Other Iron Products in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $18.4B in Other Iron Products, making it the 1st largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 37th most exported product in China. The main destination of Other Iron Products exports from China are: United States ($2.89B), Japan ($1.12B), South Korea ($998M), Thailand ($918M), and Germany ($848M).

The fastest growing export markets for Other Iron Products of China between 2021 and 2022 were United States ($387M), India ($365M), and Thailand ($247M).

Imports In 2022, China imported $2.38B in Other Iron Products, becoming the 6th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 132nd most imported product in China. China imports Other Iron Products primarily from: South Korea ($533M), Germany ($357M), Japan ($354M), United States ($164M), and China ($128M).

The fastest growing import markets in Other Iron Products for China between 2021 and 2022 were Italy ($41.9M), Russia ($39.8M), and Mexico ($18M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (36.4k), ADIDAS INTERNATIONAL TRADING AG (1.11k), and ROBERT BOSCH TOOL CORPORATION (938) were at the forefront of shipping Other Iron Products from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Other Iron Products exports accounted up to $1.09B and imports accounted up to $135M, resulting in a positive trade balance of $956M. Between February 2023 and February 2024 the exports of China's Other Iron Products have increased by $215M (24.5%) from $876M to $1.09B, while imports decreased by $-24.5M (-15.4%) from $160M to $135M.

Destinations In February 2024, Other Iron Products were exported mostly to United States ($218M), Japan ($52.5M), Australia ($50.7M), Germany ($41.6M), and Vietnam ($37.4M), and were imported mostly from Japan ($27.1M), Germany ($22.4M), United States ($21.9M), South Korea ($11.7M), and China ($6.09M).

Growth In February 2024, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to Singapore ($34.3M or 128%), Australia ($12.8M or 20%), and India ($9.36M or 34.5%). In February 2024, the decrease in Other Iron Products's year-by-year imports was explained primarily by a decrease in imports from Japan ($-16.7M or -40.2%), South Korea ($-8.61M or -37.3%), and Taiwan ($-5.96M or -45.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$215M(24.5%)

IMPORT GROWTH (February 2023 - February 2024)$-24.5M(-15.4%)

MAIN EXPORTER (February 2024)Zhejiang Province$413M

MAIN DESTINATION (February 2024)United States$218M

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

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