Large Coated Flat-Rolled Iron in United States 2021 Exports | Imports : $337M | $342M, World Rnk 7 / 130 Rnk 448 / 1216 | World Rnk 4 / 211 Rnk 608 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $34.3M | $36.6M, Mexico | Mexico
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Large Coated Flat-Rolled Iron: 0.51, Rnk 367 / 1029
Exports In 2021, United States exported $337M in Large Coated Flat-Rolled Iron, making it the 7th largest exporter of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 448th most exported product in United States. The main destination of Large Coated Flat-Rolled Iron exports from United States are: Mexico ($148M), Canada ($113M), Germany ($14.1M), China ($12.8M), and Italy ($10.2M).
The fastest growing export markets for Large Coated Flat-Rolled Iron of United States between 2020 and 2021 were Mexico ($34.3M), Canada ($32.8M), and China ($4.37M).
Imports In 2021, United States imported $342M in Large Coated Flat-Rolled Iron, becoming the 4th largest importer of Large Coated Flat-Rolled Iron in the world. At the same year, Large Coated Flat-Rolled Iron was the 608th most imported product in United States. United States imports Large Coated Flat-Rolled Iron primarily from: Canada ($64.4M), Mexico ($62.5M), Germany ($45.3M), Vietnam ($27.2M), and United Arab Emirates ($26.8M).
The fastest growing import markets in Large Coated Flat-Rolled Iron for United States between 2020 and 2021 were Mexico ($36.6M), Canada ($29.6M), and United Arab Emirates ($25.3M).
January 2023
Overview In January 2023 United States' Large Coated Flat-Rolled Iron exports accounted up to $28M and imports accounted up to $20.3M, resulting in a positive trade balance of $7.65M. Between January 2022 and January 2023 the exports of United States' Large Coated Flat-Rolled Iron have decreased by $-6.82M (-19.6%) from $34.8M to $28M, while imports decreased by $-9.22M (-31.2%) from $29.6M to $20.3M.
Destinations In January 2023, Large Coated Flat-Rolled Iron were exported mostly to Mexico ($12M), Canada ($11.8M), China ($963k), Japan ($924k), and Italy ($691k), and were imported mostly from Germany ($6.29M), Canada ($4.79M), Mexico ($2.73M), Belgium ($1.72M), and Japan ($977k).
Growth In January 2023, the decrease in Large Coated Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to France ($-262k or -92.5%), Italy ($-242k or -16.5%), and Belgium ($-206k or -68.2%). In January 2023, the decrease in Large Coated Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-1.39M or -31.8%), South Korea ($-252k or -24.1%), and Egypt ($-217k or -80.2%).
EXPORT GROWTH (January 2022 - January 2023): $-6.82M, (-19.6%)
IMPORT GROWTH (January 2022 - January 2023): $-9.22M, (-31.2%)
MAIN EXPORTER (January 2023): Michigan, $5.91M
MAIN DESTINATION (January 2023): Mexico, $12M
This section shows Large Coated Flat-Rolled Iron'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 Large Coated Flat-Rolled Iron over time.
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EXPORTS (2021): $337M
IMPORTS (2021): $342M
NET TRADE (2021): -$4.49M
In 2021, United States exported $337M in Large Coated Flat-Rolled Iron. The main destinations of United States exports on Large Coated Flat-Rolled Iron were Mexico ($148M), Canada ($113M), Germany ($14.1M), China ($12.8M), and Italy ($10.2M).
In 2021, United States imported $342M in Large Coated Flat-Rolled Iron, mainly from Canada ($64.4M), Mexico ($62.5M), Germany ($45.3M), Vietnam ($27.2M), and United Arab Emirates ($26.8M).
THE FASTEST GROWING Large Coated Flat-Rolled Iron EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Coated Flat-Rolled Iron BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Large Coated Flat-Rolled Iron were:
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