Iron Blocks in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $332M in Iron Blocks, making it the 18th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 215th most exported product in Canada. The main destination of Iron Blocks exports from Canada are: United States ($323M), Mexico ($7.16M), Cuba ($769k), Canada ($598k), and Netherlands ($114k).

The fastest growing export markets for Iron Blocks of Canada between 2021 and 2022 were United States ($117M), Mexico ($4.18M), and Canada ($173k).

Imports In 2022, Canada imported $1.11B in Iron Blocks, becoming the 4th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 109th most imported product in Canada. Canada imports Iron Blocks primarily from: United States ($492M), South Korea ($197M), United Kingdom ($67.8M), India ($67.2M), and Spain ($65.8M).

The fastest growing import markets in Iron Blocks for Canada between 2021 and 2022 were United States ($94.1M), India ($53.4M), and South Korea ($39.9M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Iron Blocks exports accounted up to C$28.8M and imports accounted up to C$75.8M, resulting in a negative trade balance of C$47M. Between February 2023 and February 2024 the exports of Canada's Iron Blocks have decreased by C$-2.91M (-9.2%) from C$31.7M to C$28.8M, while imports decreased by C$-7.65M (-9.17%) from C$83.4M to C$75.8M.

Destinations In February 2024, Iron Blocks were exported mostly to United States (C$28.4M), Mexico (C$213k), Cuba (C$48.3k), Netherlands (C$37.8k), and China (C$17.5k), and were imported mostly from United States (C$47.9M), South Korea (C$10.4M), Luxembourg (C$5.41M), Spain (C$5.31M), and China (C$3.6M).

Growth In February 2024, the decrease in Iron Blocks's year-by-year exports was explained primarily by a decrease in exports to . In February 2024, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (C$-11.5M or -97.9%), Germany (C$-4.03M or -89.1%), and Netherlands (C$-2.53M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-2.91M(-9.2%)

IMPORT GROWTH (February 2023 - February 2024)C$-7.65M(-9.17%)

MAIN EXPORTER (February 2024)OntarioC$25.3M

MAIN DESTINATION (February 2024)United StatesC$28.4M

This section shows Iron Blocks'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 Blocks over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$332M

IMPORTS (2022)$1.11B

NET TRADE (2022)-$778M

In 2022, Canada exported $332M in Iron Blocks. The main destinations of Canada exports on Iron Blocks were United States ($323M), Mexico ($7.16M), Cuba ($769k), Canada ($598k), and Netherlands ($114k).

In 2022, Canada imported $1.11B in Iron Blocks, mainly from United States ($492M), South Korea ($197M), United Kingdom ($67.8M), India ($67.2M), and Spain ($65.8M).

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