Hot-Rolled Iron in United States 2021 Exports | Imports : $1.68B | $4.41B, World Rnk 15 / 153 Rnk 169 / 1216 | World Rnk 3 / 212 Rnk 122 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $371M | $1.55B, Mexico | Canada
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Hot-Rolled Iron: 0.35, Rnk 429 / 1029
Exports In 2021, United States exported $1.68B in Hot-Rolled Iron, making it the 15th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 169th most exported product in United States. The main destination of Hot-Rolled Iron exports from United States are: Mexico ($1.03B), Canada ($628M), Bahamas ($2.97M), Singapore ($2.24M), and Ecuador ($1.74M).
The fastest growing export markets for Hot-Rolled Iron of United States between 2020 and 2021 were Mexico ($371M), Canada ($295M), and South Africa ($1.18M).
Imports In 2021, United States imported $4.41B in Hot-Rolled Iron, becoming the 3rd largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 122nd most imported product in United States. United States imports Hot-Rolled Iron primarily from: Canada ($2.27B), South Korea ($769M), Turkey ($380M), Mexico ($266M), and Japan ($261M).
The fastest growing import markets in Hot-Rolled Iron for United States between 2020 and 2021 were Canada ($1.55B), South Korea ($493M), and Turkey ($370M).
February 2023
Overview In February 2023 United States' Hot-Rolled Iron exports accounted up to $176M and imports accounted up to $170M, resulting in a positive trade balance of $6.64M. Between February 2022 and February 2023 the exports of United States' Hot-Rolled Iron have increased by $11.6M (7.06%) from $165M to $176M, while imports decreased by $-133M (-43.9%) from $303M to $170M.
Destinations In February 2023, Hot-Rolled Iron were exported mostly to Mexico ($117M), Canada ($56.8M), Dominican Republic ($614k), Colombia ($480k), and India ($205k), and were imported mostly from Canada ($95.8M), Mexico ($36.1M), South Korea ($22.1M), Netherlands ($3.78M), and Brazil ($3.69M).
Growth In February 2023, the increase in Hot-Rolled Iron's year-by-year exports was explained primarily by an increase in exports to Mexico ($41.6M or 73.6%), Canada ($25.3M or 64.3%), and Dominican Republic ($89.4k or 417%). In February 2023, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from .
EXPORT GROWTH (February 2022 - February 2023): $11.6M, (7.06%)
IMPORT GROWTH (February 2022 - February 2023): $-133M, (-43.9%)
MAIN EXPORTER (February 2023): Texas, $51M
MAIN DESTINATION (February 2023): Mexico, $117M
This section shows Hot-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 Hot-Rolled Iron over time.
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EXPORTS (2021): $1.68B
IMPORTS (2021): $4.41B
NET TRADE (2021): -$2.72B
In 2021, United States exported $1.68B in Hot-Rolled Iron. The main destinations of United States exports on Hot-Rolled Iron were Mexico ($1.03B), Canada ($628M), Bahamas ($2.97M), Singapore ($2.24M), and Ecuador ($1.74M).
In 2021, United States imported $4.41B in Hot-Rolled Iron, mainly from Canada ($2.27B), South Korea ($769M), Turkey ($380M), Mexico ($266M), and Japan ($261M).
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Hot-Rolled Iron were:
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