Semi-Finished Iron in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $943M in Semi-Finished Iron, making it the 10th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 449th most exported product in China. The main destination of Semi-Finished Iron exports from China are: Italy ($342M), Philippines ($117M), Chinese Taipei ($115M), Indonesia ($61M), and Turkey ($47.7M).

The fastest growing export markets for Semi-Finished Iron of China between 2021 and 2022 were Italy ($336M), Philippines ($116M), and Chinese Taipei ($102M).

Imports In 2022, China imported $2.38B in Semi-Finished Iron, becoming the 3rd largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 131st most imported product in China. China imports Semi-Finished Iron primarily from: Russia ($1.19B), Oman ($425M), Iran ($195M), United Arab Emirates ($155M), and Japan ($70.1M).

The fastest growing import markets in Semi-Finished Iron for China between 2021 and 2022 were Russia ($911M), Oman ($162M), and Kazakhstan ($6.85M).

COMPANIES In 2023, leading companies such as CONAIR CORPORATION (14) and DOLLARAMA L.P. (14) were at the forefront of shipping Semi-Finished Iron from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Semi-Finished Iron exports accounted up to $68.9M and imports accounted up to $127M, resulting in a negative trade balance of $58.4M. Between February 2023 and February 2024 the exports of China's Semi-Finished Iron have increased by $9.38M (15.8%) from $59.5M to $68.9M, while imports decreased by $-45.3M (-26.3%) from $173M to $127M.

Destinations In February 2024, Semi-Finished Iron were exported mostly to South Korea ($12.8M), Philippines ($11.5M), Italy ($11.2M), Tanzania ($8.29M), and Guatemala ($7.67M), and were imported mostly from Russia ($51.3M), Iran ($50.3M), Oman ($16.4M), Japan ($5.69M), and South Africa ($2.58M).

Growth In February 2024, the increase in Semi-Finished Iron's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-27.1M or -99.8%), Japan ($-23.3M or -91.9%), and South Korea ($-272k or -92%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$9.38M(15.8%)

IMPORT GROWTH (February 2023 - February 2024)$-45.3M(-26.3%)

MAIN EXPORTER (February 2024)Jiangsu Province$22M

MAIN DESTINATION (February 2024)South Korea$12.8M

This section shows Semi-Finished Iron's exports and imports data at subnational level for China. 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$943M

IMPORTS (2022)$2.38B

NET TRADE (2022)-$1.44B

In 2022, China exported $943M in Semi-Finished Iron. The main destinations of China exports on Semi-Finished Iron were Italy ($342M), Philippines ($117M), Chinese Taipei ($115M), Indonesia ($61M), and Turkey ($47.7M).

In 2022, China imported $2.38B in Semi-Finished Iron, mainly from Russia ($1.19B), Oman ($425M), Iran ($195M), United Arab Emirates ($155M), and Japan ($70.1M).

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