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2022
Exports $14.8MWorld Rnk 21 / 97
Flag Rnk 718 / 1210
2022
Destination $6.08M United States
2021 - 2022
FASTEST GROWING MARKET $6.08MUnited States
2022
PRODUCT COMPLEXITY IN Nickel Bars1.16Rnk 113 / 1025
2022
Imports $62.7MWorld Rnk 14 / 170
Flag Rnk 658 / 1213
2022
Origin $15.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $15.6MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $14.8M in Nickel Bars, making it the 21st largest exporter of Nickel Bars in the world. At the same year, Nickel Bars was the 718th most exported product in Canada. The main destination of Nickel Bars exports from Canada are: United States ($13.3M), Malaysia ($487k), Germany ($225k), South Africa ($221k), and France ($77.7k).

The fastest growing export markets for Nickel Bars of Canada between 2021 and 2022 were United States ($6.08M), Malaysia ($487k), and Germany ($216k).

Imports In 2022, Canada imported $62.7M in Nickel Bars, becoming the 14th largest importer of Nickel Bars in the world. At the same year, Nickel Bars was the 658th most imported product in Canada. Canada imports Nickel Bars primarily from: United States ($45.4M), China ($4.35M), Italy ($4.35M), Germany ($3.29M), and France ($1.61M).

The fastest growing import markets in Nickel Bars for Canada between 2021 and 2022 were United States ($15.6M), Italy ($4.08M), and China ($3.18M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Nickel Bars exports accounted up to C$908k and imports accounted up to C$6.37M, resulting in a negative trade balance of C$5.46M. Between July 2023 and July 2024 the exports of Canada's   Nickel Bars have increased by C$357k (64.8%) from C$551k to C$908k, while imports decreased by C$-3.81M (-37.4%) from C$10.2M to C$6.37M.

Destinations In July 2024, Nickel Bars were exported mostly to United States (C$871k) and South Africa (C$36.8k), and were imported mostly from United States (C$2.76M), China (C$1.16M), France (C$701k), Germany (C$473k), and Italy (C$381k).

Growth In July 2024, the increase in Nickel Bars's year-by-year exports was explained primarily by an increase in exports to United States (C$4.3k or 0.55%). In July 2024, the decrease in Nickel Bars's year-by-year imports was explained primarily by a decrease in imports from Sweden (C$-62k or -40.8%), Japan (C$-61.7k or -76.3%), and Chinese Taipei (C$-14.4k or -72.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$357k(64.8%)
IMPORT GROWTH (July 2023 - July 2024)C$-3.81M(-37.4%)
MAIN EXPORTER (July 2024)OntarioC$912k
MAIN DESTINATION (July 2024)United StatesC$871k

This section shows Nickel Bars'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 Nickel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.8M
IMPORTS (2022)$62.7M
NET TRADE (2022)-$47.9M

In 2022, Canada exported $14.8M in Nickel Bars. The main destinations of Canada exports on Nickel Bars were United States ($13.3M), Malaysia ($487k), Germany ($225k), South Africa ($221k), and France ($77.7k).

In 2022, Canada imported $62.7M in Nickel Bars, mainly from United States ($45.4M), China ($4.35M), Italy ($4.35M), Germany ($3.29M), and France ($1.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nickel Bars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$6.08M (84.4%)
Malaysia$487k (738k%)
Germany$216k (2.57k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nickel Bars BY Canada WERE (2021 - 2022):
India-$358k (-87.5%)
China-$234k (-79.3%)
Canada-$189k (-88.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Nickel Bars were:
United States $976M
Germany $530M
France $397M
In 2022, Canada's main importing competitors in Nickel Bars were:
United States $540M
Germany $390M
China $337M

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Trade Value of Nickel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.27M
TOP IMPORT POTENTIALUnited States+ $9.41M

Nickel Bars’s highest export potential is United States. With an export gap of $5.27M.   Nickel Bars’s highest import potential is United States with an import gap of $9.41M.

See methodology.

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