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2022
Exports $249MWorld Rnk 11 / 156
Flag Rnk 240 / 1210
2022
Destination $13.8M United States
2021 - 2022
FASTEST GROWING MARKET $13.8MUnited States
2022
PRODUCT COMPLEXITY IN Iron Wire-0.35Rnk 661 / 1025
2022
Imports $204MWorld Rnk 15 / 216
Flag Rnk 402 / 1213
2022
Origin $13.8M United States
2021 - 2022
FASTEST GROWING ORIGIN $13.8MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $249M in Iron Wire, making it the 11th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 240th most exported product in Canada. The main destination of Iron Wire exports from Canada are: United States ($234M), New Zealand ($7.69M), Mexico ($3M), Switzerland ($1.5M), and Canada ($806k).

The fastest growing export markets for Iron Wire of Canada between 2021 and 2022 were United States ($13.8M), New Zealand ($770k), and Chinese Taipei ($205k).

Imports In 2022, Canada imported $204M in Iron Wire, becoming the 15th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 402nd most imported product in Canada. Canada imports Iron Wire primarily from: United States ($57.6M), China ($49.9M), South Korea ($23.4M), Turkey ($13.2M), and Spain ($9.86M).

The fastest growing import markets in Iron Wire for Canada between 2021 and 2022 were United States ($13.8M), Turkey ($4.31M), and France ($2.66M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Iron Wire exports accounted up to C$20.7M and imports accounted up to C$19.8M, resulting in a positive trade balance of C$916k. Between August 2023 and August 2024 the exports of Canada's   Iron Wire have decreased by C$-3.88M (-15.8%) from C$24.6M to C$20.7M, while imports decreased by C$-1.3M (-6.19%) from C$21.1M to C$19.8M.

Destinations In August 2024, Iron Wire were exported mostly to United States (C$19.9M), New Zealand (C$775k), and China (C$24.1k), and were imported mostly from China (C$6.39M), United States (C$6.34M), South Korea (C$1.64M), Turkey (C$955k), and Japan (C$579k).

Growth In August 2024, the decrease in Iron Wire's year-by-year exports was explained primarily by a decrease in exports to United States (C$-3.08M or -12.4%) and Vietnam (C$-88.8k or -99.6%). In August 2024, the decrease in Iron Wire's year-by-year imports was explained primarily by a decrease in imports from Spain (C$-2.03M or -72.4%), Italy (C$-2.01M or -75.1%), and China (C$-1.23M or -25.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-3.88M(-15.8%)
IMPORT GROWTH (August 2023 - August 2024)C$-1.3M(-6.19%)
MAIN EXPORTER (August 2024)QuebecC$13.7M
MAIN DESTINATION (August 2024)United StatesC$19.9M

This section shows Iron Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$249M
IMPORTS (2022)$204M
NET TRADE (2022)$45.3M

In 2022, Canada exported $249M in Iron Wire. The main destinations of Canada exports on Iron Wire were United States ($234M), New Zealand ($7.69M), Mexico ($3M), Switzerland ($1.5M), and Canada ($806k).

In 2022, Canada imported $204M in Iron Wire, mainly from United States ($57.6M), China ($49.9M), South Korea ($23.4M), Turkey ($13.2M), and Spain ($9.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$13.8M (6.25%)
New Zealand$770k (11.1%)
Chinese Taipei$205k (75.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY Canada WERE (2021 - 2022):
Mexico-$525k (-14.9%)
Germany-$257k (-94%)
Switzerland-$179k (-10.7%)
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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 Wire were:
China $3.4B
Italy $994M
Germany $566M
In 2022, Canada's main importing competitors in Iron Wire were:
United States $903M
Germany $877M
Saudi Arabia $540M

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.62M
TOP IMPORT POTENTIALChina+ $12.6M

Iron Wire’s highest export potential is United States. With an export gap of $7.62M.   Iron Wire’s highest import potential is China with an import gap of $12.6M.

See methodology.

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