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2022
Exports $180MWorld Rnk 5 / 126
Flag Rnk 616 / 1217
2022
Destination $4.82M Mexico
2021 - 2022
FASTEST GROWING MARKET $4.82MMexico
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $345MWorld Rnk 2 / 202
Flag Rnk 649 / 1216
2022
Origin $30.8M India
2021 - 2022
FASTEST GROWING ORIGIN $30.8MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $180M in Stainless Steel Wire, making it the 5th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 616th most exported product in United States. The main destination of Stainless Steel Wire exports from United States are: Mexico ($49.6M), Costa Rica ($42.9M), Canada ($22.6M), Ireland ($15.9M), and China ($10.5M).

The fastest growing export markets for Stainless Steel Wire of United States between 2021 and 2022 were Mexico ($4.82M), Brazil ($3.32M), and Netherlands ($2.68M).

Imports In 2022, United States imported $345M in Stainless Steel Wire, becoming the 2nd largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 649th most imported product in United States. United States imports Stainless Steel Wire primarily from: India ($120M), South Korea ($46.7M), Chinese Taipei ($27.8M), China ($26.4M), and Canada ($20.5M).

The fastest growing import markets in Stainless Steel Wire for United States between 2021 and 2022 were India ($30.8M), South Korea ($11.4M), and Chinese Taipei ($7.98M).

COMPANIES In 2023, leading companies such as Nissan (9), Amazon (2), and IKEA Group (2) were at the forefront of shipping Stainless Steel Wire to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Stainless Steel Wire exports accounted up to $17.3M and imports accounted up to $16.7M, resulting in a positive trade balance of $604k. Between June 2023 and June 2024 the exports of United States'   Stainless Steel Wire have increased by $929k (5.66%) from $16.4M to $17.3M, while imports increased by $84.1k (0.51%) from $16.6M to $16.7M.

Destinations In June 2024, Stainless Steel Wire were exported mostly to Mexico ($4.32M), Costa Rica ($3.68M), Ireland ($2.2M), Canada ($1.44M), and India ($868k), and were imported mostly from India ($4.89M), South Korea ($3.18M), China ($1.71M), Chinese Taipei ($1.45M), and Germany ($1.39M).

Growth In June 2024, the increase in Stainless Steel Wire's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.1M or 29.9%), Ireland ($959k or 117%), and China ($523k or 66.2%). In June 2024, the increase in Stainless Steel Wire's year-by-year imports was explained primarily by an increase in imports from South Korea ($4.75M or 114%), Japan ($844k or 120%), and Canada ($379k or 26.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$929k(5.66%)
IMPORT GROWTH (June 2023 - June 2024)$84.1k(0.51%)
MAIN EXPORTER (June 2024)Pennsylvania$3.1M
MAIN DESTINATION (June 2024)Mexico$4.32M

This section shows Stainless Steel Wire's exports and imports data at subnational level for United States. 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 Stainless Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$180M
IMPORTS (2022)$345M
NET TRADE (2022)-$164M

In 2022, United States exported $180M in Stainless Steel Wire. The main destinations of United States exports on Stainless Steel Wire were Mexico ($49.6M), Costa Rica ($42.9M), Canada ($22.6M), Ireland ($15.9M), and China ($10.5M).

In 2022, United States imported $345M in Stainless Steel Wire, mainly from India ($120M), South Korea ($46.7M), Chinese Taipei ($27.8M), China ($26.4M), and Canada ($20.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$4.82M (10.8%)
Brazil$3.32M (217%)
Netherlands$2.68M (3.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY United States WERE (2021 - 2022):
Canada-$2.03M (-8.23%)
Japan-$667k (-28.8%)
Germany-$659k (-22.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Stainless Steel Wire were:
India $526M
China $429M
South Korea $291M
In 2022, United States's main importing competitors in Stainless Steel Wire were:
Germany $435M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.61M
TOP IMPORT POTENTIALChina+ $11.5M

Stainless Steel Wire’s highest export potential is China. With an export gap of $3.61M.   Stainless Steel Wire’s highest import potential is China with an import gap of $11.5M.

See methodology.

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