nickel. The main destinations of Canada exports on Scrap Nickel were United States ($54.8M), United Kingdom ($778k), Brazil ($482k), Germany ($424k), and Japan ($262k).

In 2022, Canada imported $63.5M in Scrap Nickel, mainly from United States ($58.8M), United Kingdom ($1.74M), Singapore ($673k), Japan ($467k), and Finland ($331k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$24.1M (78.2%)
United Kingdom$505k (185%)
Brazil$482k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Canada WERE (2021 - 2022):
Chinese Taipei-$658k (-100%)
India-$151k (-64.4%)
Japan-$144k (-35.4%)
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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 Nickel were:
United Kingdom $218M
United States $130M
Germany $114M
In 2022, Canada's main importing competitors in Scrap Nickel were:
United States $399M
Japan $196M
United Kingdom $181M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.69M
TOP IMPORT POTENTIALUnited Kingdom+ $983k

Scrap Nickel’s highest export potential is United States. With an export gap of $8.69M.   Scrap Nickel’s highest import potential is United Kingdom with an import gap of $983k.

See methodology.

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