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2022
Exports $76.1MWorld Rnk 21 / 131
Flag Rnk 428 / 1210
2022
Destination $6.61M United States
2021 - 2022
FASTEST GROWING MARKET $6.61MUnited States
2022
PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron0.57Rnk 337 / 1025
2022
Imports $185MWorld Rnk 9 / 213
Flag Rnk 423 / 1213
2022
Origin $27.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $27.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $76.1M in Large Coated Flat-Rolled Iron, making it the 21st largest exporter of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 428th most exported product in Canada. The main destination of Large Coated Flat-Rolled Iron exports from Canada are: United States ($71.5M), Bangladesh ($2.56M), Canada ($817k), China ($506k), and Indonesia ($209k).

The fastest growing export markets for Large Coated Flat-Rolled Iron of Canada between 2021 and 2022 were United States ($6.61M), Bangladesh ($1.26M), and Canada ($494k).

Imports In 2022, Canada imported $185M in Large Coated Flat-Rolled Iron, becoming the 9th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 423rd most imported product in Canada. Canada imports Large Coated Flat-Rolled Iron primarily from: United States ($143M), South Korea ($8.04M), Turkey ($6.21M), Vietnam ($5.63M), and China ($5.52M).

The fastest growing import markets in Large Coated Flat-Rolled Iron for Canada between 2021 and 2022 were United States ($27.5M), China ($1.89M), and Chinese Taipei ($1.86M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Large Coated Flat-Rolled Iron exports accounted up to C$6.97M and imports accounted up to C$19M, resulting in a negative trade balance of C$12M. Between August 2023 and August 2024 the exports of Canada's   Large Coated Flat-Rolled Iron have increased by C$880k (14.4%) from C$6.09M to C$6.97M, while imports decreased by C$-2.93M (-13.4%) from C$21.9M to C$19M.

Destinations In August 2024, Large Coated Flat-Rolled Iron were exported mostly to United States (C$5.58M), Mexico (C$553k), Bangladesh (C$486k), Belgium (C$313k), and China (C$28.4k), and were imported mostly from United States (C$13.6M), Turkey (C$2.45M), China (C$921k), France (C$509k), and Germany (C$417k).

Growth In August 2024, the increase in Large Coated Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Bangladesh (C$157k or 68.3%). In August 2024, the decrease in Large Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Turkey (C$-1.63M or -88.6%), Sweden (C$-1.03M or -94.3%), and United States (C$-895k or -5.73%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$880k(14.4%)
IMPORT GROWTH (August 2023 - August 2024)C$-2.93M(-13.4%)
MAIN EXPORTER (August 2024)OntarioC$9.81M
MAIN DESTINATION (August 2024)United StatesC$5.58M

This section shows Large Coated Flat-Rolled Iron'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 Large Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$76.1M
IMPORTS (2022)$185M
NET TRADE (2022)-$109M

In 2022, Canada exported $76.1M in Large Coated Flat-Rolled Iron. The main destinations of Canada exports on Large Coated Flat-Rolled Iron were United States ($71.5M), Bangladesh ($2.56M), Canada ($817k), China ($506k), and Indonesia ($209k).

In 2022, Canada imported $185M in Large Coated Flat-Rolled Iron, mainly from United States ($143M), South Korea ($8.04M), Turkey ($6.21M), Vietnam ($5.63M), and China ($5.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.61M (10.2%)
Bangladesh$1.26M (96.6%)
Canada$494k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY Canada WERE (2021 - 2022):
Mexico-$432k (-92.4%)
China-$182k (-26.5%)
Cuba-$90.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Large Coated Flat-Rolled Iron were:
China $1B
Germany $993M
United States $429M
In 2022, Canada's main importing competitors in Large Coated Flat-Rolled Iron were:
Germany $519M
France $505M
United States $385M

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Trade Value of Large Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.27M
TOP IMPORT POTENTIALChina+ $7.27M

Large Coated Flat-Rolled Iron’s highest export potential is United States. With an export gap of $5.27M.   Large Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $7.27M.

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