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2023
Exports $19.3MWorld Rnk 22 / 128
Flag Rnk 640 / 1212
2023
Destination $788k United States
2022 - 2023
FASTEST GROWING MARKET $788kUnited States
2023
PRODUCT COMPLEXITY IN Stainless Steel Wire1.45Rnk 53 / 1025
2023
Imports $55.8MWorld Rnk 14 / 203
Flag Rnk 655 / 1211
2023
Origin $4.39M China
2022 - 2023
FASTEST GROWING ORIGIN $4.39MChina
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $19.3M in Stainless Steel Wire, making it the 22nd largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 640th most exported product in Canada. The main destination of Stainless Steel Wire exports from Canada are: United States ($18.8M), Chinese Taipei ($144k), Italy ($44.6k), India ($37.1k), and China ($35.9k).

The fastest growing export markets for Stainless Steel Wire of Canada between 2022 and 2023 were United States ($788k), Chinese Taipei ($115k), and Italy ($44.6k).

Imports In 2023, Canada imported $55.8M in Stainless Steel Wire, becoming the 14th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 655th most imported product in Canada. Canada imports Stainless Steel Wire primarily from: China ($17.7M), United States ($14.3M), India ($6.42M), Chinese Taipei ($5.22M), and France ($3.65M).

The fastest growing import markets in Stainless Steel Wire for Canada between 2022 and 2023 were China ($4.39M), Chinese Taipei ($1.3M), and France ($358k).

Latest Trends

December 2024

About

Overview In December 2024 Canada's Stainless Steel Wire exports accounted up to C$1.43M and imports accounted up to C$5.75M, resulting in a negative trade balance of C$4.33M. Between December 2023 and December 2024 the exports of Canada's   Stainless Steel Wire have decreased by C$-339k (-19.2%) from C$1.76M to C$1.43M, while imports decreased by C$-154k (-2.6%) from C$5.91M to C$5.75M.

Destinations In December 2024, Stainless Steel Wire were exported mostly to United States (C$1.43M), Netherlands (C$365), and Romania (C$159), and were imported mostly from China (C$2.16M), United States (C$961k), India (C$494k), United Kingdom (C$448k), and Chinese Taipei (C$443k).

Growth In December 2024, the decrease in Stainless Steel Wire's year-by-year exports was explained primarily by a decrease in exports to United States (C$-946k or -39.2%). In December 2024, the decrease in Stainless Steel Wire's year-by-year imports was explained primarily by a decrease in imports from United States (C$-887k or -48.7%), Chinese Taipei (C$-694k or -98.3%), and India (C$-562k or -63.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-339k(-19.2%)
IMPORT GROWTH (December 2023 - December 2024)C$-154k(-2.6%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$1.43M

This section shows Stainless Steel Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$19.3M
IMPORTS (2023)$55.8M
NET TRADE (2023)-$36.5M

In 2023, Canada exported $19.3M in Stainless Steel Wire. The main destinations of Canada exports on Stainless Steel Wire were United States ($18.8M), Chinese Taipei ($144k), Italy ($44.6k), India ($37.1k), and China ($35.9k).

In 2023, Canada imported $55.8M in Stainless Steel Wire, mainly from China ($17.7M), United States ($14.3M), India ($6.42M), Chinese Taipei ($5.22M), and France ($3.65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$788k (4.37%)
Chinese Taipei$115k (384%)
Italy$44.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Canada WERE (2022 - 2023):
Costa Rica-$223k (-97.2%)
Republic of the Congo-$62k (-100%)
New Zealand-$45.2k (-97.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Stainless Steel Wire were:
India $429M
China $331M
South Korea $246M
In 2023, Canada's main importing competitors in Stainless Steel Wire were:
Germany $279M
United States $240M
China $171M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.18M
TOP IMPORT POTENTIALIndia+ $3.26M

Stainless Steel Wire’s highest export potential is United States. With an export gap of $4.18M.   Stainless Steel Wire’s highest import potential is India with an import gap of $3.26M.

See methodology.

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