Cold-Rolled Iron in United States 2020 Exports | Imports : $281M | $647M, World Rnk 12 / 122 Rnk 453 / 1217 | World Rnk 2 / 197 Rnk 405 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.53M | $4.14M, Egypt | Turkey
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Cold-Rolled Iron: 0.16, Rnk 501 / 1029
Exports In 2020, United States exported $281M in Cold-Rolled Iron, making it the 12th largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 453rd most exported product in United States. The main destination of Cold-Rolled Iron exports from United States are: Mexico ($179M), Canada ($86.4M), Egypt ($2.53M), Japan ($1.54M), and China ($1.52M).
The fastest growing export markets for Cold-Rolled Iron of United States between 2019 and 2020 were Egypt ($2.53M), Hong Kong ($761k), and Malaysia ($598k).
Imports In 2020, United States imported $647M in Cold-Rolled Iron, becoming the 2nd largest importer of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 405th most imported product in United States. United States imports Cold-Rolled Iron primarily from: Canada ($268M), Australia ($156M), Mexico ($110M), South Korea ($34.9M), and Chinese Taipei ($23.8M).
The fastest growing import markets in Cold-Rolled Iron for United States between 2019 and 2020 were Turkey ($4.14M), South Korea ($814k), and Hungary ($102k).
December 2022
Overview In December 2022 United States' Cold-Rolled Iron exports accounted up to $32.9M and imports accounted up to $105M, resulting in a negative trade balance of $72.2M. Between December 2021 and December 2022 the exports of United States' Cold-Rolled Iron have decreased by $-15.8M (-32.5%) from $48.7M to $32.9M, while imports decreased by $-76.5M (-42.1%) from $182M to $105M.
Destinations In December 2022, Cold-Rolled Iron were exported mostly to Mexico ($21.5M), Canada ($9.86M), Japan ($455k), United Kingdom ($188k), and Australia ($155k), and were imported mostly from Canada ($43.3M), Mexico ($15.5M), Australia ($13.6M), Taiwan ($8.46M), and Belgium ($7M).
Growth In December 2022, the decrease in Cold-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Japan ($-56.2k or -82.1%), Hong Kong ($-40.2k or -40.8%), and Italy ($-22.6k or -18.4%). In December 2022, the decrease in Cold-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-2.45M or -70.9%).
EXPORT GROWTH (December 2021 - December 2022): $-15.8M, (-32.5%)
IMPORT GROWTH (December 2021 - December 2022): $-76.5M, (-42.1%)
MAIN EXPORTER (December 2022): Mississippi, $4.85M
MAIN DESTINATION (December 2022): Mexico, $21.5M
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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EXPORTS (2020): $281M
IMPORTS (2020): $647M
NET TRADE (2020): -$366M
In 2020, United States exported $281M in Cold-Rolled Iron. The main destinations of United States exports on Cold-Rolled Iron were Mexico ($179M), Canada ($86.4M), Egypt ($2.53M), Japan ($1.54M), and China ($1.52M).
In 2020, United States imported $647M in Cold-Rolled Iron, mainly from Canada ($268M), Australia ($156M), Mexico ($110M), South Korea ($34.9M), and Chinese Taipei ($23.8M).
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Cold-Rolled Iron were:
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