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2022
Exports $1.56BWorld Rnk 13 / 165
Flag Rnk 60 / 1210
2022
Destination $206M United States
2021 - 2022
FASTEST GROWING MARKET $206MUnited States
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.04Rnk 538 / 1025
2022
Imports $1.47BWorld Rnk 11 / 218
Flag Rnk 81 / 1213
2022
Origin $107M United States
2021 - 2022
FASTEST GROWING ORIGIN $107MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $1.56B in Coated Flat-Rolled Iron, making it the 13th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 60th most exported product in Canada. The main destination of Coated Flat-Rolled Iron exports from Canada are: United States ($1.45B), Canada ($46.3M), Mexico ($32.4M), Bangladesh ($12.3M), and Italy ($3.87M).

The fastest growing export markets for Coated Flat-Rolled Iron of Canada between 2021 and 2022 were United States ($206M), Mexico ($16.3M), and Canada ($8.45M).

Imports In 2022, Canada imported $1.47B in Coated Flat-Rolled Iron, becoming the 11th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 81st most imported product in Canada. Canada imports Coated Flat-Rolled Iron primarily from: United States ($724M), Chinese Taipei ($118M), South Korea ($114M), Vietnam ($113M), and China ($105M).

The fastest growing import markets in Coated Flat-Rolled Iron for Canada between 2021 and 2022 were United States ($107M), Turkey ($12.7M), and Canada ($8.45M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Coated Flat-Rolled Iron exports accounted up to C$157M and imports accounted up to C$198M, resulting in a negative trade balance of C$41.4M. Between June 2023 and June 2024 the exports of Canada's   Coated Flat-Rolled Iron have decreased by C$-4.56M (-2.82%) from C$162M to C$157M, while imports increased by C$32.4M (19.5%) from C$166M to C$198M.

Destinations In June 2024, Coated Flat-Rolled Iron were exported mostly to United States (C$149M), Mexico (C$5.22M), Bangladesh (C$2.09M), Japan (C$110k), and China (C$59.4k), and were imported mostly from United States (C$77.1M), South Korea (C$34.2M), Turkey (C$22.9M), Chinese Taipei (C$15.2M), and Thailand (C$10.1M).

Growth In June 2024, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to United States (C$-2.04M or -1.27%). In June 2024, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from United States (C$14.3M or 20.4%), Australia (C$4.69M or 5.27k%), and Japan (C$1.48M or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-4.56M(-2.82%)
IMPORT GROWTH (June 2023 - June 2024)C$32.4M(19.5%)
MAIN EXPORTER (June 2024)OntarioC$189M
MAIN DESTINATION (June 2024)United StatesC$149M

This section shows Coated Flat-Rolled Iron'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 Coated Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.56B
IMPORTS (2022)$1.47B
NET TRADE (2022)$87M

In 2022, Canada exported $1.56B in Coated Flat-Rolled Iron. The main destinations of Canada exports on Coated Flat-Rolled Iron were United States ($1.45B), Canada ($46.3M), Mexico ($32.4M), Bangladesh ($12.3M), and Italy ($3.87M).

In 2022, Canada imported $1.47B in Coated Flat-Rolled Iron, mainly from United States ($724M), Chinese Taipei ($118M), South Korea ($114M), Vietnam ($113M), and China ($105M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$206M (16.5%)
Mexico$16.3M (101%)
Canada$8.45M (22.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY Canada WERE (2021 - 2022):
India-$1.13M (-54.3%)
Japan-$1.08M (-88.5%)
Cuba-$864k (-94.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Coated Flat-Rolled Iron were:
China $18B
South Korea $7.45B
Germany $4.59B
In 2022, Canada's main importing competitors in Coated Flat-Rolled Iron were:
United States $7.12B
Germany $3.93B
Poland $3.01B

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $124M
TOP IMPORT POTENTIALChina+ $73.2M

Coated Flat-Rolled Iron’s highest export potential is United States. With an export gap of $124M.   Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $73.2M.

See methodology.

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