Semi-Finished Iron in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $64.3M in Semi-Finished Iron, making it the 43rd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 824th most exported product in United States. The main destination of Semi-Finished Iron exports from United States are: Canada ($49.5M), Mexico ($4.97M), Slovakia ($4.97M), United Kingdom ($1.16M), and Germany ($545k).

The fastest growing export markets for Semi-Finished Iron of United States between 2021 and 2022 were Canada ($22.7M), Slovakia ($4.97M), and United Kingdom ($490k).

Imports In 2022, United States imported $3.03B in Semi-Finished Iron, becoming the 1st largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 181st most imported product in United States. United States imports Semi-Finished Iron primarily from: Brazil ($1.45B), Mexico ($740M), Canada ($274M), Russia ($193M), and Indonesia ($139M).

The fastest growing import markets in Semi-Finished Iron for United States between 2021 and 2022 were Indonesia ($105M), Vietnam ($70.8M), and Russia ($61.9M).

COMPANIES In 2023, leading companies such as CONAIR CORPORATION (14) and DOLLARAMA L.P. (14) were at the forefront of shipping Semi-Finished Iron to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Semi-Finished Iron exports accounted up to $6.08M and imports accounted up to $224M, resulting in a negative trade balance of $218M. Between January 2023 and January 2024 the exports of United States' Semi-Finished Iron have decreased by $-3.94M (-39.3%) from $10M to $6.08M, while imports increased by $31.2M (16.2%) from $193M to $224M.

Destinations In January 2024, Semi-Finished Iron were exported mostly to Canada ($5.23M), Mexico ($617k), United Kingdom ($88.8k), Italy ($26.5k), and Portugal ($25.3k), and were imported mostly from Brazil ($149M), Mexico ($47.1M), Canada ($26.3M), Japan ($991k), and China ($195k).

Growth In January 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-36.2k or -6.2%). In January 2024, the increase in Semi-Finished Iron's year-by-year imports was explained primarily by an increase in imports from Canada ($7.69M or 49.3%), Japan ($4.13M or 363%), and China ($224k or 1.13k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-3.94M(-39.3%)

IMPORT GROWTH (January 2023 - January 2024)$31.2M(16.2%)

MAIN EXPORTER (January 2024)Tennessee$3.34M

MAIN DESTINATION (January 2024)Canada$5.23M

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$64.3M

IMPORTS (2022)$3.03B

NET TRADE (2022)-$2.97B

In 2022, United States exported $64.3M in Semi-Finished Iron. The main destinations of United States exports on Semi-Finished Iron were Canada ($49.5M), Mexico ($4.97M), Slovakia ($4.97M), United Kingdom ($1.16M), and Germany ($545k).

In 2022, United States imported $3.03B in Semi-Finished Iron, mainly from Brazil ($1.45B), Mexico ($740M), Canada ($274M), Russia ($193M), and Indonesia ($139M).

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