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2023
Exports $668kWorld Rnk 23 / 66
Flag Rnk 1049 / 1212
2023
Destination $134k Vietnam
2022 - 2023
FASTEST GROWING MARKET $134kIndia
2023
Imports $1.81MWorld Rnk 9 / 62
Flag Rnk 1102 / 1211
2023
Origin $295k Bolivia
2022 - 2023
FASTEST GROWING ORIGIN $295kSpain
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $668k in Tungsten Ore, making it the 23rd largest exporter of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1049th most exported product in Canada. The main destination of Tungsten Ore exports from Canada are: Vietnam ($486k), India ($177k), and United States ($5.14k).

The fastest growing export markets for Tungsten Ore of Canada between 2022 and 2023 were India ($134k).

Imports In 2023, Canada imported $1.81M in Tungsten Ore, becoming the 9th largest importer of Tungsten Ore in the world. At the same year, Tungsten Ore was the 1102nd most imported product in Canada. Canada imports Tungsten Ore primarily from: Bolivia ($1.5M), Spain ($295k), United States ($7.71k), and Kazakhstan ($405).

The fastest growing import markets in Tungsten Ore for Canada between 2022 and 2023 were Spain ($295k), United States ($7.68k), and Kazakhstan ($405).

Latest Trends

April 2024

About

Overview In April 2024 Canada's Tungsten Ore exports accounted up to C$8.55k and imports accounted up to C$4.44k, resulting in a positive trade balance of C$4.1k. Between November 2019 and April 2024 the exports of Canada's   Tungsten Ore have decreased by C$-50.7k (-85.6%) from C$59.2k to C$8.55k, while imports increased by C$4.42k (17.7k%) from C$25 to C$4.44k.

Destinations In April 2024, Tungsten Ore were exported mostly to , and were imported mostly from .

Growth In April 2024, the decrease in Tungsten Ore's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Tungsten Ore's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2019 - April 2024)C$-50.7k(-85.6%)
IMPORT GROWTH (December 2021 - September 2024)C$4.42k(17.7k%)
MAIN EXPORTER (April 2024)AlbertaC$8.55k
MAIN DESTINATION (April 2024)

This section shows Tungsten Ore'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 Tungsten Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$668k
IMPORTS (2023)$1.81M
NET TRADE (2023)-$1.14M

In 2023, Canada exported $668k in Tungsten Ore. The main destinations of Canada exports on Tungsten Ore were Vietnam ($486k), India ($177k), and United States ($5.14k).

In 2023, Canada imported $1.81M in Tungsten Ore, mainly from Bolivia ($1.5M), Spain ($295k), United States ($7.71k), and Kazakhstan ($405).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tungsten Ore EXPORT MARKETS FOR Canada WERE (2022 - 2023):India$134k (313%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tungsten Ore BY Canada WERE (2022 - 2023):
Vietnam-$486k (-50%)
United States-$192k (-97.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Tungsten Ore were:
Spain $42.1M
Bolivia $34.9M
North Korea $25.9M
In 2023, Canada's main importing competitors in Tungsten Ore were:
China $55.2M
United States $45.2M
Austria $35.8M

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Trade Value of Tungsten Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $477k
TOP IMPORT POTENTIALUnited States+ $1.66k

Tungsten Ore’s highest export potential is United States. With an export gap of $477k.   Tungsten Ore’s highest import potential is United States with an import gap of $1.66k.

See methodology.

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