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2023
Exports $779MWorld Rnk 5 / 149
Flag Rnk 279 / 1217
2023
Destination $9.8M Mexico
2022 - 2023
FASTEST GROWING MARKET $9.8MPoland
2023
PRODUCT COMPLEXITY IN Other Steel Bars0.32Rnk 450 / 1025
2023
Imports $954MWorld Rnk 2 / 213
Flag Rnk 385 / 1215
2023
Origin $11.3M Canada
2022 - 2023
FASTEST GROWING ORIGIN $11.3MSouth Korea
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $779M in Other Steel Bars, making it the 5th largest exporter of Other Steel Bars in the world. At the same year, Other Steel Bars was the 279th most exported product in United States. The main destination of Other Steel Bars exports from United States are: Mexico ($370M), Canada ($233M), China ($24M), Poland ($22M), and Italy ($16.6M).

The fastest growing export markets for Other Steel Bars of United States between 2022 and 2023 were Poland ($9.8M), Mexico ($7.94M), and China ($6.98M).

Imports In 2023, United States imported $954M in Other Steel Bars, becoming the 2nd largest importer of Other Steel Bars in the world. At the same year, Other Steel Bars was the 385th most imported product in United States. United States imports Other Steel Bars primarily from: Canada ($193M), China ($125M), South Korea ($73.6M), Japan ($65.7M), and Brazil ($51.8M).

The fastest growing import markets in Other Steel Bars for United States between 2022 and 2023 were South Korea ($11.3M), Japan ($7.76M), and Italy ($7.09M).

COMPANIES In 2023, leading companies such as CrimsonLogic (94), Stanley Black & Decker (78), and Hilti Power Tools (20) were at the forefront of shipping Other Steel Bars to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Other Steel Bars exports accounted up to $57M and imports accounted up to $53.1M, resulting in a positive trade balance of $3.88M. Between November 2023 and November 2024 the exports of United States'   Other Steel Bars have decreased by $-73.5k (-0.13%) from $57.1M to $57M, while imports decreased by $-15.5M (-22.5%) from $68.6M to $53.1M.

Destinations In November 2024, Other Steel Bars were exported mostly to Mexico ($20.3M), Canada ($17.6M), Poland ($3.59M), Italy ($2.35M), and United Kingdom ($1.89M), and were imported mostly from Canada ($12M), China ($6.76M), South Korea ($4.77M), Chinese Taipei ($3.9M), and Sweden ($3.53M).

Growth In November 2024, the decrease in Other Steel Bars's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-559k or -41%), China ($-319k or -47.3%), and Singapore ($-216k or -37.4%). In November 2024, the decrease in Other Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-3.12M or -50.5%), South Korea ($-2.36M or -62.8%), and Sweden ($-1.29M or -29.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-73.5k(-0.13%)
IMPORT GROWTH (November 2023 - November 2024)$-15.5M(-22.5%)
MAIN EXPORTER (November 2024)Pennsylvania$15.9M
MAIN DESTINATION (November 2024)Mexico$20.3M

This section shows Other Steel Bars'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 Other Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$779M
IMPORTS (2023)$954M
NET TRADE (2023)-$174M

In 2023, United States exported $779M in Other Steel Bars. The main destinations of United States exports on Other Steel Bars were Mexico ($370M), Canada ($233M), China ($24M), Poland ($22M), and Italy ($16.6M).

In 2023, United States imported $954M in Other Steel Bars, mainly from Canada ($193M), China ($125M), South Korea ($73.6M), Japan ($65.7M), and Brazil ($51.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Steel Bars EXPORT MARKETS FOR United States WERE (2022 - 2023):
Poland$9.8M (80.1%)
Mexico$7.94M (2.2%)
China$6.98M (41.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Steel Bars BY United States WERE (2022 - 2023):
Canada-$19.7M (-7.78%)
Belgium-$4.58M (-25.2%)
Vietnam-$1.54M (-95.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Other Steel Bars were:
China $3.16B
Germany $1.62B
Japan $940M
In 2023, United States's main importing competitors in Other Steel Bars were:
Germany $1.53B
Mexico $804M

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Trade Value of Other Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $13M
TOP IMPORT POTENTIALChina+ $60.3M

Other Steel Bars’s highest export potential is China. With an export gap of $13M.   Other Steel Bars’s highest import potential is China with an import gap of $60.3M.

See methodology.

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