Large Flat-Rolled Iron in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $291M in Large Flat-Rolled Iron, making it the 6th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 227th most exported product in Canada. The main destination of Large Flat-Rolled Iron exports from Canada are: United States ($273M), Canada ($13.8M), Mexico ($2.52M), China ($674k), and Cuba ($223k).

The fastest growing export markets for Large Flat-Rolled Iron of Canada between 2021 and 2022 were United States ($45.4M), Canada ($9.44M), and Mexico ($319k).

Imports In 2022, Canada imported $304M in Large Flat-Rolled Iron, becoming the 6th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 328th most imported product in Canada. Canada imports Large Flat-Rolled Iron primarily from: United States ($284M), Canada ($13.8M), China ($1.06M), Netherlands ($732k), and Germany ($563k).

The fastest growing import markets in Large Flat-Rolled Iron for Canada between 2021 and 2022 were United States ($37.5M), Canada ($9.44M), and China ($727k).

Latest Trends

February 2024

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Overview In February 2024 Canada's Large Flat-Rolled Iron exports accounted up to C$27.1M and imports accounted up to C$29.9M, resulting in a negative trade balance of C$2.78M. Between February 2023 and February 2024 the exports of Canada's Large Flat-Rolled Iron have decreased by C$-1.19M (-4.22%) from C$28.3M to C$27.1M, while imports increased by C$1.74M (6.2%) from C$28.1M to C$29.9M.

Destinations In February 2024, Large Flat-Rolled Iron were exported mostly to United States (C$26.3M), Mexico (C$767k), Cuba (C$8.44k), China (C$8.02k), and United Kingdom (C$371), and were imported mostly from United States (C$27.3M), Canada (C$1.65M), Germany (C$455k), Brazil (C$272k), and Mexico (C$86.8k).

Growth In February 2024, the decrease in Large Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to United States (C$-10.1M or -28.5%). In February 2024, the increase in Large Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Canada (C$1.05M or 175%), France (C$56.7k or 241%), and Netherlands (C$46.4k or 30%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-1.19M(-4.22%)

IMPORT GROWTH (February 2023 - February 2024)C$1.74M(6.2%)

MAIN EXPORTER (February 2024)OntarioC$29.2M

MAIN DESTINATION (February 2024)United StatesC$26.3M

This section shows Large Flat-Rolled Iron'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 Large Flat-Rolled Iron over time.

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