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2022
Exports $34.5MWorld Rnk 14 / 89
Flag Rnk 571 / 1210
2022
Destination $19.7M Germany
2021 - 2022
FASTEST GROWING MARKET $19.7MGermany
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $1.87MWorld Rnk 50 / 144
Flag Rnk 1112 / 1213
2022
Origin $418k United States
2021 - 2022
FASTEST GROWING ORIGIN $418kUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $34.5M in Iron Reductions, making it the 14th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 571st most exported product in Canada. The main destination of Iron Reductions exports from Canada are: Germany ($33.2M), United States ($1.15M), India ($151k), Thailand ($15.1k), and Poland ($3.75k).

The fastest growing export markets for Iron Reductions of Canada between 2021 and 2022 were Germany ($19.7M), India ($112k), and Canada ($789).

Imports In 2018, Canada imported $1.87M in Iron Reductions, becoming the 50th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1112th most imported product in Canada. Canada imports Iron Reductions primarily from: United States ($1.85M), China ($8.55k), Norway ($5.39k), Italy ($2.71k), and India ($2.56k).

The fastest growing import markets in Iron Reductions for Canada between 2021 and 2022 were United States ($418k), Norway ($5.39k), and China ($2.08k).

Latest Trends

April 2024

About

Overview In April 2024 Canada's Iron Reductions exports accounted up to C$7.13M and imports accounted up to C$72.6k, resulting in a positive trade balance of C$7.06M. Between August 2022 and April 2024 the exports of Canada's   Iron Reductions have increased by C$7.01M (5.51k%) from C$127k to C$7.13M, while imports decreased by C$-9.58k (-11.7%) from C$82.1k to C$72.6k.

Destinations In April 2024, Iron Reductions were exported mostly to , and were imported mostly from United States (C$67.9k), Belgium (C$3.56k), China (C$1.14k), and Hong Kong (C$1).

Growth In April 2024, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from United States (C$-159k or -99.7%) and India (C$-922 or -85%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - April 2024)C$7.01M(5.51k%)
IMPORT GROWTH (July 2023 - July 2024)C$-9.58k(-11.7%)
MAIN EXPORTER (April 2024)QuebecC$7.11M
MAIN DESTINATION (April 2024)

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.5M
IMPORTS (2022)$1.87M
NET TRADE (2022)$32.6M

In 2022, Canada exported $34.5M in Iron Reductions. The main destinations of Canada exports on Iron Reductions were Germany ($33.2M), United States ($1.15M), India ($151k), Thailand ($15.1k), and Poland ($3.75k).

In 2022, Canada imported $1.87M in Iron Reductions, mainly from United States ($1.85M), China ($8.55k), Norway ($5.39k), Italy ($2.71k), and India ($2.56k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Germany$19.7M (146%)
India$112k (292%)
Canada$789 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Canada WERE (2021 - 2022):
United States-$161k (-12.3%)
United Arab Emirates-$154k (-100%)
Poland-$13.1k (-77.7%)
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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 Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, Canada's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.25M
TOP IMPORT POTENTIALUnited States+ $1.02M

Iron Reductions’s highest export potential is United States. With an export gap of $3.25M.   Iron Reductions’s highest import potential is United States with an import gap of $1.02M.

See methodology.

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