Iron Blocks in United States 2021 Exports | Imports : $518M | $942M, World Rnk 9 / 165 Rnk 359 / 1216 | World Rnk 4 / 218 Rnk 387 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $133M | $165M, Canada | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Iron Blocks: -0.43, Rnk 686 / 1024
Exports In 2021, United States exported $518M in Iron Blocks, making it the 9th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 359th most exported product in United States. The main destination of Iron Blocks exports from United States are: Canada ($386M), Mexico ($97.2M), Dominican Republic ($9.64M), Brazil ($1.72M), and Costa Rica ($1.63M).
The fastest growing export markets for Iron Blocks of United States between 2020 and 2021 were Canada ($133M), Mexico ($40.4M), and China ($807k).
Imports In 2021, United States imported $942M in Iron Blocks, becoming the 4th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 387th most imported product in United States. United States imports Iron Blocks primarily from: Mexico ($379M), Canada ($205M), South Korea ($110M), Germany ($58.2M), and Luxembourg ($49.2M).
The fastest growing import markets in Iron Blocks for United States between 2020 and 2021 were Mexico ($165M), Canada ($104M), and South Korea ($49.2M).
May 2023
Overview In May 2023 United States' Iron Blocks exports accounted up to $55.6M and imports accounted up to $73.6M, resulting in a negative trade balance of $18M. Between May 2022 and May 2023 the exports of United States' Iron Blocks have decreased by $-3.68M (-6.21%) from $59.3M to $55.6M, while imports decreased by $-29.5M (-28.6%) from $103M to $73.6M.
Destinations In May 2023, Iron Blocks were exported mostly to Canada ($39.5M), Mexico ($14.7M), Guyana ($277k), New Zealand ($181k), and Thailand ($168k), and were imported mostly from Mexico ($27.5M), Canada ($17M), South Korea ($7.46M), Germany ($6.33M), and Luxembourg ($4.73M).
Growth In May 2023, the decrease in Iron Blocks's year-by-year exports was explained primarily by a decrease in exports to Dominican Republic ($-1.22M or -98.6%), Colombia ($-233k or -67.7%), and China ($-62.8k or -46%). In May 2023, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-2.61M or -72%), United Arab Emirates ($-2.55M or -43.2%), and United Kingdom ($-412k or -91.5%).
EXPORT GROWTH (May 2022 - May 2023): $-3.68M, (-6.21%)
IMPORT GROWTH (May 2022 - May 2023): $-29.5M, (-28.6%)
MAIN EXPORTER (May 2023): Texas, $26M
MAIN DESTINATION (May 2023): Canada, $39.5M
This section shows Iron Blocks'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 Iron Blocks over time.
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EXPORTS (2021): $518M
IMPORTS (2021): $942M
NET TRADE (2021): -$424M
In 2021, United States exported $518M in Iron Blocks. The main destinations of United States exports on Iron Blocks were Canada ($386M), Mexico ($97.2M), Dominican Republic ($9.64M), Brazil ($1.72M), and Costa Rica ($1.63M).
In 2021, United States imported $942M in Iron Blocks, mainly from Mexico ($379M), Canada ($205M), South Korea ($110M), Germany ($58.2M), and Luxembourg ($49.2M).
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Iron Blocks were:
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