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2022
Exports $55.1MWorld Rnk 14 / 104
Flag Rnk 478 / 1210
2022
Destination $960k United States
2021 - 2022
FASTEST GROWING MARKET $960kChina
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $25.7MWorld Rnk 20 / 180
Flag Rnk 826 / 1213
2022
Origin $10.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $10.6MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $55.1M in Stainless Steel Ingots, making it the 14th largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 478th most exported product in Canada. The main destination of Stainless Steel Ingots exports from Canada are: United States ($53.1M), China ($1.16M), Italy ($185k), United Kingdom ($171k), and Japan ($141k).

The fastest growing export markets for Stainless Steel Ingots of Canada between 2021 and 2022 were China ($960k), United Kingdom ($167k), and Italy ($101k).

Imports In 2022, Canada imported $25.7M in Stainless Steel Ingots, becoming the 20th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 826th most imported product in Canada. Canada imports Stainless Steel Ingots primarily from: United States ($20.7M), India ($1.55M), United Arab Emirates ($1.08M), United Kingdom ($1M), and Czechia ($342k).

The fastest growing import markets in Stainless Steel Ingots for Canada between 2021 and 2022 were United States ($10.6M), United Arab Emirates ($1.08M), and United Kingdom ($836k).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Stainless Steel Ingots exports accounted up to C$7.79M and imports accounted up to C$2.51M, resulting in a positive trade balance of C$5.28M. Between August 2023 and August 2024 the exports of Canada's   Stainless Steel Ingots have increased by C$3.85M (97.9%) from C$3.93M to C$7.79M, while imports decreased by C$-63.7k (-2.48%) from C$2.57M to C$2.51M.

Destinations In August 2024, Stainless Steel Ingots were exported mostly to United States (C$7.79M), and were imported mostly from United States (C$1.77M), Mexico (C$562k), China (C$93.4k), India (C$74.2k), and Malaysia (C$13k).

Growth In August 2024, the increase in Stainless Steel Ingots's year-by-year exports was explained primarily by an increase in exports to United States (C$2.71M or 61.8%). In August 2024, the decrease in Stainless Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from China (C$-48.4k or -78.5%), Malaysia (C$-36.2k or -88.5%), and France (C$-4.66k or -56%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$3.85M(97.9%)
IMPORT GROWTH (August 2023 - August 2024)C$-63.7k(-2.48%)
MAIN EXPORTER (August 2024)OntarioC$7.47M
MAIN DESTINATION (August 2024)United StatesC$7.79M

This section shows Stainless Steel Ingots'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 Stainless Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.1M
IMPORTS (2022)$25.7M
NET TRADE (2022)$29.4M

In 2022, Canada exported $55.1M in Stainless Steel Ingots. The main destinations of Canada exports on Stainless Steel Ingots were United States ($53.1M), China ($1.16M), Italy ($185k), United Kingdom ($171k), and Japan ($141k).

In 2022, Canada imported $25.7M in Stainless Steel Ingots, mainly from United States ($20.7M), India ($1.55M), United Arab Emirates ($1.08M), United Kingdom ($1M), and Czechia ($342k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Canada WERE (2021 - 2022):
China$960k (482%)
United Kingdom$167k (3.79k%)
Italy$101k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Canada WERE (2021 - 2022):
Saudi Arabia-$111k (-100%)
Japan-$104k (-42.5%)
Canada-$53.7k (-35.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
Sweden $298M
In 2022, Canada's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M
Sweden $541M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.16M
TOP IMPORT POTENTIALUnited Kingdom+ $900k

Stainless Steel Ingots’s highest export potential is China. With an export gap of $2.16M.   Stainless Steel Ingots’s highest import potential is United Kingdom with an import gap of $900k.

See methodology.

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