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2022
Exports $41MWorld Rnk 20 / 148
Flag Rnk 534 / 1210
2022
Destination $186k United States
2021 - 2022
FASTEST GROWING MARKET $186kCanada
2022
PRODUCT COMPLEXITY IN Other Iron Bars-0.18Rnk 608 / 1025
2022
Imports $114MWorld Rnk 7 / 213
Flag Rnk 537 / 1213
2022
Origin $14.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $14.2MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $41M in Other Iron Bars, making it the 20th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 534th most exported product in Canada. The main destination of Other Iron Bars exports from Canada are: United States ($39.1M), Canada ($778k), China ($434k), Mauritania ($352k), and Mexico ($96k).

The fastest growing export markets for Other Iron Bars of Canada between 2021 and 2022 were Canada ($186k), Mauritania ($71.9k), and Mexico ($68.1k).

Imports In 2022, Canada imported $114M in Other Iron Bars, becoming the 7th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 537th most imported product in Canada. Canada imports Other Iron Bars primarily from: United States ($81.6M), Spain ($8.55M), United Kingdom ($4.94M), Romania ($4.17M), and Italy ($1.94M).

The fastest growing import markets in Other Iron Bars for Canada between 2021 and 2022 were United States ($14.2M), Romania ($1.87M), and Sweden ($836k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Other Iron Bars exports accounted up to C$3.38M and imports accounted up to C$11M, resulting in a negative trade balance of C$7.62M. Between June 2023 and June 2024 the exports of Canada's   Other Iron Bars have decreased by C$-1.87M (-35.6%) from C$5.25M to C$3.38M, while imports decreased by C$-325k (-2.87%) from C$11.3M to C$11M.

Destinations In June 2024, Other Iron Bars were exported mostly to United States (C$3.37M), Jamaica (C$5.5k), Netherlands (C$1.7k), and Cuba (C$682), and were imported mostly from United States (C$6.52M), India (C$1.29M), Spain (C$842k), Germany (C$529k), and France (C$489k).

Growth In June 2024, the decrease in Other Iron Bars's year-by-year exports was explained primarily by a decrease in exports to United States (C$-1.05M or -18.2%). In June 2024, the decrease in Other Iron Bars's year-by-year imports was explained primarily by a decrease in imports from China (C$-380k or -81.8%), Spain (C$-321k or -23%), and Romania (C$-172k or -34.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-1.87M(-35.6%)
IMPORT GROWTH (June 2023 - June 2024)C$-325k(-2.87%)
MAIN EXPORTER (June 2024)OntarioC$4.59M
MAIN DESTINATION (June 2024)United StatesC$3.37M

This section shows Other 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 Other Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41M
IMPORTS (2022)$114M
NET TRADE (2022)-$72.9M

In 2022, Canada exported $41M in Other Iron Bars. The main destinations of Canada exports on Other Iron Bars were United States ($39.1M), Canada ($778k), China ($434k), Mauritania ($352k), and Mexico ($96k).

In 2022, Canada imported $114M in Other Iron Bars, mainly from United States ($81.6M), Spain ($8.55M), United Kingdom ($4.94M), Romania ($4.17M), and Italy ($1.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Bars EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Canada$186k (31.4%)
Mauritania$71.9k (25.7%)
Mexico$68.1k (244%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Bars BY Canada WERE (2021 - 2022):
United States-$38.4M (-49.6%)
China-$213k (-32.9%)
India-$180k (-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 Other Iron Bars were:
Italy $690M
Germany $402M
France $218M
In 2022, Canada's main importing competitors in Other Iron Bars were:
Germany $608M
France $234M
Poland $204M

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Trade Value of Other Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $554k
TOP IMPORT POTENTIALIndia+ $1.93M

Other Iron Bars’s highest export potential is China. With an export gap of $554k.   Other Iron Bars’s highest import potential is India with an import gap of $1.93M.

See methodology.

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