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2022
Exports $433MWorld Rnk 6 / 195
Flag Rnk 423 / 1217
2022
Destination $1.35M Canada
2021 - 2022
FASTEST GROWING MARKET $1.35MDominican Republic
2022
PRODUCT COMPLEXITY IN Iron Stovetops0.23Rnk 479 / 1025
2022
Imports $3.78BWorld Rnk 1 / 221
Flag Rnk 150 / 1216
2022
Origin $13.2M China
2021 - 2022
FASTEST GROWING ORIGIN $13.2MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $433M in Iron Stovetops, making it the 6th largest exporter of Iron Stovetops in the world. At the same year, Iron Stovetops was the 423rd most exported product in United States. The main destination of Iron Stovetops exports from United States are: Canada ($234M), Mexico ($33.9M), Australia ($29.1M), Germany ($17.9M), and France ($14.3M).

The fastest growing export markets for Iron Stovetops of United States between 2021 and 2022 were Dominican Republic ($1.35M), Colombia ($1.17M), and Barbados ($1.16M).

Imports In 2022, United States imported $3.78B in Iron Stovetops, becoming the 1st largest importer of Iron Stovetops in the world. At the same year, Iron Stovetops was the 150th most imported product in United States. United States imports Iron Stovetops primarily from: China ($2.44B), Mexico ($618M), Canada ($223M), South Korea ($109M), and Italy ($72.9M).

The fastest growing import markets in Iron Stovetops for United States between 2021 and 2022 were Canada ($13.2M), France ($5.74M), and Israel ($4.75M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (265), Electrolux (236), and Costco Wholesale (196) were at the forefront of shipping Iron Stovetops to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Iron Stovetops exports accounted up to $22M and imports accounted up to $289M, resulting in a negative trade balance of $267M. Between August 2023 and August 2024 the exports of United States'   Iron Stovetops have decreased by $-212k (-0.96%) from $22.2M to $22M, while imports increased by $32M (12.5%) from $257M to $289M.

Destinations In August 2024, Iron Stovetops were exported mostly to Canada ($12.6M), Mexico ($3M), Australia ($1.89M), Dominican Republic ($804k), and United Kingdom ($266k), and were imported mostly from China ($178M), Mexico ($44.4M), Thailand ($17.5M), Canada ($12.6M), and South Korea ($11.5M).

Growth In August 2024, the decrease in Iron Stovetops's year-by-year exports was explained primarily by a decrease in exports to Canada ($-10.2M or -41.7%), Germany ($-1.12M or -77.1%), and France ($-1.08M or -97.5%). In August 2024, the increase in Iron Stovetops's year-by-year imports was explained primarily by an increase in imports from Spain ($746k or 83.4%), Poland ($465k or 498%), and France ($427k or 62%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-212k(-0.96%)
IMPORT GROWTH (August 2023 - August 2024)$32M(12.5%)
MAIN EXPORTER (August 2024)Illinois$8.68M
MAIN DESTINATION (August 2024)Canada$12.6M

This section shows Iron Stovetops'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 Stovetops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$433M
IMPORTS (2022)$3.78B
NET TRADE (2022)-$3.34B

In 2022, United States exported $433M in Iron Stovetops. The main destinations of United States exports on Iron Stovetops were Canada ($234M), Mexico ($33.9M), Australia ($29.1M), Germany ($17.9M), and France ($14.3M).

In 2022, United States imported $3.78B in Iron Stovetops, mainly from China ($2.44B), Mexico ($618M), Canada ($223M), South Korea ($109M), and Italy ($72.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Stovetops EXPORT MARKETS FOR United States WERE (2021 - 2022):
Dominican Republic$1.35M (21.7%)
Colombia$1.17M (96.8%)
Barbados$1.16M (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Stovetops BY United States WERE (2021 - 2022):
Canada-$87.3M (-27.2%)
Australia-$12.2M (-29.5%)
Netherlands-$9.58M (-63.6%)
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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 Stovetops were:
China $6.52B
Italy $1.15B
Mexico $702M
In 2022, United States's main importing competitors in Iron Stovetops were:
Germany $1.15B
France $918M

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Trade Value of Iron Stovetops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.47M
TOP IMPORT POTENTIALCanada+ $86.5M

Iron Stovetops’s highest export potential is Germany. With an export gap of $9.47M.   Iron Stovetops’s highest import potential is Canada with an import gap of $86.5M.

See methodology.

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