2022
Exports
$51.3MWorld Rnk 17 / 123
Flag Rnk 490 / 1210
2022
PRODUCT COMPLEXITY IN Steel Wire
0.96Rnk 189 / 1025
2022
Imports
$64MWorld Rnk 18 / 193
Flag Rnk 654 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $51.3M in Steel Wire, making it the 17th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 490th most exported product in Canada. The main destination of Steel Wire exports from Canada are: United States ($47.1M), Canada ($1.74M), Japan ($899k), Belgium ($477k), and Mexico ($462k).

The fastest growing export markets for Steel Wire of Canada between 2021 and 2022 were Canada ($639k), Belgium ($435k), and Japan ($331k).

Imports In 2022, Canada imported $64M in Steel Wire, becoming the 18th largest importer of Steel Wire in the world. At the same year, Steel Wire was the 654th most imported product in Canada. Canada imports Steel Wire primarily from: United States ($21.2M), Italy ($9.67M), South Korea ($8.98M), China ($8.86M), and Turkey ($4.51M).

The fastest growing import markets in Steel Wire for Canada between 2021 and 2022 were Italy ($4.51M), United States ($3.56M), and India ($1.74M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) and Norwegian Cruise Line (1) were at the forefront of shipping Steel Wire from Canada to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$126k(3.48%)
IMPORT GROWTH (June 2023 - June 2024)C$2.15M(43.2%)
MAIN EXPORTER (June 2024)OntarioC$2.96M
MAIN DESTINATION (June 2024)United StatesC$3.71M

This section shows 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 Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.3M
IMPORTS (2022)$64M
NET TRADE (2022)-$12.7M

In 2022, Canada exported $51.3M in Steel Wire. The main destinations of Canada exports on Steel Wire were United States ($47.1M), Canada ($1.74M), Japan ($899k), Belgium ($477k), and Mexico ($462k).

In 2022, Canada imported $64M in Steel Wire, mainly from United States ($21.2M), Italy ($9.67M), South Korea ($8.98M), China ($8.86M), and Turkey ($4.51M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$639k (57.9%)
Belgium$435k (1.06k%)
Japan$331k (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY Canada WERE (2021 - 2022):
United States-$3.49M (-6.9%)
United Arab Emirates-$564k (-83.6%)
China-$401k (-84.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Steel Wire were:
In 2022, Canada's main importing competitors in Steel Wire were:

Explore Visualizations

Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.75M
TOP IMPORT POTENTIALChina+ $2.55M

Steel Wire’s highest export potential is United States. With an export gap of $4.75M.   Steel Wire’s highest import potential is China with an import gap of $2.55M.

See methodology.

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