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2022
Exports $64.3MWorld Rnk 43 / 119
Flag Rnk 824 / 1217
2022
Destination $22.7M Canada
2021 - 2022
FASTEST GROWING MARKET $22.7MCanada
2022
PRODUCT COMPLEXITY IN Semi-Finished Iron-0.88Rnk 800 / 1025
2022
Imports $3.03BWorld Rnk 1 / 188
Flag Rnk 181 / 1216
2022
Origin $105M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $105MIndonesia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $64.3M in Semi-Finished Iron, making it the 43rd largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 824th most exported product in United States. The main destination of Semi-Finished Iron exports from United States are: Canada ($49.5M), Mexico ($4.97M), Slovakia ($4.97M), United Kingdom ($1.16M), and Germany ($545k).

The fastest growing export markets for Semi-Finished Iron of United States between 2021 and 2022 were Canada ($22.7M), Slovakia ($4.97M), and United Kingdom ($490k).

Imports In 2018, United States imported $3.03B in Semi-Finished Iron, becoming the 1st largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 181st most imported product in United States. United States imports Semi-Finished Iron primarily from: Brazil ($1.45B), Mexico ($740M), Canada ($274M), Russia ($193M), and Indonesia ($139M).

The fastest growing import markets in Semi-Finished Iron for United States between 2021 and 2022 were Indonesia ($105M), Vietnam ($70.8M), and Russia ($61.9M).

COMPANIES In 2023, leading companies such as Conair (1) were at the forefront of shipping Semi-Finished Iron to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Semi-Finished Iron exports accounted up to $929k and imports accounted up to $155M, resulting in a negative trade balance of $154M. Between September 2023 and September 2024 the exports of United States'   Semi-Finished Iron have decreased by $-14M (-93.8%) from $14.9M to $929k, while imports decreased by $-113M (-42.1%) from $267M to $155M.

Destinations In September 2024, Semi-Finished Iron were exported mostly to Mexico ($561k), Canada ($155k), Sweden ($134k), Chinese Taipei ($23.2k), and France ($21.3k), and were imported mostly from Brazil ($133M), Mexico ($15.9M), Canada ($3.37M), Japan ($1.12M), and China ($466k).

Growth In September 2024, the decrease in Semi-Finished Iron's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-36.2k or -6.2%). In September 2024, the decrease in Semi-Finished Iron's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-84.5M or -79.2%), Brazil ($-51.2M or -28.7%), and United Kingdom ($-36.8k or -12.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-14M(-93.8%)
IMPORT GROWTH (September 2023 - September 2024)$-113M(-42.1%)
MAIN EXPORTER (September 2024)Tennessee$8.35M
MAIN DESTINATION (September 2024)Mexico$561k

This section shows Semi-Finished 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 Semi-Finished Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.3M
IMPORTS (2022)$3.03B
NET TRADE (2022)-$2.97B

In 2022, United States exported $64.3M in Semi-Finished Iron. The main destinations of United States exports on Semi-Finished Iron were Canada ($49.5M), Mexico ($4.97M), Slovakia ($4.97M), United Kingdom ($1.16M), and Germany ($545k).

In 2022, United States imported $3.03B in Semi-Finished Iron, mainly from Brazil ($1.45B), Mexico ($740M), Canada ($274M), Russia ($193M), and Indonesia ($139M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$22.7M (84.5%)
Slovakia$4.97M (214k%)
United Kingdom$490k (72.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY United States WERE (2021 - 2022):
Mexico-$18.7M (-79%)
Hong Kong-$9.28M (-99.9%)
South Korea-$8.87M (-97.3%)
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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 Semi-Finished Iron were:
Russia $8.38B
Oman $3.44B
Brazil $3.42B
In 2022, United States's main importing competitors in Semi-Finished Iron were:
Turkey $2.81B
China $2.38B

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $4.59M
TOP IMPORT POTENTIALRussia+ $124M

Semi-Finished Iron’s highest export potential is Mexico. With an export gap of $4.59M.   Semi-Finished Iron’s highest import potential is Russia with an import gap of $124M.

See methodology.

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