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2022
Exports $217MWorld Rnk 5 / 105
Flag Rnk 573 / 1217
2022
Destination $10.2M Mexico
2021 - 2022
FASTEST GROWING MARKET $10.2MMexico
2022
PRODUCT COMPLEXITY IN Iron Powder0.78Rnk 252 / 1025
2022
Imports $313MWorld Rnk 1 / 176
Flag Rnk 670 / 1216
2022
Origin $30.2M Canada
2021 - 2022
FASTEST GROWING ORIGIN $30.2MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $217M in Iron Powder, making it the 5th largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 573rd most exported product in United States. The main destination of Iron Powder exports from United States are: Mexico ($56.8M), China ($32.5M), Canada ($29.9M), Germany ($15.7M), and Chinese Taipei ($13.2M).

The fastest growing export markets for Iron Powder of United States between 2021 and 2022 were Mexico ($10.2M), Italy ($3.94M), and Denmark ($1.76M).

Imports In 2022, United States imported $313M in Iron Powder, becoming the 1st largest importer of Iron Powder in the world. At the same year, Iron Powder was the 670th most imported product in United States. United States imports Iron Powder primarily from: Canada ($113M), Sweden ($38.6M), India ($34.3M), Germany ($31.6M), and Japan ($24.1M).

The fastest growing import markets in Iron Powder for United States between 2021 and 2022 were India ($30.2M), Canada ($16M), and China ($5.07M).

COMPANIES In 2023, leading companies such as John Deere (30), Samsung (6), and Schaeffler Group (3) were at the forefront of shipping Iron Powder to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Iron Powder exports accounted up to $13.9M and imports accounted up to $18.6M, resulting in a negative trade balance of $4.62M. Between September 2023 and September 2024 the exports of United States'   Iron Powder have decreased by $-3.27M (-19%) from $17.2M to $13.9M, while imports decreased by $-75k (-0.4%) from $18.6M to $18.6M.

Destinations In September 2024, Iron Powder were exported mostly to Mexico ($4.87M), Canada ($2.57M), China ($1.99M), Chinese Taipei ($832k), and Germany ($713k), and were imported mostly from Canada ($7.61M), Sweden ($2.15M), Germany ($2M), China ($1.24M), and United Kingdom ($1.2M).

Growth In September 2024, the decrease in Iron Powder's year-by-year exports was explained primarily by a decrease in exports to China ($-1.55M or -58.2%), Canada ($-660k or -21.8%), and Chinese Taipei ($-542k or -44%). In September 2024, the decrease in Iron Powder's year-by-year imports was explained primarily by a decrease in imports from Canada ($-876k or -9.78%), United Kingdom ($-434k or -22.4%), and Turkey ($-200k or -93.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-3.27M(-19%)
IMPORT GROWTH (September 2023 - September 2024)$-75k(-0.4%)
MAIN EXPORTER (September 2024)Pennsylvania$7.08M
MAIN DESTINATION (September 2024)Mexico$4.87M

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$217M
IMPORTS (2022)$313M
NET TRADE (2022)-$96.2M

In 2022, United States exported $217M in Iron Powder. The main destinations of United States exports on Iron Powder were Mexico ($56.8M), China ($32.5M), Canada ($29.9M), Germany ($15.7M), and Chinese Taipei ($13.2M).

In 2022, United States imported $313M in Iron Powder, mainly from Canada ($113M), Sweden ($38.6M), India ($34.3M), Germany ($31.6M), and Japan ($24.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$10.2M (21.9%)
Italy$3.94M (279%)
Denmark$1.76M (7.86k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY United States WERE (2021 - 2022):
Sweden-$9.55M (-73.9%)
Chinese Taipei-$5.95M (-31.1%)
Canada-$5.01M (-14.4%)
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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 Powder were:
Sweden $492M
Germany $267M
Japan $257M
In 2022, United States's main importing competitors in Iron Powder were:
Germany $312M
China $296M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.51M
TOP IMPORT POTENTIALChina+ $7.31M

Iron Powder’s highest export potential is China. With an export gap of $4.51M.   Iron Powder’s highest import potential is China with an import gap of $7.31M.

See methodology.

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