Coated Flat-Rolled Iron in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $18B in Coated Flat-Rolled Iron, making it the 1st largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 40th most exported product in China. The main destination of Coated Flat-Rolled Iron exports from China are: Thailand ($1.5B), South Korea ($1.24B), Philippines ($1.02B), Brazil ($986M), and Indonesia ($642M).

The fastest growing export markets for Coated Flat-Rolled Iron of China between 2021 and 2022 were Italy ($138M), Mexico ($125M), and United Arab Emirates ($121M).

Imports In 2022, China imported $1.33B in Coated Flat-Rolled Iron, becoming the 14th largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 181st most imported product in China. China imports Coated Flat-Rolled Iron primarily from: South Korea ($629M), Japan ($327M), Chinese Taipei ($173M), Hong Kong ($103M), and Germany ($14.2M).

The fastest growing import markets in Coated Flat-Rolled Iron for China between 2021 and 2022 were Mozambique ($10.7M), South Africa ($8.5M), and United States ($4.04M).

COMPANIES In 2023, leading companies such as CONAIR CORPORATION (210), CINMAR LLC (44), and CSI IMPORTS (30) were at the forefront of shipping Coated Flat-Rolled Iron from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Coated Flat-Rolled Iron exports accounted up to $1.12B and imports accounted up to $75.4M, resulting in a positive trade balance of $1.04B. Between February 2023 and February 2024 the exports of China's Coated Flat-Rolled Iron have decreased by $-350M (-23.8%) from $1.47B to $1.12B, while imports decreased by $-8.61M (-10.2%) from $84M to $75.4M.

Destinations In February 2024, Coated Flat-Rolled Iron were exported mostly to South Korea ($91.6M), Thailand ($86.5M), Brazil ($79M), Italy ($73.1M), and Philippines ($43.4M), and were imported mostly from Japan ($32.8M), South Korea ($22.4M), Taiwan ($8.4M), Sweden ($5.5M), and United States ($2.92M).

Growth In February 2024, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Honduras ($-27.4M or -95.9%), Ukraine ($-27.3M or -96.1%), and Indonesia ($-24.4M or -26.6%). In February 2024, the decrease in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-53.3M or -54.3%), Taiwan ($-22M or -74.5%), and Japan ($-20.5M or -37.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-350M(-23.8%)

IMPORT GROWTH (February 2023 - February 2024)$-8.61M(-10.2%)

MAIN EXPORTER (February 2024)Guangdong Province$596M

MAIN DESTINATION (February 2024)South Korea$91.6M

This section shows Coated Flat-Rolled 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 Coated Flat-Rolled Iron over time.

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