Hot-Rolled Iron Bars in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $101M in Hot-Rolled Iron Bars, making it the 33rd largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 739th most exported product in United States. The main destination of Hot-Rolled Iron Bars exports from United States are: Canada ($54.5M), Dominican Republic ($16.3M), Mexico ($13.9M), Bahamas ($4.23M), and British Virgin Islands ($2.48M).

The fastest growing export markets for Hot-Rolled Iron Bars of United States between 2021 and 2022 were Dominican Republic ($6.46M), Cayman Islands ($1.26M), and Mexico ($989k).

Imports In 2022, United States imported $1.29B in Hot-Rolled Iron Bars, becoming the 1st largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 345th most imported product in United States. United States imports Hot-Rolled Iron Bars primarily from: Canada ($319M), Japan ($166M), Malaysia ($139M), Brazil ($126M), and Mexico ($99.5M).

The fastest growing import markets in Hot-Rolled Iron Bars for United States between 2021 and 2022 were Malaysia ($139M), Japan ($61M), and India ($58M).

COMPANIES In 2023, leading companies such as HYOSUNG USA, INC. (308), MAHLE BEHR DAYTON L.L.C. (44), and MYSTIC APPAREL LLC (12) were at the forefront of shipping Hot-Rolled Iron Bars to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Hot-Rolled Iron Bars exports accounted up to $6.37M and imports accounted up to $66M, resulting in a negative trade balance of $59.6M. Between January 2023 and January 2024 the exports of United States' Hot-Rolled Iron Bars have decreased by $-4.87M (-43.3%) from $11.2M to $6.37M, while imports increased by $2.8M (4.44%) from $63.2M to $66M.

Destinations In January 2024, Hot-Rolled Iron Bars were exported mostly to Canada ($4.29M), Mexico ($979k), Bahamas ($424k), South Korea ($207k), and British Virgin Islands ($124k), and were imported mostly from Canada ($24.9M), Poland ($8.83M), Brazil ($8.06M), Japan ($7.47M), and Germany ($4.76M).

Growth In January 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Turks and Caicos Islands ($-74.9k or -73.5%), Israel ($-43.1k or -93.7%), and South Korea ($-21.9k or -83.3%). In January 2024, the increase in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by an increase in imports from Japan ($8.03M or 95.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-4.87M(-43.3%)

IMPORT GROWTH (January 2023 - January 2024)$2.8M(4.44%)

MAIN EXPORTER (January 2024)Oregon$2.47M

MAIN DESTINATION (January 2024)Canada$4.29M

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$101M

IMPORTS (2022)$1.29B

NET TRADE (2022)-$1.19B

In 2022, United States exported $101M in Hot-Rolled Iron Bars. The main destinations of United States exports on Hot-Rolled Iron Bars were Canada ($54.5M), Dominican Republic ($16.3M), Mexico ($13.9M), Bahamas ($4.23M), and British Virgin Islands ($2.48M).

In 2022, United States imported $1.29B in Hot-Rolled Iron Bars, mainly from Canada ($319M), Japan ($166M), Malaysia ($139M), Brazil ($126M), and Mexico ($99.5M).

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