2023
Exports
$889MWorld Rnk 11 / 118
Flag Rnk 98 / 1212
2023
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel
1.38Rnk 65 / 1025
2023
Imports
$1.17BWorld Rnk 11 / 199
Flag Rnk 97 / 1211
2023
ECONOMIC COMPLEXITY of Canada
0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $889M in Flat Flat-Rolled Steel, making it the 11th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 98th most exported product in Canada. The main destination of Flat Flat-Rolled Steel exports from Canada are: United States ($813M), Mexico ($73.3M), Pakistan ($1.1M), Japan ($569k), and South Korea ($353k).

The fastest growing export markets for Flat Flat-Rolled Steel of Canada between 2022 and 2023 were Mexico ($9.57M), Portugal ($276k), and China ($218k).

Imports In 2023, Canada imported $1.17B in Flat Flat-Rolled Steel, becoming the 11th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 97th most imported product in Canada. Canada imports Flat Flat-Rolled Steel primarily from: United States ($682M), China ($139M), Germany ($114M), South Korea ($53.8M), and Sweden ($42M).

The fastest growing import markets in Flat Flat-Rolled Steel for Canada between 2022 and 2023 were China ($107M), Austria ($4.5M), and Belgium ($4.09M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$-8.11M(-9.21%)
IMPORT GROWTH (December 2023 - December 2024)C$11.3M(12.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$71.8M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$889M
IMPORTS (2023)$1.17B
NET TRADE (2023)-$276M

In 2023, Canada exported $889M in Flat Flat-Rolled Steel. The main destinations of Canada exports on Flat Flat-Rolled Steel were United States ($813M), Mexico ($73.3M), Pakistan ($1.1M), Japan ($569k), and South Korea ($353k).

In 2023, Canada imported $1.17B in Flat Flat-Rolled Steel, mainly from United States ($682M), China ($139M), Germany ($114M), South Korea ($53.8M), and Sweden ($42M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Mexico$9.57M (15%)
Portugal$276k (1%)
China$218k (181%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY Canada WERE (2022 - 2023):
United States-$21.9M (-2.63%)
Pakistan-$1.46M (-56.9%)
Chinese Taipei-$661k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Flat Flat-Rolled Steel were:
China $5.49B
Japan $5.16B
Germany $3.69B
In 2023, Canada's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.59B
Germany $2.32B
Turkey $2.18B

Explore Visualizations

Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $16.5M
TOP IMPORT POTENTIALChina+ $36.8M

Flat Flat-Rolled Steel’s highest export potential is Mexico. With an export gap of $16.5M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $36.8M.

See methodology.

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