2022
Exports
$180MWorld Rnk 5 / 126
Flag Rnk 616 / 1217
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire
1.38Rnk 74 / 1025
2022
Imports
$345MWorld Rnk 2 / 202
Flag Rnk 649 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $180M in Stainless Steel Wire, making it the 5th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 616th most exported product in United States. The main destination of Stainless Steel Wire exports from United States are: Mexico ($49.6M), Costa Rica ($42.9M), Canada ($22.6M), Ireland ($15.9M), and China ($10.5M).

The fastest growing export markets for Stainless Steel Wire of United States between 2021 and 2022 were Mexico ($4.82M), Brazil ($3.32M), and Netherlands ($2.68M).

Imports In 2022, United States imported $345M in Stainless Steel Wire, becoming the 2nd largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 649th most imported product in United States. United States imports Stainless Steel Wire primarily from: India ($120M), South Korea ($46.7M), Chinese Taipei ($27.8M), China ($26.4M), and Canada ($20.5M).

The fastest growing import markets in Stainless Steel Wire for United States between 2021 and 2022 were India ($30.8M), South Korea ($11.4M), and Chinese Taipei ($7.98M).

COMPANIES In 2023, leading companies such as Nissan (9), Amazon (2), and IKEA Group (2) were at the forefront of shipping Stainless Steel Wire to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-268k(-1.6%)
IMPORT GROWTH (August 2023 - August 2024)$-2.77M(-14.8%)
MAIN EXPORTER (August 2024)Indiana$3.15M
MAIN DESTINATION (August 2024)Mexico$5.14M

This section shows Stainless Steel Wire'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 Stainless Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$180M
IMPORTS (2022)$345M
NET TRADE (2022)-$164M

In 2022, United States exported $180M in Stainless Steel Wire. The main destinations of United States exports on Stainless Steel Wire were Mexico ($49.6M), Costa Rica ($42.9M), Canada ($22.6M), Ireland ($15.9M), and China ($10.5M).

In 2022, United States imported $345M in Stainless Steel Wire, mainly from India ($120M), South Korea ($46.7M), Chinese Taipei ($27.8M), China ($26.4M), and Canada ($20.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$4.82M (10.8%)
Brazil$3.32M (217%)
Netherlands$2.68M (3.06k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY United States WERE (2021 - 2022):
Canada-$2.03M (-8.23%)
Japan-$667k (-28.8%)
Germany-$659k (-22.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Stainless Steel Wire were:
In 2022, United States's main importing competitors in Stainless Steel Wire were:

Explore Visualizations

Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.61M
TOP IMPORT POTENTIALChina+ $11.5M

Stainless Steel Wire’s highest export potential is China. With an export gap of $3.61M.   Stainless Steel Wire’s highest import potential is China with an import gap of $11.5M.

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