Cold-Rolled Iron in United States 2021 Exports | Imports : $543M | $1.52B, World Rnk 13 / 125 Rnk 348 / 1216 | World Rnk 1 / 197 Rnk 284 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $222M | $321M, Mexico | Canada
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Cold-Rolled Iron: 0.16, Rnk 493 / 1029
Exports In 2021, United States exported $543M in Cold-Rolled Iron, making it the 13th largest exporter of Cold-Rolled Iron in the world. At the same year, Cold-Rolled Iron was the 348th most exported product in United States. The main destination of Cold-Rolled Iron exports from United States are: Mexico ($401M), Canada ($125M), Pakistan ($4.31M), China ($1.66M), and Italy ($1.3M).
The fastest growing export markets for Cold-Rolled Iron of United States between 2020 and 2021 were Mexico ($222M), Canada ($38.7M), and Pakistan ($3.54M).
Imports In 2021, United States imported $1.52B 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 284th most imported product in United States. United States imports Cold-Rolled Iron primarily from: Canada ($590M), Australia ($199M), Mexico ($168M), Chinese Taipei ($134M), and Vietnam ($99.9M).
The fastest growing import markets in Cold-Rolled Iron for United States between 2020 and 2021 were Canada ($321M), Chinese Taipei ($111M), and Vietnam ($87.6M).
March 2023
Overview In March 2023 United States' Cold-Rolled Iron exports accounted up to $50.6M and imports accounted up to $102M, resulting in a negative trade balance of $50.9M. Between March 2022 and March 2023 the exports of United States' Cold-Rolled Iron have decreased by $-12.3M (-19.5%) from $62.9M to $50.6M, while imports decreased by $-114M (-53%) from $216M to $102M.
Destinations In March 2023, Cold-Rolled Iron were exported mostly to Mexico ($33.4M), Canada ($16.1M), China ($242k), Japan ($226k), and South Korea ($128k), and were imported mostly from Canada ($39.1M), Australia ($20.1M), Mexico ($16.8M), Taiwan ($9.38M), and South Korea ($9.17M).
Growth In March 2023, the decrease in Cold-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Japan ($-56.2k or -82.1%), Hong Kong ($-40.2k or -40.8%), and Italy ($-22.6k or -18.4%). In March 2023, 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 (March 2022 - March 2023): $-12.3M, (-19.5%)
IMPORT GROWTH (March 2022 - March 2023): $-114M, (-53%)
MAIN EXPORTER (March 2023): Texas, $7.01M
MAIN DESTINATION (March 2023): Mexico, $33.4M
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 (2021): $543M
IMPORTS (2021): $1.52B
NET TRADE (2021): -$974M
In 2021, United States exported $543M in Cold-Rolled Iron. The main destinations of United States exports on Cold-Rolled Iron were Mexico ($401M), Canada ($125M), Pakistan ($4.31M), China ($1.66M), and Italy ($1.3M).
In 2021, United States imported $1.52B in Cold-Rolled Iron, mainly from Canada ($590M), Australia ($199M), Mexico ($168M), Chinese Taipei ($134M), and Vietnam ($99.9M).
THE FASTEST GROWING Cold-Rolled Iron EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cold-Rolled Iron BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Cold-Rolled Iron were:
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