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2023
Exports $14.4MWorld Rnk 25 / 91
Flag Rnk 997 / 1217
2023
Destination $6.14M Canada
2022 - 2023
FASTEST GROWING MARKET $6.14MCanada
2023
PRODUCT COMPLEXITY IN Pig Iron-1.16Rnk 869 / 1025
2023
Imports $1.74BWorld Rnk 1 / 140
Flag Rnk 251 / 1215
2023
Origin $32.6M Brazil
2022 - 2023
FASTEST GROWING ORIGIN $32.6MItaly
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $14.4M in Pig Iron, making it the 25th largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 997th most exported product in United States. The main destination of Pig Iron exports from United States are: Canada ($12.1M), United Kingdom ($827k), Mexico ($251k), Switzerland ($242k), and India ($179k).

The fastest growing export markets for Pig Iron of United States between 2022 and 2023 were Canada ($6.14M), United Kingdom ($605k), and India ($175k).

Imports In 2023, United States imported $1.74B in Pig Iron, becoming the 1st largest importer of Pig Iron in the world. At the same year, Pig Iron was the 251st most imported product in United States. United States imports Pig Iron primarily from: Brazil ($1.42B), South Africa ($82.4M), India ($77.8M), Ukraine ($62M), and Canada ($47.6M).

The fastest growing import markets in Pig Iron for United States between 2022 and 2023 were Italy ($32.6M), Saudi Arabia ($14.5M), and United Kingdom ($82.6k).

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

November 2024

About

Overview In November 2024 United States' Pig Iron exports accounted up to $161k and imports accounted up to $170M, resulting in a negative trade balance of $169M. Between November 2023 and November 2024 the exports of United States'   Pig Iron have decreased by $-248k (-60.6%) from $408k to $161k, while imports increased by $10.3M (6.49%) from $159M to $170M.

Destinations In November 2024, Pig Iron were exported mostly to Canada ($81.5k), Brazil ($32.4k), Norway ($14.1k), United Kingdom ($11.1k), and Thailand ($10.8k), and were imported mostly from Brazil ($113M), Ukraine ($46.5M), Canada ($8.06M), South Africa ($2.11M), and Australia ($195k).

Growth In November 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 November 2024, the increase in Pig Iron's year-by-year imports was explained primarily by an increase in imports from Brazil ($32.5M or 28.1%) and South Africa ($2.43M or 44.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-248k(-60.6%)
IMPORT GROWTH (November 2023 - November 2024)$10.3M(6.49%)
MAIN EXPORTER (November 2024)Illinois$381k
MAIN DESTINATION (November 2024)Canada$81.5k

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 (2023)$14.4M
IMPORTS (2023)$1.74B
NET TRADE (2023)-$1.73B

In 2023, United States exported $14.4M in Pig Iron. The main destinations of United States exports on Pig Iron were Canada ($12.1M), United Kingdom ($827k), Mexico ($251k), Switzerland ($242k), and India ($179k).

In 2023, United States imported $1.74B in Pig Iron, mainly from Brazil ($1.42B), South Africa ($82.4M), India ($77.8M), Ukraine ($62M), and Canada ($47.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR United States WERE (2022 - 2023):
Canada$6.14M (103%)
United Kingdom$605k (273%)
India$175k (5.47k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY United States WERE (2022 - 2023):
Mexico-$1.71M (-87.2%)
Vietnam-$486k (-100%)
Argentina-$85.2k (-67.9%)
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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 Pig Iron were:
Brazil $1.88B
Russia $1.37B
Ukraine $469M
In 2023, United States's main importing competitors in Pig Iron were:
Italy $711M
Turkey $711M

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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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