Iron Structures in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $18.3B in Iron Structures, making it the 1st largest exporter of Iron Structures in the world. At the same year, Iron Structures was the 39th most exported product in China. The main destination of Iron Structures exports from China are: United States ($1.55B), Japan ($1.28B), Australia ($1.26B), Indonesia ($1.11B), and Hong Kong ($1.01B).

The fastest growing export markets for Iron Structures of China between 2021 and 2022 were Indonesia ($413M), Australia ($375M), and United States ($320M).

Imports In 2022, China imported $367M in Iron Structures, becoming the 42nd largest importer of Iron Structures in the world. At the same year, Iron Structures was the 411th most imported product in China. China imports Iron Structures primarily from: South Korea ($79M), China ($47.7M), Germany ($32.6M), Japan ($28.1M), and Norway ($25.8M).

The fastest growing import markets in Iron Structures for China between 2021 and 2022 were Norway ($23.5M), Japan ($10.5M), and Finland ($9.62M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (1.41k), TRACTOR SUPPLY COMPANY OF (747), and AMAZON SERVICES LLC (116) were at the forefront of shipping Iron Structures from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Iron Structures exports accounted up to $1.3B and imports accounted up to $23.2M, resulting in a positive trade balance of $1.27B. Between February 2023 and February 2024 the exports of China's Iron Structures have increased by $185M (16.7%) from $1.11B to $1.3B, while imports increased by $395k (1.73%) from $22.8M to $23.2M.

Destinations In February 2024, Iron Structures were exported mostly to United States ($108M), Japan ($88.6M), Indonesia ($75.7M), South Korea ($67.7M), and Australia ($66.4M), and were imported mostly from South Korea ($6.49M), Germany ($3.98M), Japan ($1.95M), Russia ($1.86M), and China ($1.52M).

Growth In February 2024, the increase in Iron Structures's year-by-year exports was explained primarily by an increase in exports to South Korea ($57.4M or 82%), Canada ($51.8M or 152%), and Thailand ($30.4M or 73.9%). In February 2024, the increase in Iron Structures's year-by-year imports was explained primarily by an increase in imports from Russia ($1.61M or 6.41k%), South Korea ($1.5M or 23.9%), and Germany ($669k or 30.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$185M(16.7%)

IMPORT GROWTH (February 2023 - February 2024)$395k(1.73%)

MAIN EXPORTER (February 2024)Jiangsu Province$334M

MAIN DESTINATION (February 2024)United States$108M

This section shows Iron Structures'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 Structures over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$18.3B

IMPORTS (2022)$367M

NET TRADE (2022)$17.9B

In 2022, China exported $18.3B in Iron Structures. The main destinations of China exports on Iron Structures were United States ($1.55B), Japan ($1.28B), Australia ($1.26B), Indonesia ($1.11B), and Hong Kong ($1.01B).

In 2022, China imported $367M in Iron Structures, mainly from South Korea ($79M), China ($47.7M), Germany ($32.6M), Japan ($28.1M), and Norway ($25.8M).

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