Scrap Iron in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $2.42B in Scrap Iron, making it the 7th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 37th most exported product in Canada. The main destination of Scrap Iron exports from Canada are: United States ($1.75B), India ($209M), Turkey ($206M), Italy ($53.9M), and Pakistan ($34.7M).

The fastest growing export markets for Scrap Iron of Canada between 2021 and 2022 were India ($101M), Turkey ($14.1M), and Thailand ($11.9M).

Imports In 2022, Canada imported $304M in Scrap Iron, becoming the 31st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 327th most imported product in Canada. Canada imports Scrap Iron primarily from: United States ($292M), Barbados ($5.03M), Canada ($2.07M), New Zealand ($1.49M), and Trinidad and Tobago ($1.44M).

The fastest growing import markets in Scrap Iron for Canada between 2021 and 2022 were United States ($25.5M), Barbados ($1.67M), and New Zealand ($1.31M).

COMPANIES In 2023, leading companies such as FORD MOTOR COMPANY (8) were at the forefront of shipping Scrap Iron from Canada to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Canada's Scrap Iron exports accounted up to C$247M and imports accounted up to C$30.9M, resulting in a positive trade balance of C$216M. Between February 2023 and February 2024 the exports of Canada's Scrap Iron have increased by C$18M (7.86%) from C$229M to C$247M, while imports increased by C$433k (1.42%) from C$30.5M to C$30.9M.

Destinations In February 2024, Scrap Iron were exported mostly to United States (C$164M), Turkey (C$31.2M), Mexico (C$18.8M), India (C$12.4M), and Pakistan (C$8.84M), and were imported mostly from United States (C$29.9M), Canada (C$802k), Turkey (C$106k), Mexico (C$91.5k), and Lithuania (C$11.4k).

Growth In February 2024, the increase in Scrap Iron's year-by-year exports was explained primarily by an increase in exports to India (C$7.54M or 76.9%), United States (C$4.24M or 2.73%), and Chinese Taipei (C$1.75M or 123%). In February 2024, the increase in Scrap Iron's year-by-year imports was explained primarily by an increase in imports from United States (C$6.48M or 24.5%), China (C$21.5k or 649%), and Canada (C$12.7k or 20.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$18M(7.86%)

IMPORT GROWTH (February 2023 - February 2024)C$433k(1.42%)

MAIN EXPORTER (February 2024)OntarioC$122M

MAIN DESTINATION (February 2024)United StatesC$164M

This section shows Scrap 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 Scrap Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.42B

IMPORTS (2022)$304M

NET TRADE (2022)$2.12B

In 2022, Canada exported $2.42B in Scrap Iron. The main destinations of Canada exports on Scrap Iron were United States ($1.75B), India ($209M), Turkey ($206M), Italy ($53.9M), and Pakistan ($34.7M).

In 2022, Canada imported $304M in Scrap Iron, mainly from United States ($292M), Barbados ($5.03M), Canada ($2.07M), New Zealand ($1.49M), and Trinidad and Tobago ($1.44M).

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