Electric Furnaces in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $58.9M in Electric Furnaces, making it the 19th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 469th most exported product in Canada. The main destination of Electric Furnaces exports from Canada are: United States ($31.1M), Thailand ($2.44M), Italy ($2.1M), Indonesia ($2M), and Netherlands ($1.64M).

The fastest growing export markets for Electric Furnaces of Canada between 2021 and 2022 were Thailand ($2.01M), Italy ($1.87M), and Indonesia ($1.44M).

Imports In 2022, Canada imported $110M in Electric Furnaces, becoming the 17th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 545th most imported product in Canada. Canada imports Electric Furnaces primarily from: United States ($60M), Italy ($11.7M), Germany ($9.19M), China ($7.17M), and United Kingdom ($4.34M).

The fastest growing import markets in Electric Furnaces for Canada between 2021 and 2022 were United States ($11.2M), Italy ($2.46M), and Thailand ($2.16M).

COMPANIES In 2023, leading companies such as MAZDA MOTOR OF AMERICA, INC. (9) and LG ELECTRONICS USA (2) were at the forefront of shipping Electric Furnaces from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Electric Furnaces exports accounted up to C$5.81M and imports accounted up to C$12.7M, resulting in a negative trade balance of C$6.86M. Between February 2023 and February 2024 the exports of Canada's Electric Furnaces have decreased by C$-3.16M (-35.2%) from C$8.97M to C$5.81M, while imports increased by C$1.74M (16%) from C$10.9M to C$12.7M.

Destinations In February 2024, Electric Furnaces were exported mostly to United States (C$3.83M), Netherlands (C$607k), China (C$289k), South Korea (C$203k), and Sweden (C$176k), and were imported mostly from United States (C$4.87M), Italy (C$4.03M), China (C$1.1M), United Kingdom (C$691k), and India (C$405k).

Growth In February 2024, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to New Zealand (C$-399k or -97.2%), France (C$-136k or -83.3%), and United Kingdom (C$-65k or -65.2%). In February 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Italy (C$2.02M or 270%), United States (C$1.44M or 40.8%), and Thailand (C$120k or 924%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-3.16M(-35.2%)

IMPORT GROWTH (February 2023 - February 2024)C$1.74M(16%)

MAIN EXPORTER (February 2024)QuebecC$3.41M

MAIN DESTINATION (February 2024)United StatesC$3.83M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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