Other Iron Bars in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $162M in Other Iron Bars, making it the 8th largest exporter of Other Iron Bars in the world. At the same year, Other Iron Bars was the 641st most exported product in United States. The main destination of Other Iron Bars exports from United States are: Canada ($81.6M), Mexico ($63.1M), Germany ($2.54M), China ($1.47M), and Brazil ($1.01M).

The fastest growing export markets for Other Iron Bars of United States between 2021 and 2022 were Canada ($14.2M), Mexico ($10.8M), and Germany ($785k).

Imports In 2022, United States imported $132M in Other Iron Bars, becoming the 6th largest importer of Other Iron Bars in the world. At the same year, Other Iron Bars was the 831st most imported product in United States. United States imports Other Iron Bars primarily from: Canada ($39.1M), Italy ($16M), Spain ($13M), Japan ($10.4M), and India ($9.53M).

The fastest growing import markets in Other Iron Bars for United States between 2021 and 2022 were Japan ($7.64M), Germany ($4.28M), and India ($4.11M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (1.68k), VALBRUNA STAINLESS INC. (807), and ROBERT BOSCH LLC (255) were at the forefront of shipping Other Iron Bars to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Other Iron Bars exports accounted up to $12.9M and imports accounted up to $13.7M, resulting in a negative trade balance of $762k. Between January 2023 and January 2024 the exports of United States' Other Iron Bars have increased by $2.03M (18.6%) from $10.9M to $12.9M, while imports increased by $925k (7.26%) from $12.7M to $13.7M.

Destinations In January 2024, Other Iron Bars were exported mostly to Canada ($7.33M), Mexico ($5.07M), Saudi Arabia ($85.9k), Brazil ($80.9k), and India ($64.9k), and were imported mostly from Germany ($4.89M), Canada ($3.26M), Spain ($1.99M), Mexico ($748k), and China ($650k).

Growth In January 2024, the increase in Other Iron Bars's year-by-year exports was explained primarily by an increase in exports to Brazil ($111k or 339%) and Honduras ($3.76k or 32.4%). In January 2024, the increase in Other Iron Bars's year-by-year imports was explained primarily by an increase in imports from Germany ($1.36M or 49.3%), Italy ($823k or 127%), and China ($446k or 112%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$2.03M(18.6%)

IMPORT GROWTH (January 2023 - January 2024)$925k(7.26%)

MAIN EXPORTER (January 2024)Michigan$2.72M

MAIN DESTINATION (January 2024)Canada$7.33M

This section shows Other Iron Bars'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 Other Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$162M

IMPORTS (2022)$132M

NET TRADE (2022)$30M

In 2022, United States exported $162M in Other Iron Bars. The main destinations of United States exports on Other Iron Bars were Canada ($81.6M), Mexico ($63.1M), Germany ($2.54M), China ($1.47M), and Brazil ($1.01M).

In 2022, United States imported $132M in Other Iron Bars, mainly from Canada ($39.1M), Italy ($16M), Spain ($13M), Japan ($10.4M), and India ($9.53M).

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