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2022
Exports $56.9MWorld Rnk 5 / 112
Flag Rnk 839 / 1217
2022
Destination $12M Canada
2021 - 2022
FASTEST GROWING MARKET $12MCanada
2022
PRODUCT COMPLEXITY IN Iron Oxides and Hydroxides-0.26Rnk 633 / 1025
2022
Imports $381MWorld Rnk 1 / 188
Flag Rnk 619 / 1216
2022
Origin $68.5M China
2021 - 2022
FASTEST GROWING ORIGIN $68.5MGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $56.9M in Iron Oxides and Hydroxides, making it the 5th largest exporter of Iron Oxides and Hydroxides in the world. At the same year, Iron Oxides and Hydroxides was the 839th most exported product in United States. The main destination of Iron Oxides and Hydroxides exports from United States are: Canada ($20.9M), Mexico ($7.77M), Belgium ($6.31M), China ($5.32M), and Spain ($1.92M).

The fastest growing export markets for Iron Oxides and Hydroxides of United States between 2021 and 2022 were Canada ($12M), France ($1.14M), and South Korea ($824k).

Imports In 2022, United States imported $381M in Iron Oxides and Hydroxides, becoming the 1st largest importer of Iron Oxides and Hydroxides in the world. At the same year, Iron Oxides and Hydroxides was the 619th most imported product in United States. United States imports Iron Oxides and Hydroxides primarily from: China ($155M), Germany ($151M), Italy ($20.6M), Brazil ($16.7M), and India ($11.9M).

The fastest growing import markets in Iron Oxides and Hydroxides for United States between 2021 and 2022 were Germany ($68.5M), China ($55.3M), and Italy ($9.11M).

COMPANIES In 2023, leading companies such as Conair (8), NOURYON FUNCTIONAL CHEMICALS LLC (4), and IKEA Group (3) were at the forefront of shipping Iron Oxides and Hydroxides to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Iron Oxides and Hydroxides exports accounted up to $4.69M and imports accounted up to $17.4M, resulting in a negative trade balance of $12.8M. Between June 2023 and June 2024 the exports of United States'   Iron Oxides and Hydroxides have decreased by $-396k (-7.79%) from $5.08M to $4.69M, while imports increased by $7.74M (79.8%) from $9.7M to $17.4M.

Destinations In June 2024, Iron Oxides and Hydroxides were exported mostly to Canada ($1.39M), South Korea ($1.29M), Mexico ($649k), China ($471k), and Belgium ($237k), and were imported mostly from China ($7.92M), Germany ($5.61M), Italy ($1.04M), India ($910k), and Brazil ($737k).

Growth In June 2024, the decrease in Iron Oxides and Hydroxides's year-by-year exports was explained primarily by a decrease in exports to Canada ($-280k or -18.1%), China ($-259k or -47.6%), and South Korea ($-147k or -70.1%). In June 2024, the increase in Iron Oxides and Hydroxides's year-by-year imports was explained primarily by an increase in imports from Italy ($2.03M or 319%), Germany ($2.01M or 58%), and India ($629k or 89.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-396k(-7.79%)
IMPORT GROWTH (June 2023 - June 2024)$7.74M(79.8%)
MAIN EXPORTER (June 2024)New Jersey$1.38M
MAIN DESTINATION (June 2024)Canada$1.39M

This section shows Iron Oxides and Hydroxides'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 Oxides and Hydroxides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$56.9M
IMPORTS (2022)$381M
NET TRADE (2022)-$325M

In 2022, United States exported $56.9M in Iron Oxides and Hydroxides. The main destinations of United States exports on Iron Oxides and Hydroxides were Canada ($20.9M), Mexico ($7.77M), Belgium ($6.31M), China ($5.32M), and Spain ($1.92M).

In 2022, United States imported $381M in Iron Oxides and Hydroxides, mainly from China ($155M), Germany ($151M), Italy ($20.6M), Brazil ($16.7M), and India ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Oxides and Hydroxides EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$12M (134%)
France$1.14M (229%)
South Korea$824k (97.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Oxides and Hydroxides BY United States WERE (2021 - 2022):
China-$2.46M (-31.6%)
Guatemala-$1.8M (-96.4%)
Germany-$1.32M (-57.1%)
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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 Oxides and Hydroxides were:
China $514M
Germany $367M
South Africa $82.2M
In 2022, United States's main importing competitors in Iron Oxides and Hydroxides were:
China $166M
Germany $62.6M

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Trade Value of Iron Oxides and Hydroxides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.87M
TOP IMPORT POTENTIALCanada+ $3.68M

Iron Oxides and Hydroxides’s highest export potential is China. With an export gap of $1.87M.   Iron Oxides and Hydroxides’s highest import potential is Canada with an import gap of $3.68M.

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