Raw Iron Bars in United States 2021 Exports | Imports : $429M | $1.08B, World Rnk 19 / 152 Rnk 399 / 1216 | World Rnk 4 / 219 Rnk 364 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $139M | $166M, Canada | Algeria
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Raw Iron Bars: -1.27, Rnk 904 / 1029
Exports In 2021, United States exported $429M in Raw Iron Bars, making it the 19th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 399th most exported product in United States. The main destination of Raw Iron Bars exports from United States are: Canada ($288M), Mexico ($118M), Dominican Republic ($2.39M), Bahamas ($2.35M), and Bermuda ($1.43M).
The fastest growing export markets for Raw Iron Bars of United States between 2020 and 2021 were Canada ($139M), Mexico ($62.2M), and South Korea ($1.28M).
Imports In 2021, United States imported $1.08B in Raw Iron Bars, becoming the 4th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 364th most imported product in United States. United States imports Raw Iron Bars primarily from: Mexico ($301M), Turkey ($199M), Canada ($180M), Algeria ($170M), and Dominican Republic ($46.8M).
The fastest growing import markets in Raw Iron Bars for United States between 2020 and 2021 were Algeria ($166M), Mexico ($138M), and Canada ($92.5M).
February 2023
Overview In February 2023 United States' Raw Iron Bars exports accounted up to $34.9M and imports accounted up to $107M, resulting in a negative trade balance of $71.9M. Between February 2022 and February 2023 the exports of United States' Raw Iron Bars have decreased by $-2.91M (-7.68%) from $37.9M to $34.9M, while imports decreased by $-25.4M (-19.2%) from $132M to $107M.
Destinations In February 2023, Raw Iron Bars were exported mostly to Canada ($22.5M), Mexico ($11.2M), Germany ($371k), Antigua and Barbuda ($170k), and Aruba ($134k), and were imported mostly from Algeria ($30.4M), Canada ($22.8M), Mexico ($18.5M), Dominican Republic ($6.19M), and Brazil ($3.54M).
Growth In February 2023, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Canada ($-7.1M or -30.4%), Turkey ($-36.6k or -46.2%), and Japan ($-9.26k or -61.7%). In February 2023, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-30.8M or -99.6%), Australia ($-36.8k or -59.3%), and Italy ($-25.9k or -49.3%).
EXPORT GROWTH (February 2022 - February 2023): $-2.91M, (-7.68%)
IMPORT GROWTH (February 2022 - February 2023): $-25.4M, (-19.2%)
MAIN EXPORTER (February 2023): Texas, $4.72M
MAIN DESTINATION (February 2023): Canada, $22.5M
This section shows Raw 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 Raw Iron Bars over time.
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EXPORTS (2021): $429M
IMPORTS (2021): $1.08B
NET TRADE (2021): -$647M
In 2021, United States exported $429M in Raw Iron Bars. The main destinations of United States exports on Raw Iron Bars were Canada ($288M), Mexico ($118M), Dominican Republic ($2.39M), Bahamas ($2.35M), and Bermuda ($1.43M).
In 2021, United States imported $1.08B in Raw Iron Bars, mainly from Mexico ($301M), Turkey ($199M), Canada ($180M), Algeria ($170M), and Dominican Republic ($46.8M).
THE FASTEST GROWING Raw Iron Bars EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Iron Bars BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Raw Iron Bars were:
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