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2022
Exports $42.8MWorld Rnk 4 / 114
Flag Rnk 886 / 1217
2022
Destination $8.37M Canada
2021 - 2022
FASTEST GROWING MARKET $8.37MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Iron Ingots-1.39Rnk 930 / 1025
2022
Imports $5.8MWorld Rnk 23 / 172
Flag Rnk 1152 / 1216
2022
Origin $853k Germany
2021 - 2022
FASTEST GROWING ORIGIN $853kUnited Kingdom
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $42.8M in Iron Ingots, making it the 4th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 886th most exported product in United States. The main destination of Iron Ingots exports from United States are: Canada ($8.69M), United Arab Emirates ($8.38M), Netherlands ($7.63M), Vietnam ($6.26M), and Mexico ($2.16M).

The fastest growing export markets for Iron Ingots of United States between 2021 and 2022 were United Arab Emirates ($8.37M), Vietnam ($6.26M), and Netherlands ($3.31M).

Imports In 2022, United States imported $5.8M in Iron Ingots, becoming the 23rd largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1152nd most imported product in United States. United States imports Iron Ingots primarily from: Germany ($2.99M), United Kingdom ($1.44M), India ($473k), Spain ($302k), and Canada ($135k).

The fastest growing import markets in Iron Ingots for United States between 2021 and 2022 were United Kingdom ($853k), India ($140k), and South Africa ($117k).

COMPANIES In 2023, leading companies such as BOEING (6) and Valbruna Stainless (2) were at the forefront of shipping Iron Ingots to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Iron Ingots exports accounted up to $3.34M and imports accounted up to $520k, resulting in a positive trade balance of $2.82M. Between September 2023 and September 2024 the exports of United States'   Iron Ingots have increased by $394k (13.4%) from $2.95M to $3.34M, while imports increased by $520k (N/A%) from $0 to $520k.

Destinations In September 2024, Iron Ingots were exported mostly to Qatar ($1.8M), Vietnam ($546k), Canada ($350k), United Arab Emirates ($227k), and Netherlands ($160k), and were imported mostly from Canada ($307k), Mexico ($193k), China ($14k), India ($5.79k), and Japan ($0).

Growth In September 2024, the increase in Iron Ingots's year-by-year exports was explained primarily by an increase in exports to Netherlands ($232k or 93.5%), France ($56.6k or 116%), and Israel ($50.4k or 607%). In September 2024, the increase in Iron Ingots's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$394k(13.4%)
IMPORT GROWTH (September 2023 - September 2024)$520k(N/A%)
MAIN EXPORTER (September 2024)Texas$4.59M
MAIN DESTINATION (September 2024)Qatar$1.8M

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$42.8M
IMPORTS (2022)$5.8M
NET TRADE (2022)$37M

In 2022, United States exported $42.8M in Iron Ingots. The main destinations of United States exports on Iron Ingots were Canada ($8.69M), United Arab Emirates ($8.38M), Netherlands ($7.63M), Vietnam ($6.26M), and Mexico ($2.16M).

In 2022, United States imported $5.8M in Iron Ingots, mainly from Germany ($2.99M), United Kingdom ($1.44M), India ($473k), Spain ($302k), and Canada ($135k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Arab Emirates$8.37M (105k%)
Vietnam$6.26M (1%)
Netherlands$3.31M (76.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY United States WERE (2021 - 2022):
Chinese Taipei-$796k (-32.9%)
Jamaica-$679k (-90.8%)
Australia-$228k (-72.4%)
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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 Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, United States's main importing competitors in Iron Ingots were:
Italy $188M
Guatemala $85.4M
Jordan $69.5M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $842k
TOP IMPORT POTENTIALIndia+ $736k

Iron Ingots’s highest export potential is Italy. With an export gap of $842k.   Iron Ingots’s highest import potential is India with an import gap of $736k.

See methodology.

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