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2022
Exports $82.2MWorld Rnk 14 / 171
Flag Rnk 775 / 1217
2022
Destination $19.7M Canada
2021 - 2022
FASTEST GROWING MARKET $19.7MMexico
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $1.65BWorld Rnk 1 / 220
Flag Rnk 291 / 1216
2022
Origin $82.5M China
2021 - 2022
FASTEST GROWING ORIGIN $82.5MOman
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $82.2M in Iron Nails, making it the 14th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 775th most exported product in United States. The main destination of Iron Nails exports from United States are: Canada ($32.3M), Mexico ($27.6M), United Kingdom ($4.6M), Australia ($1.94M), and Bahamas ($1.42M).

The fastest growing export markets for Iron Nails of United States between 2021 and 2022 were Mexico ($19.7M), United Kingdom ($1.42M), and Australia ($552k).

Imports In 2022, United States imported $1.65B in Iron Nails, becoming the 1st largest importer of Iron Nails in the world. At the same year, Iron Nails was the 291st most imported product in United States. United States imports Iron Nails primarily from: China ($349M), Oman ($233M), Canada ($107M), South Korea ($104M), and Thailand ($97.1M).

The fastest growing import markets in Iron Nails for United States between 2021 and 2022 were Oman ($82.5M), Lithuania ($40.6M), and India ($33M).

COMPANIES In 2023, leading companies such as Continental Materials (1.94k), Stanley Black & Decker (69), and CrimsonLogic (38) were at the forefront of shipping Iron Nails to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Iron Nails exports accounted up to $4.8M and imports accounted up to $84.5M, resulting in a negative trade balance of $79.7M. Between August 2023 and August 2024 the exports of United States'   Iron Nails have decreased by $-37.7k (-0.78%) from $4.83M to $4.8M, while imports increased by $920k (1.1%) from $83.6M to $84.5M.

Destinations In August 2024, Iron Nails were exported mostly to Canada ($2.89M), Mexico ($600k), Bahamas ($334k), France ($162k), and Honduras ($108k), and were imported mostly from China ($20.1M), India ($7.86M), Mexico ($6.96M), Thailand ($5.78M), and Canada ($5.62M).

Growth In August 2024, the decrease in Iron Nails's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-945k or -89.9%), Mexico ($-341k or -41%), and Costa Rica ($-81.4k or -64.3%). In August 2024, the increase in Iron Nails's year-by-year imports was explained primarily by an increase in imports from Lithuania ($3.12M or 83.1%), United Arab Emirates ($1.3M or 91.4%), and India ($1.18M or 24.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-37.7k(-0.78%)
IMPORT GROWTH (August 2023 - August 2024)$920k(1.1%)
MAIN EXPORTER (August 2024)Arkansas$1.2M
MAIN DESTINATION (August 2024)Canada$2.89M

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$82.2M
IMPORTS (2022)$1.65B
NET TRADE (2022)-$1.56B

In 2022, United States exported $82.2M in Iron Nails. The main destinations of United States exports on Iron Nails were Canada ($32.3M), Mexico ($27.6M), United Kingdom ($4.6M), Australia ($1.94M), and Bahamas ($1.42M).

In 2022, United States imported $1.65B in Iron Nails, mainly from China ($349M), Oman ($233M), Canada ($107M), South Korea ($104M), and Thailand ($97.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$19.7M (250%)
United Kingdom$1.42M (44.8%)
Australia$552k (39.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY United States WERE (2021 - 2022):
Netherlands-$376k (-54.8%)
China-$205k (-37.3%)
Moldova-$175k (-93.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Iron Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, United States's main importing competitors in Iron Nails were:
Canada $173M
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $896k
TOP IMPORT POTENTIALCanada+ $30.4M

Iron Nails’s highest export potential is Germany. With an export gap of $896k.   Iron Nails’s highest import potential is Canada with an import gap of $30.4M.

See methodology.

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