Flat Flat-Rolled Steel in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $1.95B in Flat Flat-Rolled Steel, making it the 8th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 166th most exported product in United States. The main destination of Flat Flat-Rolled Steel exports from United States are: Mexico ($1.03B), Canada ($781M), Australia ($15M), Chile ($14.4M), and China ($13.3M).

The fastest growing export markets for Flat Flat-Rolled Steel of United States between 2021 and 2022 were Canada ($237M), Mexico ($154M), and Singapore ($8.42M).

Imports In 2022, United States imported $2.05B in Flat Flat-Rolled Steel, becoming the 6th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 245th most imported product in United States. United States imports Flat Flat-Rolled Steel primarily from: Canada ($836M), Sweden ($247M), Netherlands ($205M), Austria ($150M), and Japan ($146M).

The fastest growing import markets in Flat Flat-Rolled Steel for United States between 2021 and 2022 were Sweden ($113M), United Kingdom ($63M), and Canada ($54.6M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (222) and GITI TIRE (USA) LTD. (39) were at the forefront of shipping Flat Flat-Rolled Steel to the United States.

Latest Trends

January 2024

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Overview In January 2024 United States' Flat Flat-Rolled Steel exports accounted up to $154M and imports accounted up to $154M, resulting in a negative trade balance of $235k. Between January 2023 and January 2024 the exports of United States' Flat Flat-Rolled Steel have increased by $6.93M (4.71%) from $147M to $154M, while imports decreased by $-16.3M (-9.53%) from $171M to $154M.

Destinations In January 2024, Flat Flat-Rolled Steel were exported mostly to Mexico ($95.3M), Canada ($48.1M), Australia ($2.9M), Brazil ($2.29M), and Colombia ($1.29M), and were imported mostly from Canada ($70.6M), Sweden ($22.9M), Germany ($12.5M), South Korea ($11.9M), and Austria ($8.89M).

Growth In January 2024, the increase in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by an increase in exports to Canada ($13.6M or 23.2%), India ($554k or 1.24k%), and Japan ($357k or 159%). In January 2024, the decrease in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by a decrease in imports from Canada ($-14.9M or -17.6%), South Korea ($-6.3M or -65.2%), and Netherlands ($-4.96M or -45.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$6.93M(4.71%)

IMPORT GROWTH (January 2023 - January 2024)$-16.3M(-9.53%)

MAIN EXPORTER (January 2024)Alabama$44.6M

MAIN DESTINATION (January 2024)Mexico$95.3M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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