Pig Iron in China | The Observatory of Economic Complexity

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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 WAL-MART INC. (67), GLOBAL ETRADE SERVICES INC (24), and CSI IMPORTS (20) were at the forefront of shipping Pig Iron from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Pig Iron exports accounted up to $17.9M and imports accounted up to $71.1M, resulting in a negative trade balance of $53.2M. Between January 2023 and February 2024 the exports of China's Pig Iron have increased by $17M (1.87k%) from $912k to $17.9M, while imports increased by $47.9M (207%) from $23.2M to $71.1M.

Destinations In February 2024, Pig Iron were exported mostly to Japan ($17.7M) and Malaysia ($222k), and were imported mostly from Indonesia ($71.1M), Iran ($1.11k), and Japan ($130).

Growth In February 2024, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to . In February 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - February 2024)$17M(1.87k%)

IMPORT GROWTH (February 2023 - February 2024)$47.9M(207%)

MAIN EXPORTER (February 2024)Shandong Province$17.7M

MAIN DESTINATION (February 2024)Japan$17.7M

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

Trade Value

Growth

Growth (%)

Year

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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