Aluminium Wire in United States 2021 Exports | Imports : $106M | $927M, World Rnk 16 / 115 Rnk 708 / 1216 | World Rnk 1 / 197 Rnk 393 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.1M | $199M, Canada | Canada
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Aluminium Wire: -0.61, Rnk 733 / 1029
Exports In 2021, United States exported $106M in Aluminium Wire, making it the 16th largest exporter of Aluminium Wire in the world. At the same year, Aluminium Wire was the 708th most exported product in United States. The main destination of Aluminium Wire exports from United States are: Mexico ($23.3M), Canada ($21.1M), China ($10M), El Salvador ($7.42M), and Italy ($6.24M).
The fastest growing export markets for Aluminium Wire of United States between 2020 and 2021 were Canada ($6.1M), El Salvador ($4.85M), and Mexico ($4.49M).
Imports In 2021, United States imported $927M in Aluminium Wire, becoming the 1st largest importer of Aluminium Wire in the world. At the same year, Aluminium Wire was the 393rd most imported product in United States. United States imports Aluminium Wire primarily from: Canada ($542M), Bahrain ($128M), India ($109M), Russia ($61.3M), and Argentina ($23.2M).
The fastest growing import markets in Aluminium Wire for United States between 2020 and 2021 were Canada ($199M), India ($50M), and Russia ($20.3M).
Tariffs In 2019, the average tariff for United States in Aluminium Wire was 2.4%. The countries with the highest import tariffs for Aluminium Wire were Burundi (Most Favoured Nation duty rate treatment, 3.4%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 3.4%), Algeria (Most Favoured Nation duty rate treatment, 3.4%), Egypt (Most Favoured Nation duty rate treatment, 3.4%), and Eritrea (Most Favoured Nation duty rate treatment, 3.4%).
February 2023
Overview In February 2023 United States' Aluminium Wire exports accounted up to $5.98M and imports accounted up to $81.1M, resulting in a negative trade balance of $75.1M. Between February 2022 and February 2023 the exports of United States' Aluminium Wire have decreased by $-4.73M (-44.1%) from $10.7M to $5.98M, while imports decreased by $-1.31M (-1.59%) from $82.4M to $81.1M.
Destinations In February 2023, Aluminium Wire were exported mostly to Canada ($1.49M), Mexico ($1.38M), El Salvador ($788k), Italy ($346k), and Spain ($287k), and were imported mostly from Canada ($54.8M), India ($14.9M), Bahrain ($5.84M), Argentina ($1.64M), and Spain ($1.42M).
Growth In February 2023, the decrease in Aluminium Wire's year-by-year exports was explained primarily by a decrease in exports to El Salvador ($-423k or -72.2%), Japan ($-299k or -71%), and Czechia ($-294k or -43.8%). In February 2023, the decrease in Aluminium Wire's year-by-year imports was explained primarily by a decrease in imports from Argentina ($-837k or -57.5%), Russia ($-487k or -9.44%), and China ($-174k or -30.1%).
EXPORT GROWTH (February 2022 - February 2023): $-4.73M, (-44.1%)
IMPORT GROWTH (February 2022 - February 2023): $-1.31M, (-1.59%)
MAIN EXPORTER (February 2023): New York, $1.13M
MAIN DESTINATION (February 2023): Canada, $1.49M
This section shows Aluminium 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 Aluminium Wire over time.
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EXPORTS (2021): $106M
IMPORTS (2021): $927M
NET TRADE (2021): -$821M
In 2021, United States exported $106M in Aluminium Wire. The main destinations of United States exports on Aluminium Wire were Mexico ($23.3M), Canada ($21.1M), China ($10M), El Salvador ($7.42M), and Italy ($6.24M).
In 2021, United States imported $927M in Aluminium Wire, mainly from Canada ($542M), Bahrain ($128M), India ($109M), Russia ($61.3M), and Argentina ($23.2M).
THE FASTEST GROWING Aluminium Wire EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Wire BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Aluminium Wire were:
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