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2022
Exports $1.95BWorld Rnk 8 / 120
Flag Rnk 166 / 1217
2022
Destination $237M Mexico
2021 - 2022
FASTEST GROWING MARKET $237MCanada
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $2.05BWorld Rnk 6 / 201
Flag Rnk 245 / 1216
2022
Origin $113M Canada
2021 - 2022
FASTEST GROWING ORIGIN $113MSweden
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.95B in Flat Flat-Rolled Steel, making it the 8th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 166th most exported product in United States. The main destination of Flat Flat-Rolled Steel exports from United States are: Mexico ($1.03B), Canada ($781M), Australia ($15M), Chile ($14.4M), and China ($13.3M).

The fastest growing export markets for Flat Flat-Rolled Steel of United States between 2021 and 2022 were Canada ($237M), Mexico ($154M), and Singapore ($8.42M).

Imports In 2022, United States imported $2.05B in Flat Flat-Rolled Steel, becoming the 6th largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 245th most imported product in United States. United States imports Flat Flat-Rolled Steel primarily from: Canada ($836M), Sweden ($247M), Netherlands ($205M), Austria ($150M), and Japan ($146M).

The fastest growing import markets in Flat Flat-Rolled Steel for United States between 2021 and 2022 were Sweden ($113M), United Kingdom ($63M), and Canada ($54.6M).

COMPANIES In 2023, leading companies such as Hyosung (11), Ford Motor Company (7), and IKEA Group (3) were at the forefront of shipping Flat Flat-Rolled Steel to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Flat Flat-Rolled Steel exports accounted up to $169M and imports accounted up to $147M, resulting in a positive trade balance of $21.6M. Between June 2023 and June 2024 the exports of United States'   Flat Flat-Rolled Steel have decreased by $-6.29M (-3.59%) from $175M to $169M, while imports increased by $942k (0.64%) from $147M to $147M.

Destinations In June 2024, Flat Flat-Rolled Steel were exported mostly to Mexico ($104M), Canada ($51.9M), China ($4.08M), Chile ($3.18M), and Israel ($3M), and were imported mostly from Canada ($72.3M), Germany ($17.3M), South Korea ($10.2M), Netherlands ($10.1M), and Sweden ($10M).

Growth In June 2024, the decrease in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by a decrease in exports to China ($-2.12M or -97.4%), Israel ($-456k or -79.3%), and Belgium ($-451k or -98.6%). In June 2024, the increase in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by an increase in imports from Sweden ($17.9M or 3.14k%), Austria ($10.7M or 119%), and France ($8.92M or 98%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-6.29M(-3.59%)
IMPORT GROWTH (June 2023 - June 2024)$942k(0.64%)
MAIN EXPORTER (June 2024)Alabama$58.8M
MAIN DESTINATION (June 2024)Mexico$104M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.95B
IMPORTS (2022)$2.05B
NET TRADE (2022)-$105M

In 2022, United States exported $1.95B in Flat Flat-Rolled Steel. The main destinations of United States exports on Flat Flat-Rolled Steel were Mexico ($1.03B), Canada ($781M), Australia ($15M), Chile ($14.4M), and China ($13.3M).

In 2022, United States imported $2.05B in Flat Flat-Rolled Steel, mainly from Canada ($836M), Sweden ($247M), Netherlands ($205M), Austria ($150M), and Japan ($146M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$237M (43.6%)
Mexico$154M (17.7%)
Singapore$8.42M (830%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY United States WERE (2021 - 2022):
Turkey-$3.87M (-85.7%)
South Korea-$2.54M (-37.8%)
Brazil-$2.16M (-14%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, United States's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $26.3M
TOP IMPORT POTENTIALChina+ $80M

Flat Flat-Rolled Steel’s highest export potential is China. With an export gap of $26.3M.   Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $80M.

See methodology.

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