Hot-Rolled Iron in China 2021 Exports | Imports : $3.76B | $2.16B, World Rnk 5 / 153 Rnk 171 / 1215 | World Rnk 10 / 212 Rnk 141 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $508M | $203M, Vietnam | Japan
2021 ECONOMIC COMPLEXITY of China: 1.07, Rnk 25 / 131
2021 PRODUCT COMPLEXITY IN Hot-Rolled Iron: 0.5, Rnk 368 / 1024
Exports In 2021, China exported $3.76B in Hot-Rolled Iron, making it the 5th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 171st most exported product in China. The main destination of Hot-Rolled Iron exports from China are: South Korea ($690M), Vietnam ($536M), Saudi Arabia ($286M), Pakistan ($157M), and Philippines ($139M).
The fastest growing export markets for Hot-Rolled Iron of China between 2020 and 2021 were Vietnam ($508M), South Korea ($454M), and Pakistan ($153M).
Imports In 2021, China imported $2.16B in Hot-Rolled Iron, becoming the 10th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 141st most imported product in China. China imports Hot-Rolled Iron primarily from: Japan ($1.37B), South Korea ($552M), Chinese Taipei ($119M), Indonesia ($36.9M), and Hong Kong ($28.3M).
The fastest growing import markets in Hot-Rolled Iron for China between 2020 and 2021 were Japan ($203M), Malaysia ($3.74M), and Brazil ($1.72M).
June 2023
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%).
EXPORT GROWTH (June 2022 - June 2023): $-397M, (-24%)
IMPORT GROWTH (June 2022 - June 2023): $-58.5M, (-30%)
MAIN EXPORTER (June 2023): Zhejiang Province, $367M
MAIN DESTINATION (June 2023): Vietnam, $252M
This section shows Hot-Rolled Iron's exports and imports data at subnational level for China. 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 over time.
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EXPORTS (2021): $3.76B
IMPORTS (2021): $2.16B
NET TRADE (2021): $1.59B
In 2021, China exported $3.76B in Hot-Rolled Iron. The main destinations of China exports on Hot-Rolled Iron were South Korea ($690M), Vietnam ($536M), Saudi Arabia ($286M), Pakistan ($157M), and Philippines ($139M).
In 2021, China imported $2.16B in Hot-Rolled Iron, mainly from Japan ($1.37B), South Korea ($552M), Chinese Taipei ($119M), Indonesia ($36.9M), and Hong Kong ($28.3M).
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR China WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY China WERE (2020 - 2021):
In 2021, China's main exporting competitors in Hot-Rolled Iron were:
In 2021, China's main importing competitors in Hot-Rolled Iron were:
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