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2022
Exports $9.27MWorld Rnk 31 / 92
Flag Rnk 1068 / 1217
2022
Destination $1.43M Canada
2021 - 2022
FASTEST GROWING MARKET $1.43MMexico
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $2.87BWorld Rnk 1 / 141
Flag Rnk 195 / 1216
2022
Origin $721M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $721MBrazil
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $9.27M in Pig Iron, making it the 31st largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 1068th most exported product in United States. The main destination of Pig Iron exports from United States are: Canada ($5.34M), Mexico ($1.96M), Vietnam ($486k), Hong Kong ($241k), and United Kingdom ($217k).

The fastest growing export markets for Pig Iron of United States between 2021 and 2022 were Mexico ($1.43M), Vietnam ($478k), and Hong Kong ($241k).

Imports In 2022, United States imported $2.87B in Pig Iron, becoming the 1st largest importer of Pig Iron in the world. At the same year, Pig Iron was the 195th most imported product in United States. United States imports Pig Iron primarily from: Brazil ($1.61B), Russia ($362M), India ($290M), Ukraine ($248M), and Canada ($128M).

The fastest growing import markets in Pig Iron for United States between 2021 and 2022 were Brazil ($721M), India ($187M), and Canada ($80.3M).

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

Latest Trends

August 2024

About

Overview In August 2024 United States' Pig Iron exports accounted up to $45.1k and imports accounted up to $151M, resulting in a negative trade balance of $151M. Between August 2023 and August 2024 the exports of United States'   Pig Iron have decreased by $-615k (-93.2%) from $660k to $45.1k, while imports decreased by $-50.8M (-25.2%) from $202M to $151M.

Destinations In August 2024, Pig Iron were exported mostly to Canada ($42.2k), Mexico ($2.91k), China ($0), Hong Kong ($0), and India ($0), and were imported mostly from Brazil ($137M), South Africa ($8.14M), Canada ($5.45M), Angola ($0), and India ($0).

Growth In August 2024, the decrease in Pig Iron's year-by-year exports was explained primarily by a decrease in exports to China ($-9.31k or -59.3%). In August 2024, the decrease in Pig Iron's year-by-year imports was explained primarily by a decrease in imports from Ukraine ($-66.7M or -72.1%) and Canada ($-1.05M or -45.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-615k(-93.2%)
IMPORT GROWTH (August 2023 - August 2024)$-50.8M(-25.2%)
MAIN EXPORTER (August 2024)Nevada$229k
MAIN DESTINATION (August 2024)Canada$42.2k

This section shows Pig 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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.27M
IMPORTS (2022)$2.87B
NET TRADE (2022)-$2.86B

In 2022, United States exported $9.27M in Pig Iron. The main destinations of United States exports on Pig Iron were Canada ($5.34M), Mexico ($1.96M), Vietnam ($486k), Hong Kong ($241k), and United Kingdom ($217k).

In 2022, United States imported $2.87B in Pig Iron, mainly from Brazil ($1.61B), Russia ($362M), India ($290M), Ukraine ($248M), and Canada ($128M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.43M (273%)
Vietnam$478k (6.55k%)
Hong Kong$241k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY United States WERE (2021 - 2022):
Canada-$2.67M (-33.3%)
Germany-$76.2k (-58.8%)
Brazil-$70.3k (-66.8%)
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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 Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, United States's main importing competitors in Pig Iron were:
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $625k
TOP IMPORT POTENTIALCanada+ $45.5M

Pig Iron’s highest export potential is Mexico. With an export gap of $625k.   Pig Iron’s highest import potential is Canada with an import gap of $45.5M.

See methodology.

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