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2022
Exports $365MWorld Rnk 6 / 109
Flag Rnk 459 / 1217
2022
Destination $55.2M Canada
2021 - 2022
FASTEST GROWING MARKET $55.2MCanada
2022
PRODUCT COMPLEXITY IN Flat-Rolled Iron1.12Rnk 129 / 1025
2022
Imports $283MWorld Rnk 3 / 182
Flag Rnk 687 / 1216
2022
Origin $26.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $26.1MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $365M in Flat-Rolled Iron, making it the 6th largest exporter of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 459th most exported product in United States. The main destination of Flat-Rolled Iron exports from United States are: Canada ($195M), Mexico ($127M), China ($12.2M), Malaysia ($4.14M), and United Kingdom ($3.67M).

The fastest growing export markets for Flat-Rolled Iron of United States between 2021 and 2022 were Canada ($55.2M), Mexico ($52.7M), and China ($7.66M).

Imports In 2022, United States imported $283M in Flat-Rolled Iron, becoming the 3rd largest importer of Flat-Rolled Iron in the world. At the same year, Flat-Rolled Iron was the 687th most imported product in United States. United States imports Flat-Rolled Iron primarily from: Germany ($83.6M), Canada ($52.8M), Austria ($52M), Japan ($45.8M), and India ($8.92M).

The fastest growing import markets in Flat-Rolled Iron for United States between 2021 and 2022 were Germany ($26.1M), Japan ($15.3M), and India ($6.5M).

COMPANIES In 2023, leading companies such as TPV Tech (2.23k), ViewSonic (201), and Asus Computer (72) were at the forefront of shipping Flat-Rolled Iron to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Flat-Rolled Iron exports accounted up to $35.1M and imports accounted up to $16.2M, resulting in a positive trade balance of $18.9M. Between June 2023 and June 2024 the exports of United States'   Flat-Rolled Iron have increased by $1.98M (5.98%) from $33.1M to $35.1M, while imports decreased by $-4.9M (-23.2%) from $21.1M to $16.2M.

Destinations In June 2024, Flat-Rolled Iron were exported mostly to Canada ($23.6M), Mexico ($9.07M), China ($805k), United Kingdom ($337k), and India ($207k), and were imported mostly from Germany ($5.1M), Canada ($3.78M), Austria ($2.88M), Japan ($2.1M), and Sweden ($907k).

Growth In June 2024, the increase in Flat-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Canada ($2.2M or 14.4%), United Kingdom ($1.37M or 2.18k%), and Malaysia ($337k or 189%). In June 2024, the decrease in Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Austria ($-1.5M or -32.5%), Slovenia ($-76k or -27.9%), and China ($-59.9k or -61.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$1.98M(5.98%)
IMPORT GROWTH (June 2023 - June 2024)$-4.9M(-23.2%)
MAIN EXPORTER (June 2024)Ohio$11.5M
MAIN DESTINATION (June 2024)Canada$23.6M

This section shows 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 Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$365M
IMPORTS (2022)$283M
NET TRADE (2022)$81.4M

In 2022, United States exported $365M in Flat-Rolled Iron. The main destinations of United States exports on Flat-Rolled Iron were Canada ($195M), Mexico ($127M), China ($12.2M), Malaysia ($4.14M), and United Kingdom ($3.67M).

In 2022, United States imported $283M in Flat-Rolled Iron, mainly from Germany ($83.6M), Canada ($52.8M), Austria ($52M), Japan ($45.8M), and India ($8.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$55.2M (39.5%)
Mexico$52.7M (71.2%)
China$7.66M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Iron BY United States WERE (2021 - 2022):
Mauritius-$1.24M (-100%)
Italy-$762k (-60.7%)
Switzerland-$604k (-89.4%)
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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 Flat-Rolled Iron were:
Germany $1.13B
Austria $640M
China $464M
In 2022, United States's main importing competitors in Flat-Rolled Iron were:
Germany $587M
China $369M

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Trade Value of Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.6M
TOP IMPORT POTENTIALGermany+ $6.03M

Flat-Rolled Iron’s highest export potential is China. With an export gap of $7.6M.   Flat-Rolled Iron’s highest import potential is Germany with an import gap of $6.03M.

See methodology.

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