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2022
Exports $588MWorld Rnk 15 / 129
Flag Rnk 146 / 1210
2022
Destination $164M United States
2021 - 2022
FASTEST GROWING MARKET $164MUnited States
2022
PRODUCT COMPLEXITY IN Ferroalloys-1.24Rnk 892 / 1025
2022
Imports $590MWorld Rnk 18 / 172
Flag Rnk 192 / 1213
2022
Origin $49.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $49.9MIndia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $588M in Ferroalloys, making it the 15th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 146th most exported product in Canada. The main destination of Ferroalloys exports from Canada are: United States ($338M), Netherlands ($98.5M), Mexico ($24.4M), Germany ($23.6M), and Finland ($21.7M).

The fastest growing export markets for Ferroalloys of Canada between 2021 and 2022 were United States ($164M), Mexico ($10M), and United Kingdom ($8.28M).

Imports In 2022, Canada imported $590M in Ferroalloys, becoming the 18th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 192nd most imported product in Canada. Canada imports Ferroalloys primarily from: United States ($133M), India ($98.9M), Norway ($91.4M), Brazil ($49.4M), and China ($29.8M).

The fastest growing import markets in Ferroalloys for Canada between 2021 and 2022 were India ($49.9M), China ($19.3M), and United States ($15.1M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Ferroalloys exports accounted up to C$48.4M and imports accounted up to C$32.5M, resulting in a positive trade balance of C$15.9M. Between August 2023 and August 2024 the exports of Canada's   Ferroalloys have increased by C$233k (0.48%) from C$48.2M to C$48.4M, while imports increased by C$1.84M (6%) from C$30.7M to C$32.5M.

Destinations In August 2024, Ferroalloys were exported mostly to United States (C$27.8M), Netherlands (C$12.8M), Malaysia (C$1.65M), Brazil (C$1.45M), and China (C$1.22M), and were imported mostly from India (C$8.09M), Norway (C$6.94M), South Korea (C$3.37M), United States (C$2.12M), and China (C$1.79M).

Growth In August 2024, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to United States (C$15M or 62.2%), China (C$1.51M or 418%), and Spain (C$149k or 20.4%). In August 2024, the increase in Ferroalloys's year-by-year imports was explained primarily by an increase in imports from Chile (C$3.64M or 199%), Czechia (C$3M or 423%), and India (C$2.1M or 40.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$233k(0.48%)
IMPORT GROWTH (August 2023 - August 2024)C$1.84M(6%)
MAIN EXPORTER (August 2024)QuebecC$52.8M
MAIN DESTINATION (August 2024)United StatesC$27.8M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$588M
IMPORTS (2022)$590M
NET TRADE (2022)-$1.73M

In 2022, Canada exported $588M in Ferroalloys. The main destinations of Canada exports on Ferroalloys were United States ($338M), Netherlands ($98.5M), Mexico ($24.4M), Germany ($23.6M), and Finland ($21.7M).

In 2022, Canada imported $590M in Ferroalloys, mainly from United States ($133M), India ($98.9M), Norway ($91.4M), Brazil ($49.4M), and China ($29.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$164M (94.3%)
Mexico$10M (69.6%)
United Kingdom$8.28M (2.42k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Canada WERE (2021 - 2022):
China-$39.4M (-79.4%)
Netherlands-$16.2M (-14.2%)
India-$6.44M (-38.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Ferroalloys were:
Indonesia $13.7B
South Africa $4.4B
Brazil $4.24B
In 2022, Canada's main importing competitors in Ferroalloys were:
China $19.9B
United States $4.85B
Japan $3.5B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $163M
TOP IMPORT POTENTIALIndia+ $25.8M

Ferroalloys’s highest export potential is United States. With an export gap of $163M.   Ferroalloys’s highest import potential is India with an import gap of $25.8M.

See methodology.

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