Iron Wire in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $3.4B in Iron Wire, making it the 1st largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 202nd most exported product in China. The main destination of Iron Wire exports from China are: Saudi Arabia ($507M), United States ($190M), South Korea ($151M), Iraq ($150M), and Vietnam ($147M).

The fastest growing export markets for Iron Wire of China between 2021 and 2022 were Saudi Arabia ($356M), Iraq ($97.8M), and Ghana ($60.2M).

Imports In 2022, China imported $125M in Iron Wire, becoming the 28th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 609th most imported product in China. China imports Iron Wire primarily from: South Korea ($39.2M), Japan ($30.9M), Chinese Taipei ($25.3M), Germany ($9.83M), and Austria ($4M).

The fastest growing import markets in Iron Wire for China between 2021 and 2022 were Austria ($789k), India ($149k), and Vietnam ($105k).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (13), JUSHI USA FIBERGLASS CO., LTD. (2), and AMAZON SERVICES LLC (1) were at the forefront of shipping Iron Wire from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Iron Wire exports accounted up to $161M and imports accounted up to $7.23M, resulting in a positive trade balance of $154M. Between March 2023 and March 2024 the exports of China's Iron Wire have decreased by $-517M (-76.2%) from $678M to $161M, while imports increased by $298k (4.29%) from $6.93M to $7.23M.

Destinations In March 2024, Iron Wire were exported mostly to South Korea ($12.8M), Vietnam ($11.5M), United States ($9.59M), Thailand ($9.28M), and Canada ($7.41M), and were imported mostly from South Korea ($3.05M), Japan ($1.99M), Chinese Taipei ($754k), Germany ($520k), and Indonesia ($212k).

Growth In March 2024, the decrease in Iron Wire's year-by-year exports was explained primarily by a decrease in exports to Burma ($-6.9M or -66.3%), Iraq ($-2.04M or -35.2%), and Mexico ($-1.99M or -34.8%). In March 2024, the increase in Iron Wire's year-by-year imports was explained primarily by an increase in imports from Austria ($318k or 521%), United States ($199k or 569%), and Germany ($107k or 21.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-517M(-76.2%)

IMPORT GROWTH (March 2023 - March 2024)$298k(4.29%)

MAIN EXPORTER (March 2024)Guangdong Province$60.7M

MAIN DESTINATION (March 2024)South Korea$12.8M

This section shows Iron Wire's exports and imports data at subnational level for China. 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 Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.4B

IMPORTS (2022)$125M

NET TRADE (2022)$3.28B

In 2022, China exported $3.4B in Iron Wire. The main destinations of China exports on Iron Wire were Saudi Arabia ($507M), United States ($190M), South Korea ($151M), Iraq ($150M), and Vietnam ($147M).

In 2022, China imported $125M in Iron Wire, mainly from South Korea ($39.2M), Japan ($30.9M), Chinese Taipei ($25.3M), Germany ($9.83M), and Austria ($4M).

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