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2022
Exports $538MWorld Rnk 10 / 124
Flag Rnk 373 / 1217
2022
Destination $16.8M Mexico
2021 - 2022
FASTEST GROWING MARKET $16.8MCanada
2022
PRODUCT COMPLEXITY IN Cold-Rolled Iron0.081Rnk 526 / 1025
2022
Imports $1.77BWorld Rnk 1 / 203
Flag Rnk 269 / 1216
2022
Origin $147M Canada
2021 - 2022
FASTEST GROWING ORIGIN $147MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $538M in Cold-Rolled Iron, making it the 10th largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 373rd most exported product in United States. The main destination of Cold-Rolled Iron exports from United States are: Mexico ($371M), Canada ($146M), Pakistan ($4.6M), Italy ($1.82M), and Japan ($1.61M).

The fastest growing export markets for Cold-Rolled Iron of United States between 2021 and 2022 were Canada ($16.8M), Japan ($845k), and Vietnam ($583k).

Imports In 2022, United States imported $1.77B in Cold-Rolled Iron, becoming the 1st largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 269th most imported product in United States. United States imports Cold-Rolled Iron primarily from: Canada ($742M), Mexico ($215M), Australia ($169M), Chinese Taipei ($157M), and South Korea ($98.3M).

The fastest growing import markets in Cold-Rolled Iron for United States between 2021 and 2022 were Canada ($147M), Russia ($52.9M), and Mexico ($35.4M).

COMPANIES In 2023, leading companies such as CrimsonLogic (7), Ford Motor Company (4), and Amazon (4) were at the forefront of shipping Cold-Rolled Iron to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Cold-Rolled Iron exports accounted up to $66.2M and imports accounted up to $95M, resulting in a negative trade balance of $28.7M. Between October 2023 and October 2024 the exports of United States'   Cold-Rolled Iron have increased by $8.58M (14.9%) from $57.6M to $66.2M, while imports increased by $17.3M (22.2%) from $77.7M to $95M.

Destinations In October 2024, Cold-Rolled Iron were exported mostly to Mexico ($52M), Canada ($13.5M), Japan ($406k), India ($47.8k), and Thailand ($47.1k), and were imported mostly from Canada ($39.6M), Belgium ($9.48M), Australia ($8.42M), Germany ($6.72M), and Brazil ($5.4M).

Growth In October 2024, the increase in Cold-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Japan ($428k or 3.49k%), China ($50.2k or 124%), and South Korea ($48.7k or 756%). In October 2024, the increase in Cold-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Brazil ($5.89M or 521%), Mexico ($4.7M or 28.2%), and Germany ($3.87M or 2.81k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8.58M(14.9%)
IMPORT GROWTH (October 2023 - October 2024)$17.3M(22.2%)
MAIN EXPORTER (October 2024)South Carolina$15.1M
MAIN DESTINATION (October 2024)Mexico$52M

This section shows Cold-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 Cold-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$538M
IMPORTS (2022)$1.77B
NET TRADE (2022)-$1.23B

In 2022, United States exported $538M in Cold-Rolled Iron. The main destinations of United States exports on Cold-Rolled Iron were Mexico ($371M), Canada ($146M), Pakistan ($4.6M), Italy ($1.82M), and Japan ($1.61M).

In 2022, United States imported $1.77B in Cold-Rolled Iron, mainly from Canada ($742M), Mexico ($215M), Australia ($169M), Chinese Taipei ($157M), and South Korea ($98.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$16.8M (13%)
Japan$845k (110%)
Vietnam$583k (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY United States WERE (2021 - 2022):
Mexico-$34.2M (-8.43%)
Honduras-$599k (-80.8%)
Jamaica-$558k (-98.7%)
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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 Cold-Rolled Iron were:
South Korea $3.19B
China $2.87B
Japan $1.62B
In 2022, United States's main importing competitors in Cold-Rolled Iron were:
Mexico $1.16B
China $1.02B

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Trade Value of Cold-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.65M
TOP IMPORT POTENTIALSouth Korea+ $40.9M

Cold-Rolled Iron’s highest export potential is China. With an export gap of $3.65M.   Cold-Rolled Iron’s highest import potential is South Korea with an import gap of $40.9M.

See methodology.

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