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Where does Canada get its steel? Import sources 2024

In 2024, Canada imported $7.7 billion of steel (6.7 million tonnes), 2.2% of the world total. The United States sold 51% of the total, followed by South Korea (6%) and China (6%). Canada was the world’s 15th-largest importer of steel.

Summary

Value
$7.7billion
Tonnes
6.7million tonnes
Share of world total
2.2%
World rank
15th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States3.9Tonnes: 2,807,151USD per tonne: $1,40250.9%Land
South Korea0.48Tonnes: 525,902USD per tonne: $9206.3%Sea
China0.47Tonnes: 402,200USD per tonne: $1,1716.1%Sea
Turkey0.33Tonnes: 403,184USD per tonne: $8084.2%Sea
Taiwan0.29Tonnes: 233,712USD per tonne: $1,2283.7%Sea
Germany0.27Tonnes: 176,879USD per tonne: $1,5053.4%Sea
Brazil0.26Tonnes: 443,726USD per tonne: $5793.3%Sea
Japan0.21Tonnes: 87,181USD per tonne: $2,3792.7%Sea
Italy0.15Tonnes: 105,268USD per tonne: $1,3941.9%Sea
United Arab Emirates0.13Tonnes: 174,016USD per tonne: $7601.7%Sea
Argentina0.12Tonnes: 168,941USD per tonne: $6871.5%Sea
Spain0.11Tonnes: 112,642USD per tonne: $9671.4%Sea
Thailand0.08Tonnes: 128,575USD per tonne: $6401.1%Sea
Sweden0.07Tonnes: 78,407USD per tonne: $8470.86%Sea
France0.06Tonnes: 41,188USD per tonne: $1,5100.8%Sea
Bulgaria0.06Tonnes: 85,407USD per tonne: $6680.74%Sea
Luxembourg0.05Tonnes: 54,837USD per tonne: $9010.64%Sea
Netherlands re-exports0.05Tonnes: 35,530USD per tonne: $1,3220.61%Sea
Belgium re-exports0.05Tonnes: 18,164USD per tonne: $2,5400.6%Sea
Vietnam0.05Tonnes: 55,127USD per tonne: $8180.58%Sea

Trend

Who it buys from

The United States was its main source throughout the period

Value in USD billions. The five largest sources in 2024.

  • United States 3.9
  • South Korea 0.48
  • China 0.47
  • Turkey 0.33
  • Taiwan 0.29

Source: CEPII BACI

Show the numbers
Partner19952024
United States1.33.9
South Korea0.020.48
China0.020.47
Turkey0.010.33
Taiwan< 0.010.29

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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