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2022
Exports $136MWorld Rnk 8 / 92
Flag Rnk 835 / 1216
2022
Destination $63.3M United States
2021 - 2022
FASTEST GROWING MARKET $63.3MUnited States
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $427MWorld Rnk 4 / 141
Flag Rnk 384 / 1212
2022
Origin $3.23M Russia
2021 - 2022
FASTEST GROWING ORIGIN $3.23MKazakhstan
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $136M in Pig Iron, making it the 8th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 835th most exported product in China. The main destination of Pig Iron exports from China are: United States ($63.3M), Japan ($14.3M), Netherlands ($13.9M), Germany ($10.9M), and India ($9.96M).

The fastest growing export markets for Pig Iron of China between 2021 and 2022 were United States ($63.3M), Netherlands ($13.8M), and Germany ($10.9M).

Imports In 2022, China imported $427M in Pig Iron, becoming the 4th largest importer of Pig Iron in the world. At the same year, Pig Iron was the 384th most imported product in China. China imports Pig Iron primarily from: Russia ($164M), Brazil ($88.3M), Iran ($52.7M), Indonesia ($44.3M), and India ($36.3M).

The fastest growing import markets in Pig Iron for China between 2021 and 2022 were Kazakhstan ($3.23M), Japan ($2.38M), and Spain ($150k).

COMPANIES In 2023, leading companies such as CrimsonLogic (52), Jo-Ann Stores (3), and CSI Importers (2) were at the forefront of shipping Pig Iron from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Pig Iron exports accounted up to $173k and imports accounted up to $105M, resulting in a negative trade balance of $105M. Between September 2023 and September 2024 the exports of China's   Pig Iron have decreased by $-106k (-37.9%) from $279k to $173k, while imports increased by $98.8M (1.57k%) from $6.31M to $105M.

Destinations In September 2024, Pig Iron were exported mostly to South Korea ($144k) and Vietnam ($29.1k), and were imported mostly from Indonesia ($105M) and Japan ($577).

Growth In September 2024, the decrease in Pig Iron's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-12.7M or -97.8%) and Malaysia ($-377k or -60.6%). In September 2024, the increase in Pig Iron's year-by-year imports was explained primarily by an increase in imports from Indonesia ($12.3M or 255%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-106k(-37.9%)
IMPORT GROWTH (August 2023 - September 2024)$98.8M(1.57k%)
MAIN EXPORTER (September 2024)Shandong Province$17.7M
MAIN DESTINATION (September 2024)South Korea$144k

This section shows Pig Iron'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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$136M
IMPORTS (2022)$427M
NET TRADE (2022)-$291M

In 2022, China exported $136M in Pig Iron. The main destinations of China exports on Pig Iron were United States ($63.3M), Japan ($14.3M), Netherlands ($13.9M), Germany ($10.9M), and India ($9.96M).

In 2022, China imported $427M in Pig Iron, mainly from Russia ($164M), Brazil ($88.3M), Iran ($52.7M), Indonesia ($44.3M), and India ($36.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$63.3M (258k%)
Netherlands$13.8M (10.9k%)
Germany$10.9M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY China WERE (2021 - 2022):
Turkey-$7.91M (-99.8%)
Thailand-$4.51M (-59.9%)
Malaysia-$751k (-14%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, China's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.4M
TOP IMPORT POTENTIALRussia+ $52.5M

Pig Iron’s highest export potential is United States. With an export gap of $11.4M.   Pig Iron’s highest import potential is Russia with an import gap of $52.5M.

See methodology.

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