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2022
Exports $109MWorld Rnk 10 / 171
Flag Rnk 377 / 1210
2022
Destination $28.2M United States
2021 - 2022
FASTEST GROWING MARKET $28.2MUnited States
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $173MWorld Rnk 2 / 220
Flag Rnk 447 / 1213
2022
Origin $2.54M China
2021 - 2022
FASTEST GROWING ORIGIN $2.54MSwitzerland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $109M in Iron Nails, making it the 10th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 377th most exported product in Canada. The main destination of Iron Nails exports from Canada are: United States ($107M), Canada ($578k), Saint Vincent and the Grenadines ($164k), Barbados ($158k), and Saint Lucia ($107k).

The fastest growing export markets for Iron Nails of Canada between 2021 and 2022 were United States ($28.2M), Saint Vincent and the Grenadines ($75.3k), and Saint Lucia ($74k).

Imports In 2022, Canada imported $173M in Iron Nails, becoming the 2nd largest importer of Iron Nails in the world. At the same year, Iron Nails was the 447th most imported product in Canada. Canada imports Iron Nails primarily from: China ($104M), United States ($32.3M), Switzerland ($12.4M), Turkey ($6.28M), and Poland ($4.43M).

The fastest growing import markets in Iron Nails for Canada between 2021 and 2022 were Switzerland ($2.54M), Turkey ($1.87M), and China ($1.81M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Iron Nails exports accounted up to C$8.11M and imports accounted up to C$15.6M, resulting in a negative trade balance of C$7.49M. Between June 2023 and June 2024 the exports of Canada's   Iron Nails have increased by C$766k (10.4%) from C$7.34M to C$8.11M, while imports decreased by C$-1.07M (-6.44%) from C$16.7M to C$15.6M.

Destinations In June 2024, Iron Nails were exported mostly to United States (C$8.06M), Turks and Caicos Islands (C$19.5k), United Kingdom (C$13.6k), Cayman Islands (C$3.83k), and Bahamas (C$3.81k), and were imported mostly from China (C$9.94M), United States (C$2.55M), Switzerland (C$1M), Mexico (C$458k), and Finland (C$322k).

Growth In June 2024, the increase in Iron Nails's year-by-year exports was explained primarily by an increase in exports to United Kingdom (C$3.7k or 91.9%). In June 2024, the decrease in Iron Nails's year-by-year imports was explained primarily by a decrease in imports from China (C$-3.03M or -27.5%), Turkey (C$-319k or -82.9%), and Austria (C$-233k or -89.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$766k(10.4%)
IMPORT GROWTH (June 2023 - June 2024)C$-1.07M(-6.44%)
MAIN EXPORTER (June 2024)OntarioC$6.59M
MAIN DESTINATION (June 2024)United StatesC$8.06M

This section shows Iron Nails'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 Iron Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$109M
IMPORTS (2022)$173M
NET TRADE (2022)-$63.2M

In 2022, Canada exported $109M in Iron Nails. The main destinations of Canada exports on Iron Nails were United States ($107M), Canada ($578k), Saint Vincent and the Grenadines ($164k), Barbados ($158k), and Saint Lucia ($107k).

In 2022, Canada imported $173M in Iron Nails, mainly from China ($104M), United States ($32.3M), Switzerland ($12.4M), Turkey ($6.28M), and Poland ($4.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$28.2M (35.6%)
Saint Vincent and the Grenadines$75.3k (84.7%)
Saint Lucia$74k (226%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Canada WERE (2021 - 2022):
Cuba-$636k (-99.6%)
China-$202k (-99.9%)
Mexico-$148k (-79.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Iron Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, Canada's main importing competitors in Iron Nails were:
United States $1.65B
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $30.4M
TOP IMPORT POTENTIALIndia+ $1.57M

Iron Nails’s highest export potential is United States. With an export gap of $30.4M.   Iron Nails’s highest import potential is India with an import gap of $1.57M.

See methodology.

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