Overview In June 2023 China's Hot-Rolled Iron exports accounted up to $1.26B and imports accounted up to $137M, resulting in a positive trade balance of $1.12B. Between June 2022 and June 2023 the exports of China's Hot-Rolled Iron have decreased by $-397M (-24%) from $1.65B to $1.26B, while imports decreased by $-58.5M (-30%) from $195M to $137M.
Destinations In June 2023, Hot-Rolled Iron were exported mostly to Vietnam ($252M), South Korea ($128M), Turkey ($101M), Pakistan ($52.7M), and Indonesia ($50.9M), and were imported mostly from Japan ($90.4M), South Korea ($38M), Taiwan ($2.45M), Russia ($2.39M), and China ($1.63M).
Growth In June 2023, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Senegal ($-986k or -89.5%), Ethiopia ($-230k or -54.7%), and Madagascar ($-192k or -87.8%). In June 2023, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-26.7M or -86.1%), China ($-581k or -33.4%), and Netherlands ($-452k or -73.5%).