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2022
Exports $320MWorld Rnk 23 / 126
Flag Rnk 218 / 1210
2022
Destination $28.8M United States
2021 - 2022
FASTEST GROWING MARKET $28.8MUnited States
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars-0.34Rnk 659 / 1025
2022
Imports $323MWorld Rnk 18 / 210
Flag Rnk 310 / 1213
2022
Origin $33.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $33.3MGermany
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $320M in Hot-Rolled Iron Bars, making it the 23rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 218th most exported product in Canada. The main destination of Hot-Rolled Iron Bars exports from Canada are: United States ($319M), India ($1.03M), Canada ($294k), Bermuda ($68.4k), and Pakistan ($45.5k).

The fastest growing export markets for Hot-Rolled Iron Bars of Canada between 2021 and 2022 were United States ($28.8M), India ($533k), and Bermuda ($68.4k).

Imports In 2022, Canada imported $323M in Hot-Rolled Iron Bars, becoming the 18th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 310th most imported product in Canada. Canada imports Hot-Rolled Iron Bars primarily from: Germany ($94M), Vietnam ($58.3M), United States ($54.5M), Turkey ($40.7M), and Mexico ($22.6M).

The fastest growing import markets in Hot-Rolled Iron Bars for Canada between 2021 and 2022 were Germany ($33.3M), Egypt ($11.2M), and China ($7.85M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Hot-Rolled Iron Bars exports accounted up to C$37M and imports accounted up to C$11.7M, resulting in a positive trade balance of C$25.3M. Between June 2023 and June 2024 the exports of Canada's   Hot-Rolled Iron Bars have increased by C$5.04M (15.7%) from C$32M to C$37M, while imports decreased by C$-10.8M (-48%) from C$22.6M to C$11.7M.

Destinations In June 2024, Hot-Rolled Iron Bars were exported mostly to United States (C$37M), and were imported mostly from Germany (C$6.53M), United States (C$4.39M), Brazil (C$400k), Greece (C$266k), and Sweden (C$75.3k).

Growth In June 2024, the increase in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-15.1M or -91.1%), Germany (C$-11.9M or -88.8%), and Vietnam (C$-5.11M or -44.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$5.04M(15.7%)
IMPORT GROWTH (June 2023 - June 2024)C$-10.8M(-48%)
MAIN EXPORTER (June 2024)OntarioC$29.1M
MAIN DESTINATION (June 2024)United StatesC$37M

This section shows Hot-Rolled 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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$320M
IMPORTS (2022)$323M
NET TRADE (2022)-$2.22M

In 2022, Canada exported $320M in Hot-Rolled Iron Bars. The main destinations of Canada exports on Hot-Rolled Iron Bars were United States ($319M), India ($1.03M), Canada ($294k), Bermuda ($68.4k), and Pakistan ($45.5k).

In 2022, Canada imported $323M in Hot-Rolled Iron Bars, mainly from Germany ($94M), Vietnam ($58.3M), United States ($54.5M), Turkey ($40.7M), and Mexico ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$28.8M (9.94%)
India$533k (108%)
Bermuda$68.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Canada WERE (2021 - 2022):
Canada-$885k (-75.1%)
Pakistan-$81.6k (-64.2%)
China-$24.4k (-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 Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
Malaysia $1.45B
In 2022, Canada's main importing competitors in Hot-Rolled Iron Bars were:
United States $1.29B
Germany $897M
Israel $826M

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $43M
TOP IMPORT POTENTIALChina+ $10.3M

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $43M.   Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $10.3M.

See methodology.

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