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2022
Exports $285MWorld Rnk 21 / 162
Flag Rnk 228 / 1210
2022
Destination $99.9M United States
2021 - 2022
FASTEST GROWING MARKET $99.9MUnited States
2022
PRODUCT COMPLEXITY IN Raw Iron Bars-1.3Rnk 911 / 1025
2022
Imports $808MWorld Rnk 5 / 217
Flag Rnk 147 / 1213
2022
Origin $66.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $66.5MThailand
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $285M in Raw Iron Bars, making it the 21st largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 228th most exported product in Canada. The main destination of Raw Iron Bars exports from Canada are: United States ($282M), Canada ($2.09M), Mexico ($1.1M), Netherlands ($185k), and Kuwait ($75.2k).

The fastest growing export markets for Raw Iron Bars of Canada between 2021 and 2022 were United States ($99.9M), Mexico ($770k), and Netherlands ($185k).

Imports In 2022, Canada imported $808M in Raw Iron Bars, becoming the 5th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 147th most imported product in Canada. Canada imports Raw Iron Bars primarily from: United States ($271M), Turkey ($180M), United Arab Emirates ($108M), Vietnam ($83.4M), and Thailand ($80.4M).

The fastest growing import markets in Raw Iron Bars for Canada between 2021 and 2022 were Thailand ($66.5M), United Arab Emirates ($55.3M), and Mexico ($24.2M).

Latest Trends

August 2024

About

Overview In August 2024 Canada's Raw Iron Bars exports accounted up to C$19.5M and imports accounted up to C$31.5M, resulting in a negative trade balance of C$11.9M. Between August 2023 and August 2024 the exports of Canada's   Raw Iron Bars have decreased by C$-10.4M (-34.7%) from C$29.9M to C$19.5M, while imports decreased by C$-77.2M (-71.1%) from C$109M to C$31.5M.

Destinations In August 2024, Raw Iron Bars were exported mostly to United States (C$19.5M) and Thailand (C$4.59k), and were imported mostly from United States (C$22.1M), Turkey (C$6.37M), Chinese Taipei (C$1.05M), Germany (C$749k), and China (C$324k).

Growth In August 2024, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to United States (C$-1.95M or -7.35%) and Cuba (C$-14.6k or -57.5%). In August 2024, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (C$-856k or -38.9%), Germany (C$-760k or -95.7%), and Mexico (C$-109k or -10.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-10.4M(-34.7%)
IMPORT GROWTH (August 2023 - August 2024)C$-77.2M(-71.1%)
MAIN EXPORTER (August 2024)QuebecC$19.3M
MAIN DESTINATION (August 2024)United StatesC$19.5M

This section shows Raw Iron 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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$285M
IMPORTS (2022)$808M
NET TRADE (2022)-$523M

In 2022, Canada exported $285M in Raw Iron Bars. The main destinations of Canada exports on Raw Iron Bars were United States ($282M), Canada ($2.09M), Mexico ($1.1M), Netherlands ($185k), and Kuwait ($75.2k).

In 2022, Canada imported $808M in Raw Iron Bars, mainly from United States ($271M), Turkey ($180M), United Arab Emirates ($108M), Vietnam ($83.4M), and Thailand ($80.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$99.9M (55%)
Mexico$770k (231%)
Netherlands$185k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY Canada WERE (2021 - 2022):
Canada-$511k (-19.6%)
Bahamas-$61.5k (-100%)
Japan-$41.8k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Raw Iron Bars were:
Turkey $4.24B
Malaysia $1.83B
Italy $1.71B
In 2022, Canada's main importing competitors in Raw Iron Bars were:
Hong Kong $1.93B
Germany $1.72B
United States $1.58B

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Trade Value of Raw Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.2M
TOP IMPORT POTENTIALMexico+ $8.3M

Raw Iron Bars’s highest export potential is United States. With an export gap of $47.2M.   Raw Iron Bars’s highest import potential is Mexico with an import gap of $8.3M.

See methodology.

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