Iron Nails in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $82.2M in Iron Nails, making it the 14th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 775th most exported product in United States. The main destination of Iron Nails exports from United States are: Canada ($32.3M), Mexico ($27.6M), United Kingdom ($4.6M), Australia ($1.94M), and Bahamas ($1.42M).

The fastest growing export markets for Iron Nails of United States between 2021 and 2022 were Mexico ($19.7M), United Kingdom ($1.42M), and Australia ($552k).

Imports In 2022, United States imported $1.65B in Iron Nails, becoming the 1st largest importer of Iron Nails in the world. At the same year, Iron Nails was the 291st most imported product in United States. United States imports Iron Nails primarily from: China ($349M), Oman ($233M), Canada ($107M), South Korea ($104M), and Thailand ($97.1M).

The fastest growing import markets in Iron Nails for United States between 2021 and 2022 were Oman ($82.5M), Lithuania ($40.6M), and India ($33M).

COMPANIES In 2023, leading companies such as CONTINENTAL MATERIALS INC (1.96k), STANLEY BLACK & DECKER, INC (71), and GLOBAL ETRADE SERVICES INC (38) were at the forefront of shipping Iron Nails to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Iron Nails exports accounted up to $5.26M and imports accounted up to $77.8M, resulting in a negative trade balance of $72.5M. Between February 2023 and February 2024 the exports of United States' Iron Nails have increased by $562k (12%) from $4.7M to $5.26M, while imports increased by $10.7M (15.9%) from $67.1M to $77.8M.

Destinations In February 2024, Iron Nails were exported mostly to Canada ($3.66M), Mexico ($324k), Australia ($192k), Oman ($178k), and Bahamas ($137k), and were imported mostly from China ($20.5M), Thailand ($5.74M), India ($5.59M), Mexico ($5.37M), and Lithuania ($4.94M).

Growth In February 2024, the increase in Iron Nails's year-by-year exports was explained primarily by an increase in exports to Canada ($231k or 10.2%), Japan ($68.3k or 718%), and Australia ($66.6k or 74.6%). In February 2024, the increase in Iron Nails's year-by-year imports was explained primarily by an increase in imports from Lithuania ($3.12M or 83.1%), United Arab Emirates ($1.3M or 91.4%), and India ($1.18M or 24.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$562k(12%)

IMPORT GROWTH (February 2023 - February 2024)$10.7M(15.9%)

MAIN EXPORTER (February 2024)South Carolina$853k

MAIN DESTINATION (February 2024)Canada$3.66M

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$82.2M

IMPORTS (2022)$1.65B

NET TRADE (2022)-$1.56B

In 2022, United States exported $82.2M in Iron Nails. The main destinations of United States exports on Iron Nails were Canada ($32.3M), Mexico ($27.6M), United Kingdom ($4.6M), Australia ($1.94M), and Bahamas ($1.42M).

In 2022, United States imported $1.65B in Iron Nails, mainly from China ($349M), Oman ($233M), Canada ($107M), South Korea ($104M), and Thailand ($97.1M).

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