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2023
Exports $33.9MWorld Rnk 19 / 90
Flag Rnk 895 / 1217
2023
Destination $820k Canada
2022 - 2023
FASTEST GROWING MARKET $820kBrazil
2023
PRODUCT COMPLEXITY IN Steel Bars0.38Rnk 420 / 1025
2023
Imports $583MWorld Rnk 1 / 166
Flag Rnk 485 / 1215
2023
Origin $55.9M Canada
2022 - 2023
FASTEST GROWING ORIGIN $55.9MJapan
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $33.9M in Steel Bars, making it the 19th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 895th most exported product in United States. The main destination of Steel Bars exports from United States are: Canada ($19.3M), Oman ($7.97M), Mexico ($1.64M), Brazil ($1.24M), and China ($759k).

The fastest growing export markets for Steel Bars of United States between 2022 and 2023 were Brazil ($820k), Saudi Arabia ($664k), and India ($415k).

Imports In 2023, United States imported $583M in Steel Bars, becoming the 1st largest importer of Steel Bars in the world. At the same year, Steel Bars was the 485th most imported product in United States. United States imports Steel Bars primarily from: Canada ($262M), Japan ($247M), Germany ($50.5M), South Korea ($13.1M), and Austria ($5.04M).

The fastest growing import markets in Steel Bars for United States between 2022 and 2023 were Japan ($55.9M), France ($1.25M), and Dominican Republic ($533k).

COMPANIES In 2024, leading companies such as Dollarama (2) and Nissan (1) were at the forefront of shipping Steel Bars to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Steel Bars exports accounted up to $3.59M and imports accounted up to $30.5M, resulting in a negative trade balance of $26.9M. Between January 2024 and January 2025 the exports of United States'   Steel Bars have increased by $811k (29.2%) from $2.78M to $3.59M, while imports decreased by $-20.5M (-40.2%) from $50.9M to $30.5M.

Destinations In January 2025, Steel Bars were exported mostly to Canada ($1.04M), Oman ($411k), Brazil ($136k), Italy ($78.5k), and South Korea ($65.2k), and were imported mostly from Japan ($21.3M), Canada ($10.7M), Germany ($3.43M), France ($2.32M), and South Korea ($2.02M).

Growth In January 2025, the increase in Steel Bars's year-by-year exports was explained primarily by an increase in exports to Canada ($383k or 23.2%), Malaysia ($46.3k or 681%), and South Korea ($5.77k or 77.7%). In January 2025, the decrease in Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.81M or -54.2%), Austria ($-854k or -76.5%), and Brazil ($-505k or -87.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$811k(29.2%)
IMPORT GROWTH (January 2024 - January 2025)$-20.5M(-40.2%)
MAIN EXPORTER (January 2025)Nebraska$1.45M
MAIN DESTINATION (January 2025)Canada$1.04M

This section shows Steel Bars'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 Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$33.9M
IMPORTS (2023)$583M
NET TRADE (2023)-$549M

In 2023, United States exported $33.9M in Steel Bars. The main destinations of United States exports on Steel Bars were Canada ($19.3M), Oman ($7.97M), Mexico ($1.64M), Brazil ($1.24M), and China ($759k).

In 2023, United States imported $583M in Steel Bars, mainly from Canada ($262M), Japan ($247M), Germany ($50.5M), South Korea ($13.1M), and Austria ($5.04M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR United States WERE (2022 - 2023):
Brazil$820k (195%)
Saudi Arabia$664k (1%)
India$415k (209%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY United States WERE (2022 - 2023):
Canada-$11M (-36.4%)
Oman-$4.13M (-34.1%)
Mexico-$2.58M (-61.1%)
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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 Steel Bars were:
China $852M
Japan $646M
Germany $440M
In 2023, United States's main importing competitors in Steel Bars were:
Thailand $378M
Germany $368M

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $1.76M
TOP IMPORT POTENTIALMexico+ $7.29M

Steel Bars’s highest export potential is Mexico. With an export gap of $1.76M.   Steel Bars’s highest import potential is Mexico with an import gap of $7.29M.

See methodology.

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