Steel Bars in United States | The Observatory of Economic Complexity

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Exports In 2022, United States exported $51.2M in Steel Bars, making it the 22nd largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 860th most exported product in United States. The main destination of Steel Bars exports from United States are: Canada ($31.6M), Oman ($9.63M), Mexico ($5.19M), China ($1.17M), and Italy ($728k).

The fastest growing export markets for Steel Bars of United States between 2021 and 2022 were Canada ($9.89M), Oman ($3.62M), and Dominican Republic ($245k).

Imports In 2022, United States imported $602M in Steel Bars, becoming the 1st largest importer of Steel Bars in the world. At the same year, Steel Bars was the 493rd most imported product in United States. United States imports Steel Bars primarily from: Canada ($268M), Japan ($190M), Germany ($107M), South Korea ($13M), and Austria ($7.73M).

The fastest growing import markets in Steel Bars for United States between 2021 and 2022 were Germany ($58.1M), Canada ($37.9M), and South Korea ($6.75M).

COMPANIES In 2023, leading companies such as WALGREEN CO. (4) were at the forefront of shipping Steel Bars to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Steel Bars exports accounted up to $3.09M and imports accounted up to $37.6M, resulting in a negative trade balance of $34.5M. Between February 2023 and February 2024 the exports of United States' Steel Bars have increased by $72.4k (2.4%) from $3.02M to $3.09M, while imports decreased by $-5.52M (-12.8%) from $43.1M to $37.6M.

Destinations In February 2024, Steel Bars were exported mostly to Canada ($2.38M), Mexico ($257k), Oman ($191k), India ($76.2k), and Japan ($32.3k), and were imported mostly from Canada ($22.2M), Japan ($11.1M), Germany ($3.23M), Austria ($508k), and South Korea ($470k).

Growth In February 2024, the increase in Steel Bars's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($16.5k or 42.8%). In February 2024, the decrease in Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Germany ($-3.2M or -31.2%) and South Korea ($-38.1k or -6.16%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$72.4k(2.4%)

IMPORT GROWTH (February 2023 - February 2024)$-5.52M(-12.8%)

MAIN EXPORTER (February 2024)Nebraska$1.33M

MAIN DESTINATION (February 2024)Canada$2.38M

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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$51.2M

IMPORTS (2022)$602M

NET TRADE (2022)-$550M

In 2022, United States exported $51.2M in Steel Bars. The main destinations of United States exports on Steel Bars were Canada ($31.6M), Oman ($9.63M), Mexico ($5.19M), China ($1.17M), and Italy ($728k).

In 2022, United States imported $602M in Steel Bars, mainly from Canada ($268M), Japan ($190M), Germany ($107M), South Korea ($13M), and Austria ($7.73M).

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