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2022
Exports | Imports $1.15B | $3.02BWorld Rnk 4 / 177
Flag Rnk 83 / 1210
World Rnk 2 / 118
Flag Rnk 30 / 1213
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $2.45M | $92.9MMalaysia |  Australia
2022
ECONOMIC COMPLEXITY of Canada0.85Rnk 31 / 124
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.66Rnk 746 / 1025

About

Exports In 2022, Canada exported $1.15B in Precious Metal Scraps, making it the 4th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 83rd most exported product in Canada. The main destination of Precious Metal Scraps exports from Canada are: Norway ($527M), Germany ($353M), United States ($220M), Italy ($31.6M), and Japan ($9.03M).

The fastest growing export markets for Precious Metal Scraps of Canada between 2021 and 2022 were Malaysia ($2.45M), China ($77.2k), and France ($50.6k).

Imports In 2022, Canada imported $3.02B in Precious Metal Scraps, becoming the 2nd largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 30th most imported product in Canada. Canada imports Precious Metal Scraps primarily from: United States ($2.8B), Australia ($174M), India ($9.34M), Turkey ($6.98M), and Lithuania ($6.63M).

The fastest growing import markets in Precious Metal Scraps for Canada between 2021 and 2022 were Australia ($92.9M), India ($9.05M), and Turkey ($6.98M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Precious Metal Scraps from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Precious Metal Scraps exports accounted up to C$105M and imports accounted up to C$463M, resulting in a negative trade balance of C$359M. Between January 2023 and January 2024 the exports of Canada's   Precious Metal Scraps have decreased by C$-94.5M (-47.4%) from C$199M to C$105M, while imports increased by C$59.2M (14.6%) from C$404M to C$463M.

Destinations In January 2024, Precious Metal Scraps were exported mostly to Germany (C$43.8M), Norway (C$32.1M), United States (C$25.1M), Belgium (C$2.77M), and South Korea (C$1.05M), and were imported mostly from United States (C$413M), Australia (C$49.6M), Mexico (C$906k), Costa Rica (C$86.3k), and Paraguay (C$61.5k).

Growth In January 2024, the decrease in Precious Metal Scraps's year-by-year exports was explained primarily by a decrease in exports to United States (C$-22.4M or -38%) and Japan (C$-324k or -26%). In January 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from United States (C$118M or 41.7%), Mexico (C$694k or 560%), and Canada (C$992 or 32.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)C$-94.5M(-47.4%)
IMPORT GROWTH (January 2023 - January 2024)C$59.2M(14.6%)
MAIN EXPORTER (January 2024)OntarioC$84.2M
MAIN DESTINATION (January 2024)GermanyC$43.8M

This section shows Precious Metal Scraps'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 Precious Metal Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.15B
IMPORTS (2022)$3.02B
NET TRADE (2022)-$1.87B

In 2022, Canada exported $1.15B in Precious Metal Scraps. The main destinations of Canada exports on Precious Metal Scraps were Norway ($527M), Germany ($353M), United States ($220M), Italy ($31.6M), and Japan ($9.03M).

In 2022, Canada imported $3.02B in Precious Metal Scraps, mainly from United States ($2.8B), Australia ($174M), India ($9.34M), Turkey ($6.98M), and Lithuania ($6.63M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Malaysia$2.45M (1.75k%)
China$77.2k (57.9%)
France$50.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Canada WERE (2021 - 2022):
Norway-$92M (-14.8%)
United States-$11M (-4.78%)
Italy-$7.21M (-18.6%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, Canada's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Japan $2.87B

Explore Visualizations

Trade Value of Precious Metal Scraps by Exporters

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