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2022
Exports $109BWorld Rnk 1 / 226
Flag Rnk 7 / 96
2022
Destination $971M United States
2021 - 2022
FASTEST GROWING MARKET $971MIndia
2022
PRODUCT COMPLEXITY IN Iron or steel articles1.68Rnk 27 / 1025
2022
Imports $8.67BWorld Rnk 10 / 225
Flag Rnk 30 / 96
2022
Origin $24.7M Japan
2021 - 2022
FASTEST GROWING ORIGIN $24.7MCzechia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $109B in Iron or steel articles, making it the 1st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 7th most exported product in China. The main destination of Iron or steel articles exports from China are: United States ($15.4B), South Korea ($4.67B), Japan ($4.42B), Australia ($3.81B), and Germany ($3.81B).

The fastest growing export markets for Iron or steel articles of China between 2021 and 2022 were India ($971M), Indonesia ($920M), and Thailand ($757M).

Imports In 2022, China imported $8.67B in Iron or steel articles, becoming the 10th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 30th most imported product in China. China imports Iron or steel articles primarily from: Japan ($1.83B), Germany ($1.6B), South Korea ($1.2B), United States ($643M), and Chinese Taipei ($484M).

The fastest growing import markets in Iron or steel articles for China between 2021 and 2022 were Czechia ($24.7M), Russia ($23.6M), and Finland ($23.2M).

COMPANIES In 2023, leading companies such as IKEA Group (1.5k), Continental Materials (1.32k), and Stelfast (970) were at the forefront of shipping Iron or steel articles from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Iron or steel articles exports accounted up to $8.43B and imports accounted up to $734M, resulting in a positive trade balance of $7.7B. Between October 2023 and October 2024 the exports of China's   Iron or steel articles have increased by $1.15B (15.8%) from $7.28B to $8.43B, while imports increased by $23.3M (3.28%) from $711M to $734M.

Destinations In October 2024, Iron or steel articles were exported mostly to United States ($1.13B), South Korea ($332M), Japan ($323M), Indonesia ($292M), and Thailand ($287M), and were imported mostly from Japan ($177M), Germany ($110M), United States ($83.2M), South Korea ($64.1M), and Italy ($35.9M).

Growth In October 2024, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to Philippines ($116M or 41.1%), Kuwait ($113M or 329%), and Singapore ($86M or 50.5%). In October 2024, the increase in Iron or steel articles's year-by-year imports was explained primarily by an increase in imports from United Arab Emirates ($9.21M or 2.05k%), Sweden ($7.86M or 134%), and Czechia ($4.6M or 52.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.15B(15.8%)
IMPORT GROWTH (October 2023 - October 2024)$23.3M(3.28%)
MAIN EXPORTER (October 2024)Zhejiang Province$2.14B
MAIN DESTINATION (October 2024)United States$1.13B

This section shows Iron or steel articles's exports and imports data at subnational level for China. 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 or steel articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$109B
IMPORTS (2022)$8.67B
NET TRADE (2022)$101B

In 2022, China exported $109B in Iron or steel articles. The main destinations of China exports on Iron or steel articles were United States ($15.4B), South Korea ($4.67B), Japan ($4.42B), Australia ($3.81B), and Germany ($3.81B).

In 2022, China imported $8.67B in Iron or steel articles, mainly from Japan ($1.83B), Germany ($1.6B), South Korea ($1.2B), United States ($643M), and Chinese Taipei ($484M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR China WERE (2021 - 2022):
India$971M (48.3%)
Indonesia$920M (38.7%)
Thailand$757M (27.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY China WERE (2021 - 2022):
Russia-$269M (-12.4%)
Ukraine-$121M (-48.6%)
Netherlands-$107M (-6.29%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Iron or steel articles were:
Germany $33.5B
Italy $22.2B
In 2022, China's main importing competitors in Iron or steel articles were:
United States $59.3B
Germany $32.6B
France $16.2B

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.57B
TOP IMPORT POTENTIALGermany+ $301M

Iron or steel articles’s highest export potential is India. With an export gap of $1.57B.   Iron or steel articles’s highest import potential is Germany with an import gap of $301M.

See methodology.

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