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2023
Exports $58.6MWorld Rnk 10 / 137
Flag Rnk 467 / 1212
2023
Destination $7.29M United States
2022 - 2023
FASTEST GROWING MARKET $7.29MUnited States
2023
PRODUCT COMPLEXITY IN Other Nickel Products1.36Rnk 67 / 1025
2023
Imports $127MWorld Rnk 7 / 195
Flag Rnk 508 / 1211
2023
Origin $49.9M United States
2022 - 2023
FASTEST GROWING ORIGIN $49.9MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $58.6M in Other Nickel Products, making it the 10th largest exporter of Other Nickel Products in the world. At the same year, Other Nickel Products was the 467th most exported product in Canada. The main destination of Other Nickel Products exports from Canada are: United States ($32.3M), China ($3.79M), France ($3.27M), Brazil ($2.47M), and Netherlands ($2.32M).

The fastest growing export markets for Other Nickel Products of Canada between 2022 and 2023 were United States ($7.29M), Japan ($2.06M), and China ($1.22M).

Imports In 2023, Canada imported $127M in Other Nickel Products, becoming the 7th largest importer of Other Nickel Products in the world. At the same year, Other Nickel Products was the 508th most imported product in Canada. Canada imports Other Nickel Products primarily from: United States ($98.1M), United Kingdom ($10.3M), China ($4.54M), France ($1.94M), and Mexico ($1.88M).

The fastest growing import markets in Other Nickel Products for Canada between 2022 and 2023 were United States ($49.9M), United Kingdom ($4.8M), and Japan ($923k).

COMPANIES In 2024, leading companies such as Costco Wholesale (1) were at the forefront of shipping Other Nickel Products from Canada to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Canada's Other Nickel Products exports accounted up to C$8.09M and imports accounted up to C$18.4M, resulting in a negative trade balance of C$10.3M. Between December 2023 and December 2024 the exports of Canada's   Other Nickel Products have increased by C$4.68M (137%) from C$3.41M to C$8.09M, while imports increased by C$2.59M (16.3%) from C$15.8M to C$18.4M.

Destinations In December 2024, Other Nickel Products were exported mostly to United States (C$6.77M), France (C$452k), Germany (C$321k), Poland (C$240k), and United Kingdom (C$228k), and were imported mostly from United States (C$13.3M), United Kingdom (C$1.27M), France (C$930k), Japan (C$614k), and Mexico (C$466k).

Growth In December 2024, the increase in Other Nickel Products's year-by-year exports was explained primarily by an increase in exports to United States (C$1.17M or 47.8%), Germany (C$110k or 101%), and Poland (C$68k or 63.6%). In December 2024, the increase in Other Nickel Products's year-by-year imports was explained primarily by an increase in imports from China (C$528k or 155%), Japan (C$282k or 582%), and Mexico (C$160k or 209%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)C$4.68M(137%)
IMPORT GROWTH (December 2023 - December 2024)C$2.59M(16.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United StatesC$6.77M

This section shows Other Nickel Products'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 Other Nickel Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$58.6M
IMPORTS (2023)$127M
NET TRADE (2023)-$68M

In 2023, Canada exported $58.6M in Other Nickel Products. The main destinations of Canada exports on Other Nickel Products were United States ($32.3M), China ($3.79M), France ($3.27M), Brazil ($2.47M), and Netherlands ($2.32M).

In 2023, Canada imported $127M in Other Nickel Products, mainly from United States ($98.1M), United Kingdom ($10.3M), China ($4.54M), France ($1.94M), and Mexico ($1.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Nickel Products EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$7.29M (29.1%)
Japan$2.06M (914%)
China$1.22M (47.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nickel Products BY Canada WERE (2022 - 2023):
Brazil-$17.4M (-87.5%)
Chinese Taipei-$2.33M (-80.7%)
Singapore-$721k (-37.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Other Nickel Products were:
United States $1.25B
United Kingdom $306M
France $218M
In 2023, Canada's main importing competitors in Other Nickel Products were:
United States $447M
China $291M
United Kingdom $266M

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Trade Value of Other Nickel Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.53M
TOP IMPORT POTENTIALUnited States+ $8.81M

Other Nickel Products’s highest export potential is United States. With an export gap of $7.53M.   Other Nickel Products’s highest import potential is United States with an import gap of $8.81M.

See methodology.

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