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2018
Exports $488MWorld Rnk 4 / 124
Flag Rnk 395 / 1217
2018
Destination $46.5M Canada
2021 - 2022
FASTEST GROWING MARKET $46.5MMexico
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Iron0.61Rnk 318 / 1025
2018
Imports $418MWorld Rnk 3 / 201
Flag Rnk 595 / 1216
2018
Origin $45.4M Canada
2021 - 2022
FASTEST GROWING ORIGIN $45.4MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2018, United States exported $488M in Large Flat-Rolled Iron, making it the 4th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 395th most exported product in United States. The main destination of Large Flat-Rolled Iron exports from United States are: Canada ($284M), Mexico ($189M), China ($1.51M), Panama ($1.37M), and Japan ($1.21M).

The fastest growing export markets for Large Flat-Rolled Iron of United States between 2021 and 2022 were Mexico ($46.5M), Canada ($37.5M), and South Korea ($815k).

Imports In 2022, United States imported $418M in Large Flat-Rolled Iron, becoming the 3rd largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 595th most imported product in United States. United States imports Large Flat-Rolled Iron primarily from: Canada ($273M), Mexico ($68.2M), Germany ($37.7M), Sweden ($9.8M), and Chinese Taipei ($8.57M).

The fastest growing import markets in Large Flat-Rolled Iron for United States between 2021 and 2022 were Canada ($45.4M), Germany ($11.1M), and Sweden ($4.28M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (34), Hyosung (10), and Schaeffler Group (8) were at the forefront of shipping Large Flat-Rolled Iron to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Large Flat-Rolled Iron exports accounted up to $34.2M and imports accounted up to $28.3M, resulting in a positive trade balance of $5.97M. Between June 2023 and June 2024 the exports of United States'   Large Flat-Rolled Iron have decreased by $-5.39M (-13.6%) from $39.6M to $34.2M, while imports decreased by $-8.39M (-22.9%) from $36.7M to $28.3M.

Destinations In June 2024, Large Flat-Rolled Iron were exported mostly to Canada ($19.3M), Mexico ($14.1M), China ($320k), Japan ($98.6k), and Hong Kong ($92.2k), and were imported mostly from Canada ($20.1M), Mexico ($4.44M), Germany ($1.76M), Sweden ($466k), and India ($348k).

Growth In June 2024, the decrease in Large Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Canada ($-4.42M or -16.2%), Colombia ($-385k or -94.1%), and Hong Kong ($-74k or -66.2%). In June 2024, the decrease in Large Flat-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Canada ($-9.34M or -33.5%), Mexico ($-2.8M or -36.8%), and Austria ($-149k or -18.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-5.39M(-13.6%)
IMPORT GROWTH (June 2023 - June 2024)$-8.39M(-22.9%)
MAIN EXPORTER (June 2024)Ohio$12.2M
MAIN DESTINATION (June 2024)Canada$19.3M

This section shows Large Flat-Rolled Iron'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 Large Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$488M
IMPORTS (2022)$418M
NET TRADE (2022)$70M

In 2022, United States exported $488M in Large Flat-Rolled Iron. The main destinations of United States exports on Large Flat-Rolled Iron were Canada ($284M), Mexico ($189M), China ($1.51M), Panama ($1.37M), and Japan ($1.21M).

In 2022, United States imported $418M in Large Flat-Rolled Iron, mainly from Canada ($273M), Mexico ($68.2M), Germany ($37.7M), Sweden ($9.8M), and Chinese Taipei ($8.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$46.5M (32.6%)
Canada$37.5M (15.2%)
South Korea$815k (225%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Iron BY United States WERE (2021 - 2022):
United Kingdom-$1.58M (-86%)
China-$1.07M (-41.6%)
Cayman Islands-$588k (-95.3%)
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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 Large Flat-Rolled Iron were:
Germany $1.46B
Italy $674M
China $504M
In 2022, United States's main importing competitors in Large Flat-Rolled Iron were:
Germany $640M
France $459M

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Trade Value of Large Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.98M
TOP IMPORT POTENTIALGermany+ $18.4M

Large Flat-Rolled Iron’s highest export potential is China. With an export gap of $2.98M.   Large Flat-Rolled Iron’s highest import potential is Germany with an import gap of $18.4M.

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