Iron & steel in   United States

Overview In October 2024 United States' Iron & steel exports accounted up to $1.56B and imports accounted up to $2.65B, resulting in a negative trade balance of $1.09B. Between October 2023 and October 2024 the exports of United States'   Iron & steel have decreased by $-96M (-5.81%) from $1.65B to $1.56B, while imports increased by $208M (8.51%) from $2.44B to $2.65B.

Destinations In October 2024, Iron & steel were exported mostly to Mexico ($608M), Canada ($336M), Turkey ($146M), Bangladesh ($59.2M), and India ($57M), and were imported mostly from Canada ($619M), Brazil ($395M), Mexico ($286M), Germany ($166M), and South Korea ($135M).

Growth In October 2024, the decrease in Iron & steel's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-50.7M or -78.4%), Turkey ($-50.2M or -36.4%), and Egypt ($-42.6M or -99.9%). In October 2024, the increase in Iron & steel's year-by-year imports was explained primarily by an increase in imports from Germany ($60.4M or 80.4%), Italy ($26.2M or 91.5%), and Spain ($25.9M or 144%).