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2022
Exports $1.15BWorld Rnk 4 / 177
Flag Rnk 83 / 1210
2022
Destination $2.45M Norway
2021 - 2022
FASTEST GROWING MARKET $2.45MMalaysia
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $3.02BWorld Rnk 2 / 118
Flag Rnk 30 / 1213
2022
Origin $92.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $92.9MAustralia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.15B in Precious Metal Scraps, making it the 4th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 83rd most exported product in Canada. The main destination of Precious Metal Scraps exports from Canada are: Norway ($527M), Germany ($353M), United States ($220M), Italy ($31.6M), and Japan ($9.03M).

The fastest growing export markets for Precious Metal Scraps of Canada between 2021 and 2022 were Malaysia ($2.45M), China ($77.2k), and France ($50.6k).

Imports In 2022, Canada imported $3.02B in Precious Metal Scraps, becoming the 2nd largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 30th most imported product in Canada. Canada imports Precious Metal Scraps primarily from: United States ($2.8B), Australia ($174M), India ($9.34M), Turkey ($6.98M), and Lithuania ($6.63M).

The fastest growing import markets in Precious Metal Scraps for Canada between 2021 and 2022 were Australia ($92.9M), India ($9.05M), and Turkey ($6.98M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Precious Metal Scraps exports accounted up to C$71.5M and imports accounted up to C$532M, resulting in a negative trade balance of C$460M. Between June 2023 and June 2024 the exports of Canada's   Precious Metal Scraps have decreased by C$-101M (-58.4%) from C$172M to C$71.5M, while imports increased by C$143M (36.8%) from C$389M to C$532M.

Destinations In June 2024, Precious Metal Scraps were exported mostly to United States (C$38.3M), Norway (C$18.3M), Italy (C$10.1M), Germany (C$3.48M), and South Korea (C$1.04M), and were imported mostly from United States (C$474M), Indonesia (C$33.4M), Spain (C$23.2M), Mexico (C$605k), and Switzerland (C$205k).

Growth In June 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to United States (C$-22.4M or -38%) and Japan (C$-324k or -26%). In June 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from United States (C$118M or 41.7%), Mexico (C$694k or 560%), and Canada (C$992 or 32.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-101M(-58.4%)
IMPORT GROWTH (June 2023 - June 2024)C$143M(36.8%)
MAIN EXPORTER (June 2024)OntarioC$114M
MAIN DESTINATION (June 2024)United StatesC$38.3M

This section shows Precious Metal Scraps'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 Precious Metal Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.15B
IMPORTS (2022)$3.02B
NET TRADE (2022)-$1.87B

In 2022, Canada exported $1.15B in Precious Metal Scraps. The main destinations of Canada exports on Precious Metal Scraps were Norway ($527M), Germany ($353M), United States ($220M), Italy ($31.6M), and Japan ($9.03M).

In 2022, Canada imported $3.02B in Precious Metal Scraps, mainly from United States ($2.8B), Australia ($174M), India ($9.34M), Turkey ($6.98M), and Lithuania ($6.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Malaysia$2.45M (1.75k%)
China$77.2k (57.9%)
France$50.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Canada WERE (2021 - 2022):
Norway-$92M (-14.8%)
United States-$11M (-4.78%)
Italy-$7.21M (-18.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, Canada's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Japan $2.87B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $174M
TOP IMPORT POTENTIALIndia+ $11.3M

Precious Metal Scraps’s highest export potential is United States. With an export gap of $174M.   Precious Metal Scraps’s highest import potential is India with an import gap of $11.3M.

See methodology.

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