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2022
Exports $1.73BWorld Rnk 12 / 165
Flag Rnk 178 / 1217
2022
Destination $217M Mexico
2021 - 2022
FASTEST GROWING MARKET $217MMexico
2022
PRODUCT COMPLEXITY IN Coated Flat-Rolled Iron0.04Rnk 538 / 1025
2022
Imports $7.12BWorld Rnk 1 / 218
Flag Rnk 88 / 1216
2022
Origin $277M Canada
2021 - 2022
FASTEST GROWING ORIGIN $277MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.73B in Coated Flat-Rolled Iron, making it the 12th largest exporter of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 178th most exported product in United States. The main destination of Coated Flat-Rolled Iron exports from United States are: Mexico ($872M), Canada ($724M), South Korea ($29.6M), China ($12M), and Pakistan ($11.5M).

The fastest growing export markets for Coated Flat-Rolled Iron of United States between 2021 and 2022 were Mexico ($217M), Canada ($107M), and Austria ($5.11M).

Imports In 2022, United States imported $7.12B in Coated Flat-Rolled Iron, becoming the 1st largest importer of Coated Flat-Rolled Iron in the world. At the same year, Coated Flat-Rolled Iron was the 88th most imported product in United States. United States imports Coated Flat-Rolled Iron primarily from: Canada ($1.45B), Mexico ($885M), South Korea ($767M), Vietnam ($662M), and Netherlands ($574M).

The fastest growing import markets in Coated Flat-Rolled Iron for United States between 2021 and 2022 were Germany ($277M), Canada ($206M), and Netherlands ($145M).

COMPANIES In 2023, leading companies such as LG Electronics (20), Conair (15), and BSH Home Appliances (7) were at the forefront of shipping Coated Flat-Rolled Iron to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Coated Flat-Rolled Iron exports accounted up to $128M and imports accounted up to $448M, resulting in a negative trade balance of $320M. Between October 2023 and October 2024 the exports of United States'   Coated Flat-Rolled Iron have decreased by $-25.2M (-16.5%) from $153M to $128M, while imports increased by $76.8M (20.7%) from $371M to $448M.

Destinations In October 2024, Coated Flat-Rolled Iron were exported mostly to Mexico ($77.8M), Canada ($46.7M), China ($571k), Italy ($525k), and Colombia ($238k), and were imported mostly from Canada ($102M), Germany ($61M), Mexico ($54.6M), Vietnam ($48M), and South Korea ($45.8M).

Growth In October 2024, the decrease in Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-12.5M or -16.3%), China ($-4.83M or -95.4%), and Pakistan ($-616k or -54.7%). In October 2024, the increase in Coated Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Germany ($30.3M or 314%), Australia ($14.3M or 204%), and Japan ($8.23M or 28.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-25.2M(-16.5%)
IMPORT GROWTH (October 2023 - October 2024)$76.8M(20.7%)
MAIN EXPORTER (October 2024)Ohio$42.1M
MAIN DESTINATION (October 2024)Mexico$77.8M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.73B
IMPORTS (2022)$7.12B
NET TRADE (2022)-$5.39B

In 2022, United States exported $1.73B in Coated Flat-Rolled Iron. The main destinations of United States exports on Coated Flat-Rolled Iron were Mexico ($872M), Canada ($724M), South Korea ($29.6M), China ($12M), and Pakistan ($11.5M).

In 2022, United States imported $7.12B in Coated Flat-Rolled Iron, mainly from Canada ($1.45B), Mexico ($885M), South Korea ($767M), Vietnam ($662M), and Netherlands ($574M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coated Flat-Rolled Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$217M (33.1%)
Canada$107M (17.3%)
Austria$5.11M (1.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coated Flat-Rolled Iron BY United States WERE (2021 - 2022):
Brazil-$2.77M (-50.9%)
Pakistan-$1.89M (-14.1%)
Saint Vincent and the Grenadines-$1.63M (-100%)
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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 Coated Flat-Rolled Iron were:
China $18B
South Korea $7.45B
Germany $4.59B
In 2022, United States's main importing competitors in Coated Flat-Rolled Iron were:
Germany $3.93B
Poland $3.01B

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Trade Value of Coated Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.7M
TOP IMPORT POTENTIALChina+ $308M

Coated Flat-Rolled Iron’s highest export potential is China. With an export gap of $17.7M.   Coated Flat-Rolled Iron’s highest import potential is China with an import gap of $308M.

See methodology.

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