Large Flat-Rolled Iron in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $488M in Large Flat-Rolled Iron, making it the 4th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 395th most exported product in United States. The main destination of Large Flat-Rolled Iron exports from United States are: Canada ($284M), Mexico ($189M), China ($1.51M), Panama ($1.37M), and Japan ($1.21M).

The fastest growing export markets for Large Flat-Rolled Iron of United States between 2021 and 2022 were Mexico ($46.5M), Canada ($37.5M), and South Korea ($815k).

Imports In 2022, United States imported $418M in Large Flat-Rolled Iron, becoming the 3rd largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 595th most imported product in United States. United States imports Large Flat-Rolled Iron primarily from: Canada ($273M), Mexico ($68.2M), Germany ($37.7M), Sweden ($9.8M), and Chinese Taipei ($8.57M).

The fastest growing import markets in Large Flat-Rolled Iron for United States between 2021 and 2022 were Canada ($45.4M), Germany ($11.1M), and Sweden ($4.28M).

COMPANIES In 2023, leading companies such as SCHAEFFLER GROUP USA INC. (232), AMAZON SERVICES LLC (116), and STIHL INCORPORATED (52) were at the forefront of shipping Large Flat-Rolled Iron to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Large Flat-Rolled Iron exports accounted up to $37.8M and imports accounted up to $36.4M, resulting in a positive trade balance of $1.37M. Between January 2023 and January 2024 the exports of United States' Large Flat-Rolled Iron have decreased by $-938k (-2.42%) from $38.7M to $37.8M, while imports increased by $7.32M (25.2%) from $29.1M to $36.4M.

Destinations In January 2024, Large Flat-Rolled Iron were exported mostly to Canada ($23M), Mexico ($14.1M), Guatemala ($271k), Chile ($135k), and Brazil ($109k), and were imported mostly from Canada ($22.5M), Mexico ($8.75M), Germany ($2.67M), Sweden ($752k), and Austria ($522k).

Growth In January 2024, the decrease in Large Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Canada ($-4.42M or -16.2%), Colombia ($-385k or -94.1%), and Hong Kong ($-74k or -66.2%). In January 2024, the increase in Large Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Germany ($1.38M or 87.1%), India ($364k or 96.2%), and Taiwan ($122k or 19.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-938k(-2.42%)

IMPORT GROWTH (January 2023 - January 2024)$7.32M(25.2%)

MAIN EXPORTER (January 2024)Ohio$11.7M

MAIN DESTINATION (January 2024)Canada$23M

This section shows Large 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 Flat-Rolled Iron over time.

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