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2022
Exports $170MWorld Rnk 10 / 136
Flag Rnk 314 / 1210
2022
Destination $31.9M United States
2021 - 2022
FASTEST GROWING MARKET $31.9MUnited States
2022
PRODUCT COMPLEXITY IN Iron Radiators0.62Rnk 311 / 1025
2022
Imports $564MWorld Rnk 1 / 206
Flag Rnk 202 / 1213
2022
Origin $97.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $97.4MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $170M in Iron Radiators, making it the 10th largest exporter of Iron Radiators in the world. At the same year, Iron Radiators was the 314th most exported product in Canada. The main destination of Iron Radiators exports from Canada are: United States ($163M), Mexico ($2.77M), China ($930k), Canada ($593k), and Belgium ($533k).

The fastest growing export markets for Iron Radiators of Canada between 2021 and 2022 were United States ($31.9M), Mexico ($1.62M), and China ($177k).

Imports In 2022, Canada imported $564M in Iron Radiators, becoming the 1st largest importer of Iron Radiators in the world. At the same year, Iron Radiators was the 202nd most imported product in Canada. Canada imports Iron Radiators primarily from: United States ($455M), Mexico ($77.8M), China ($12.3M), Poland ($6.52M), and Belgium ($4M).

The fastest growing import markets in Iron Radiators for Canada between 2021 and 2022 were United States ($97.4M), Mexico ($6.61M), and Poland ($918k).

COMPANIES In 2023, leading companies such as Celebrity Cruises (1) were at the forefront of shipping Iron Radiators from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Iron Radiators exports accounted up to C$9.67M and imports accounted up to C$42.2M, resulting in a negative trade balance of C$32.5M. Between June 2023 and June 2024 the exports of Canada's   Iron Radiators have decreased by C$-1.94M (-16.7%) from C$11.6M to C$9.67M, while imports decreased by C$-6.57M (-13.5%) from C$48.8M to C$42.2M.

Destinations In June 2024, Iron Radiators were exported mostly to United States (C$9.26M), China (C$167k), Belgium (C$120k), Mexico (C$72.6k), and Peru (C$19.9k), and were imported mostly from United States (C$31.9M), Mexico (C$5.83M), Poland (C$1.67M), Belgium (C$1.37M), and Germany (C$442k).

Growth In June 2024, the decrease in Iron Radiators's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Iron Radiators's year-by-year imports was explained primarily by a decrease in imports from Mexico (C$-3.57M or -46.5%), United States (C$-1.65M or -4.99%), and Belgium (C$-264k or -37.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-1.94M(-16.7%)
IMPORT GROWTH (June 2023 - June 2024)C$-6.57M(-13.5%)
MAIN EXPORTER (June 2024)OntarioC$8.33M
MAIN DESTINATION (June 2024)United StatesC$9.26M

This section shows Iron Radiators'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 Iron Radiators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$170M
IMPORTS (2022)$564M
NET TRADE (2022)-$394M

In 2022, Canada exported $170M in Iron Radiators. The main destinations of Canada exports on Iron Radiators were United States ($163M), Mexico ($2.77M), China ($930k), Canada ($593k), and Belgium ($533k).

In 2022, Canada imported $564M in Iron Radiators, mainly from United States ($455M), Mexico ($77.8M), China ($12.3M), Poland ($6.52M), and Belgium ($4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Radiators EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$31.9M (24.4%)
Mexico$1.62M (141%)
China$177k (23.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Radiators BY Canada WERE (2021 - 2022):
Belgium-$347k (-39.4%)
Poland-$168k (-65.4%)
Sweden-$167k (-85.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Iron Radiators were:
Turkey $533M
United States $528M
China $320M
In 2022, Canada's main importing competitors in Iron Radiators were:
United States $432M
Germany $399M

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Trade Value of Iron Radiators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.25M
TOP IMPORT POTENTIALChina+ $6.54M

Iron Radiators’s highest export potential is Mexico. With an export gap of $1.25M.   Iron Radiators’s highest import potential is China with an import gap of $6.54M.

See methodology.

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