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2023
Exports $85.2MWorld Rnk 5 / 107
Flag Rnk 398 / 1212
2023
Destination $25.6M United States
2022 - 2023
FASTEST GROWING MARKET $25.6MUnited States
2023
PRODUCT COMPLEXITY IN Scrap Nickel-0.13Rnk 601 / 1025
2023
Imports $96.1MWorld Rnk 6 / 69
Flag Rnk 564 / 1211
2023
Origin $27.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $27.7MUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $85.2M in Scrap Nickel, making it the 5th largest exporter of Scrap Nickel in the world. At the same year, Scrap Nickel was the 398th most exported product in Canada. The main destination of Scrap Nickel exports from Canada are: United States ($80.1M), Germany ($2.98M), Japan ($1.18M), India ($459k), and Poland ($239k).

The fastest growing export markets for Scrap Nickel of Canada between 2022 and 2023 were United States ($25.6M), Japan ($904k), and India ($375k).

Imports In 2023, Canada imported $96.1M in Scrap Nickel, becoming the 6th largest importer of Scrap Nickel in the world. At the same year, Scrap Nickel was the 564th most imported product in Canada. Canada imports Scrap Nickel primarily from: United States ($87.8M), United Kingdom ($2.52M), Saudi Arabia ($1.52M), India ($1.23M), and France ($843k).

The fastest growing import markets in Scrap Nickel for Canada between 2022 and 2023 were United States ($27.7M), India ($1.13M), and United Kingdom ($597k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Scrap Nickel exports accounted up to C$8.81M and imports accounted up to C$8.46M, resulting in a positive trade balance of C$351k. Between November 2023 and November 2024 the exports of Canada's   Scrap Nickel have increased by C$1.4M (18.8%) from C$7.42M to C$8.81M, while imports decreased by C$-2.54M (-23.1%) from C$11M to C$8.46M.

Destinations In November 2024, Scrap Nickel were exported mostly to United States (C$8.81M), and were imported mostly from United States (C$7.73M), Japan (C$436k), United Kingdom (C$122k), India (C$95.7k), and Australia (C$47.2k).

Growth In November 2024, the increase in Scrap Nickel's year-by-year exports was explained primarily by an increase in exports to United States (C$5.14M or 132%). In November 2024, the decrease in Scrap Nickel's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$1.4M(18.8%)
IMPORT GROWTH (November 2023 - November 2024)C$-2.54M(-23.1%)
MAIN EXPORTER (November 2024)QuebecC$6.33M
MAIN DESTINATION (November 2024)United StatesC$8.81M

This section shows Scrap Nickel'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 Scrap Nickel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$85.2M
IMPORTS (2023)$96.1M
NET TRADE (2023)-$10.9M

In 2023, Canada exported $85.2M in Scrap Nickel. The main destinations of Canada exports on Scrap Nickel were United States ($80.1M), Germany ($2.98M), Japan ($1.18M), India ($459k), and Poland ($239k).

In 2023, Canada imported $96.1M in Scrap Nickel, mainly from United States ($87.8M), United Kingdom ($2.52M), Saudi Arabia ($1.52M), India ($1.23M), and France ($843k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Nickel EXPORT MARKETS FOR Canada WERE (2022 - 2023):
United States$25.6M (47.1%)
Japan$904k (330%)
India$375k (450%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Nickel BY Canada WERE (2022 - 2023):
Brazil-$502k (-100%)
United Kingdom-$479k (-91.4%)
Germany-$305k (-9.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Scrap Nickel were:
United Kingdom $209M
United States $165M
Germany $164M
In 2023, Canada's main importing competitors in Scrap Nickel were:
United States $480M
United Kingdom $185M
Japan $148M

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Trade Value of Scrap Nickel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.69M
TOP IMPORT POTENTIALUnited Kingdom+ $983k

Scrap Nickel’s highest export potential is United States. With an export gap of $8.69M.   Scrap Nickel’s highest import potential is United Kingdom with an import gap of $983k.

See methodology.

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