2022
Exports
$423MWorld Rnk 12 / 149
Flag Rnk 194 / 1210
2022
PRODUCT COMPLEXITY IN Other Steel Bars
0.29Rnk 456 / 1025
2022
Imports
$511MWorld Rnk 7 / 218
Flag Rnk 220 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $423M in Other Steel Bars, making it the 12th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 194th most exported product in Canada. The main destination of Other Steel Bars exports from Canada are: United States ($210M), Mexico ($179M), Canada ($6.61M), Peru ($6.4M), and Australia ($4.05M).

The fastest growing export markets for Other Steel Bars of Canada between 2021 and 2022 were United States ($27.6M), Mexico ($15.1M), and Colombia ($987k).

Imports In 2022, Canada imported $511M in Other Steel Bars, becoming the 7th largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 220th most imported product in Canada. Canada imports Other Steel Bars primarily from: United States ($285M), China ($64.1M), Germany ($31.5M), South Korea ($25M), and Spain ($19.6M).

The fastest growing import markets in Other Steel Bars for Canada between 2021 and 2022 were United States ($48.3M), China ($26.2M), and South Korea ($20.8M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-31.3M(-61.5%)
IMPORT GROWTH (June 2023 - June 2024)C$3.99M(6.75%)
MAIN EXPORTER (June 2024)QuebecC$15.6M
MAIN DESTINATION (June 2024)United StatesC$18.4M

This section shows Other Steel 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 Other Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$423M
IMPORTS (2022)$511M
NET TRADE (2022)-$87.5M

In 2022, Canada exported $423M in Other Steel Bars. The main destinations of Canada exports on Other Steel Bars were United States ($210M), Mexico ($179M), Canada ($6.61M), Peru ($6.4M), and Australia ($4.05M).

In 2022, Canada imported $511M in Other Steel Bars, mainly from United States ($285M), China ($64.1M), Germany ($31.5M), South Korea ($25M), and Spain ($19.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$27.6M (15.1%)
Mexico$15.1M (9.22%)
Colombia$987k (43.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY Canada WERE (2021 - 2022):
Indonesia-$1.9M (-99.1%)
South Africa-$1.51M (-54.3%)
Peru-$563k (-8.08%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Other Steel Bars were:
China $3.04B
Germany $1.79B
Japan $1.06B
In 2022, Canada's main importing competitors in Other Steel Bars were:

Explore Visualizations

Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $45.9M
TOP IMPORT POTENTIALChina+ $19.3M

Other Steel Bars’s highest export potential is United States. With an export gap of $45.9M.   Other Steel Bars’s highest import potential is China with an import gap of $19.3M.

See methodology.

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