Iron Wire in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $249M in Iron Wire, making it the 11th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 240th most exported product in Canada. The main destination of Iron Wire exports from Canada are: United States ($234M), New Zealand ($7.69M), Mexico ($3M), Switzerland ($1.5M), and Canada ($806k).

The fastest growing export markets for Iron Wire of Canada between 2021 and 2022 were United States ($13.8M), New Zealand ($770k), and Chinese Taipei ($205k).

Imports In 2022, Canada imported $204M in Iron Wire, becoming the 15th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 402nd most imported product in Canada. Canada imports Iron Wire primarily from: United States ($57.6M), China ($49.9M), South Korea ($23.4M), Turkey ($13.2M), and Spain ($9.86M).

The fastest growing import markets in Iron Wire for Canada between 2021 and 2022 were United States ($13.8M), Turkey ($4.31M), and France ($2.66M).

Latest Trends

March 2024

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Overview In March 2024 Canada's Iron Wire exports accounted up to C$23.6M and imports accounted up to C$22.4M, resulting in a positive trade balance of C$1.18M. Between March 2023 and March 2024 the exports of Canada's Iron Wire have increased by C$2.08M (9.68%) from C$21.5M to C$23.6M, while imports increased by C$366k (1.66%) from C$22M to C$22.4M.

Destinations In March 2024, Iron Wire were exported mostly to United States (C$21.9M), New Zealand (C$1.6M), China (C$29.4k), Chinese Taipei (C$24.1k), and Vietnam (C$8k), and were imported mostly from China (C$7.61M), United States (C$6.77M), South Korea (C$3.04M), Turkey (C$852k), and Germany (C$598k).

Growth In March 2024, the increase in Iron Wire's year-by-year exports was explained primarily by an increase in exports to New Zealand (C$817k or 238%), Belgium (C$26.5k or 236%), and Cuba (C$10.9k or 871%). In March 2024, the increase in Iron Wire's year-by-year imports was explained primarily by an increase in imports from United States (C$798k or 16.2%), France (C$545k or 144%), and Romania (C$387k or 117%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)C$2.08M(9.68%)

IMPORT GROWTH (March 2023 - March 2024)C$366k(1.66%)

MAIN EXPORTER (March 2024)QuebecC$11.7M

MAIN DESTINATION (March 2024)United StatesC$21.9M

This section shows Iron Wire'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 Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$249M

IMPORTS (2022)$204M

NET TRADE (2022)$45.3M

In 2022, Canada exported $249M in Iron Wire. The main destinations of Canada exports on Iron Wire were United States ($234M), New Zealand ($7.69M), Mexico ($3M), Switzerland ($1.5M), and Canada ($806k).

In 2022, Canada imported $204M in Iron Wire, mainly from United States ($57.6M), China ($49.9M), South Korea ($23.4M), Turkey ($13.2M), and Spain ($9.86M).

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