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2022
Exports $84.7BWorld Rnk 3 / 226
Flag Rnk 8 / 21
2022
Destination $2.99B Mexico
2021 - 2022
FASTEST GROWING MARKET $2.99BMexico
2022
PRODUCT COMPLEXITY IN Metals1.9Rnk 12 / 1025
2022
Imports $196BWorld Rnk 1 / 226
Flag Rnk 5 / 21
2022
Origin $4.27B Canada
2021 - 2022
FASTEST GROWING ORIGIN $4.27BCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $84.7B in Metals, making it the 3rd largest exporter of Metals in the world. At the same year, Metals was the 8th most exported product in United States. The main destination of Metals exports from United States are: Mexico ($24.3B), Canada ($21.1B), China ($4.69B), India ($2.83B), and South Korea ($2.42B).

The fastest growing export markets for Metals of United States between 2021 and 2022 were Mexico ($2.99B), Canada ($2.84B), and India ($884M).

Imports In 2022, United States imported $196B in Metals, becoming the 1st largest importer of Metals in the world. At the same year, Metals was the 5th most imported product in United States. United States imports Metals primarily from: Canada ($38.5B), China ($33.1B), Mexico ($20.5B), Chinese Taipei ($9.27B), and South Korea ($9.27B).

The fastest growing import markets in Metals for United States between 2021 and 2022 were Canada ($4.27B), Mexico ($4.03B), and South Korea ($2.58B).

COMPANIES In 2023, leading companies such as CrimsonLogic (7.82k), IKEA Group (5.21k), and ZF Friedrichshafen (5.15k) were at the forefront of shipping Metals to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Metals exports accounted up to $7.49B and imports accounted up to $13.1B, resulting in a negative trade balance of $5.65B. Between June 2023 and June 2024 the exports of United States'   Metals have decreased by $-228M (-2.95%) from $7.72B to $7.49B, while imports decreased by $-1.2B (-8.39%) from $14.3B to $13.1B.

Destinations In June 2024, Metals were exported mostly to N/A, and were imported mostly from Canada ($2.76B), China ($2.04B), Mexico ($1.4B), South Korea ($638M), and Chinese Taipei ($601M).

Growth In June 2024, the decrease in Metals's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-51.4M or -78.2%), Turkey ($-43.3M or -27.7%), and Egypt ($-41.8M or -89.8%). In June 2024, the decrease in Metals's year-by-year imports was explained primarily by a decrease in imports from Chile ($-970M or -83.7%), China ($-866M or -29.1%), and Russia ($-397M or -89.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-228M(-2.95%)
IMPORT GROWTH (June 2023 - June 2024)$-1.2B(-8.39%)
MAIN EXPORTER (June 2024)Texas$1.28B

This section shows Metals'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 Metals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$84.7B
IMPORTS (2022)$196B
NET TRADE (2022)-$111B

In 2022, United States exported $84.7B in Metals. The main destinations of United States exports on Metals were Mexico ($24.3B), Canada ($21.1B), China ($4.69B), India ($2.83B), and South Korea ($2.42B).

In 2022, United States imported $196B in Metals, mainly from Canada ($38.5B), China ($33.1B), Mexico ($20.5B), Chinese Taipei ($9.27B), and South Korea ($9.27B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metals EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$2.99B (14%)
Canada$2.84B (15.6%)
India$884M (45.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metals BY United States WERE (2021 - 2022):
Russia-$230M (-84.4%)
Hong Kong-$205M (-24.9%)
Saudi Arabia-$140M (-25.8%)
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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 Metals were:
China $296B
Germany $131B
In 2022, United States's main importing competitors in Metals were:
China $144B
Germany $131B

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Trade Value of Metals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $840M
TOP IMPORT POTENTIALCanada+ $4.22B

Metals’s highest export potential is Germany. With an export gap of $840M.   Metals’s highest import potential is Canada with an import gap of $4.22B.

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