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

About

Exports In 2022, United States exported $732M in Other Steel Bars, making it the 6th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 311th most exported product in United States. The main destination of Other Steel Bars exports from United States are: Mexico ($314M), Canada ($285M), China ($13M), Italy ($11.7M), and United Kingdom ($10.7M).

The fastest growing export markets for Other Steel Bars of United States between 2021 and 2022 were Mexico ($67.7M), Canada ($48.3M), and United Kingdom ($8.2M).

Imports In 2022, United States imported $1.1B in Other Steel Bars, becoming the 2nd largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 378th most imported product in United States. United States imports Other Steel Bars primarily from: Canada ($210M), China ($129M), United Kingdom ($88.1M), Spain ($75.7M), and South Korea ($60.1M).

COMPANIES In 2023, leading companies such as STANLEY BLACK & DECKER, INC (86), GLOBAL ETRADE SERVICES INC (77), and HILTI NDC NEW JERSEY (21) were at the forefront of shipping Other Steel Bars to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Other Steel Bars exports accounted up to $61.5M and imports accounted up to $61.7M, resulting in a negative trade balance of $252k. Between February 2023 and February 2024 the exports of United States' Other Steel Bars have increased by $2.3M (3.89%) from $59.2M to $61.5M, while imports decreased by $-18.6M (-23.1%) from $80.3M to $61.7M.

Destinations In February 2024, Other Steel Bars were exported mostly to Canada ($24.5M), Mexico ($22.7M), Poland ($2.09M), Germany ($2.08M), and United Kingdom ($1.45M), and were imported mostly from Canada ($14.3M), China ($9.38M), Japan ($4.85M), Austria ($4.69M), and Italy ($3.56M).

Growth In February 2024, the increase in Other Steel Bars's year-by-year exports was explained primarily by an increase in exports to Mexico ($3.82M or 18.9%), Canada ($1.18M or 4.89%), and Israel ($881k or 275%). In February 2024, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-3.12M or -50.5%), South Korea ($-2.36M or -62.8%), and Sweden ($-1.29M or -29.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$2.3M(3.89%)

IMPORT GROWTH (February 2023 - February 2024)$-18.6M(-23.1%)

MAIN EXPORTER (February 2024)Pennsylvania$11.7M

MAIN DESTINATION (February 2024)Canada$24.5M

This section shows Other Steel 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 Steel Bars over time.

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