2022
Exports
$1.07MWorld Rnk 31 / 80
Flag Rnk 1029 / 1210
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$5.85MWorld Rnk 26 / 144
Flag Rnk 1019 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.07M in Rare-Earth Metal Compounds, making it the 31st largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1029th most exported product in Canada. The main destination of Rare-Earth Metal Compounds exports from Canada are: United States ($809k), Japan ($55.5k), South Africa ($41.5k), Malaysia ($40k), and Netherlands ($33.2k).

The fastest growing export markets for Rare-Earth Metal Compounds of Canada between 2021 and 2022 were South Africa ($27.7k), Belgium ($27.5k), and Malaysia ($22k).

Imports In 2022, Canada imported $5.85M in Rare-Earth Metal Compounds, becoming the 26th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1019th most imported product in Canada. Canada imports Rare-Earth Metal Compounds primarily from: China ($2.4M), United States ($2.37M), Japan ($635k), France ($232k), and Vietnam ($91.7k).

The fastest growing import markets in Rare-Earth Metal Compounds for Canada between 2021 and 2022 were China ($1.77M), France ($232k), and Japan ($215k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$1.62M(18.9k%)
IMPORT GROWTH (June 2023 - June 2024)C$-681k(-74.5%)
MAIN EXPORTER (June 2024)OntarioC$1.62M
MAIN DESTINATION (June 2024)United StatesC$1.59M

This section shows Rare-Earth Metal Compounds'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 Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.07M
IMPORTS (2022)$5.85M
NET TRADE (2022)-$4.78M

In 2022, Canada exported $1.07M in Rare-Earth Metal Compounds. The main destinations of Canada exports on Rare-Earth Metal Compounds were United States ($809k), Japan ($55.5k), South Africa ($41.5k), Malaysia ($40k), and Netherlands ($33.2k).

In 2022, Canada imported $5.85M in Rare-Earth Metal Compounds, mainly from China ($2.4M), United States ($2.37M), Japan ($635k), France ($232k), and Vietnam ($91.7k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Africa$27.7k (201%)
Belgium$27.5k (14.6k%)
Malaysia$22k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Canada WERE (2021 - 2022):
United States-$296k (-26.8%)
Netherlands-$119k (-78.2%)
United Kingdom-$84.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, Canada's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $659k
TOP IMPORT POTENTIALChina+ $854k

Rare-Earth Metal Compounds’s highest export potential is United States. With an export gap of $659k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $854k.

See methodology.

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