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2022
Exports $1.4BWorld Rnk 16 / 208
Flag Rnk 215 / 1217
2022
Destination $121M Canada
2021 - 2022
FASTEST GROWING MARKET $121MCanada
2022
PRODUCT COMPLEXITY IN Iron Structures0.5Rnk 363 / 1025
2022
Imports $8.53BWorld Rnk 1 / 224
Flag Rnk 73 / 1216
2022
Origin $578M Mexico
2021 - 2022
FASTEST GROWING ORIGIN $578MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.4B in Iron Structures, making it the 16th largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 215th most exported product in United States. The main destination of Iron Structures exports from United States are: Canada ($827M), Mexico ($133M), Israel ($57.8M), Bahamas ($26.8M), and Australia ($22.9M).

The fastest growing export markets for Iron Structures of United States between 2021 and 2022 were Canada ($121M), Israel ($50.8M), and Guyana ($17.5M).

Imports In 2022, United States imported $8.53B in Iron Structures, becoming the 1st largest importer of Iron Structures in the world. At the same year, Iron Structures was the 73rd most imported product in United States. United States imports Iron Structures primarily from: Mexico ($1.87B), Canada ($1.67B), China ($1.55B), India ($546M), and Thailand ($438M).

The fastest growing import markets in Iron Structures for United States between 2021 and 2022 were Mexico ($578M), China ($320M), and Canada ($242M).

COMPANIES In 2023, leading companies such as Vestas (85), Siemens (34), and LG Electronics (26) were at the forefront of shipping Iron Structures to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United States' Iron Structures exports accounted up to $132M and imports accounted up to $711M, resulting in a negative trade balance of $579M. Between April 2023 and April 2024 the exports of United States'   Iron Structures have increased by $14.5M (12.3%) from $118M to $132M, while imports increased by $83.6M (13.3%) from $628M to $711M.

Destinations In April 2024, Iron Structures were exported mostly to Canada ($67.9M), Israel ($15.3M), Mexico ($12.4M), Colombia ($10.8M), and Bahamas ($2.54M), and were imported mostly from Canada ($131M), Mexico ($131M), China ($67.7M), Germany ($66.2M), and India ($54.9M).

Growth In April 2024, the increase in Iron Structures's year-by-year exports was explained primarily by an increase in exports to Panama ($3.19M or 4.39k%), Mexico ($2.17M or 16.6%), and Bahamas ($794k or 49.9%). In April 2024, the increase in Iron Structures's year-by-year imports was explained primarily by an increase in imports from Canada ($37.5M or 40.7%), India ($16.8M or 37.6%), and Germany ($11.3M or 82.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$14.5M(12.3%)
IMPORT GROWTH (April 2023 - April 2024)$83.6M(13.3%)
MAIN EXPORTER (April 2024)Louisiana$36.8M
MAIN DESTINATION (April 2024)Canada$67.9M

This section shows Iron Structures'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 Structures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4B
IMPORTS (2022)$8.53B
NET TRADE (2022)-$7.13B

In 2022, United States exported $1.4B in Iron Structures. The main destinations of United States exports on Iron Structures were Canada ($827M), Mexico ($133M), Israel ($57.8M), Bahamas ($26.8M), and Australia ($22.9M).

In 2022, United States imported $8.53B in Iron Structures, mainly from Mexico ($1.87B), Canada ($1.67B), China ($1.55B), India ($546M), and Thailand ($438M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Structures EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$121M (17.2%)
Israel$50.8M (730%)
Guyana$17.5M (473%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Structures BY United States WERE (2021 - 2022):
South Korea-$6.15M (-45.2%)
Singapore-$5.39M (-59.8%)
Mexico-$4.89M (-3.53%)
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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 Structures were:
China $18.3B
Germany $5.23B
Poland $3.63B
In 2022, United States's main importing competitors in Iron Structures were:
Germany $5.47B
France $3.4B

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Trade Value of Iron Structures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $16.5M
TOP IMPORT POTENTIALChina+ $452M

Iron Structures’s highest export potential is United Kingdom. With an export gap of $16.5M.   Iron Structures’s highest import potential is China with an import gap of $452M.

See methodology.

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