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2023
Exports $76.8MWorld Rnk 11 / 122
Flag Rnk 752 / 1217
2023
Destination $4.12M Mexico
2022 - 2023
FASTEST GROWING MARKET $4.12MSouth Korea
2023
PRODUCT COMPLEXITY IN Steel Wire1.13Rnk 131 / 1025
2023
Imports $268MWorld Rnk 2 / 200
Flag Rnk 673 / 1215
2023
Origin $3.19M Mexico
2022 - 2023
FASTEST GROWING ORIGIN $3.19MItaly
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $76.8M in Steel Wire, making it the 11th largest exporter of Steel Wire in the world. At the same year, Steel Wire was the 752nd most exported product in United States. The main destination of Steel Wire exports from United States are: Mexico ($40.5M), Canada ($14M), South Korea ($4.52M), Brazil ($2.51M), and India ($1.85M).

The fastest growing export markets for Steel Wire of United States between 2022 and 2023 were South Korea ($4.12M), Chile ($1.09M), and Kyrgyzstan ($623k).

Imports In 2023, United States imported $268M in Steel Wire, becoming the 2nd largest importer of Steel Wire in the world. At the same year, Steel Wire was the 673rd most imported product in United States. United States imports Steel Wire primarily from: Mexico ($38.3M), Vietnam ($37.6M), Japan ($35.8M), Canada ($35.7M), and Italy ($34.9M).

The fastest growing import markets in Steel Wire for United States between 2022 and 2023 were Italy ($3.19M), Indonesia ($2.15M), and Malaysia ($2.06M).

COMPANIES In 2023, leading companies such as Mercedes-Benz (570), Volkswagen (380), and Volvo (378) were at the forefront of shipping Steel Wire to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Steel Wire exports accounted up to $7.14M and imports accounted up to $18.3M, resulting in a negative trade balance of $11.1M. Between November 2023 and November 2024 the exports of United States'   Steel Wire have increased by $669k (10.3%) from $6.47M to $7.14M, while imports increased by $278k (1.54%) from $18M to $18.3M.

Destinations In November 2024, Steel Wire were exported mostly to Mexico ($4.18M), Canada ($1.59M), Guyana ($169k), France ($159k), and Brazil ($151k), and were imported mostly from Vietnam ($3.4M), Mexico ($3.07M), Japan ($2.69M), South Korea ($2.07M), and Canada ($1.92M).

Growth In November 2024, the increase in Steel Wire's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.05M or 75.2%), Canada ($356k or 19.2%), and Brazil ($169k or 160%). In November 2024, the increase in Steel Wire's year-by-year imports was explained primarily by an increase in imports from Austria ($257k or 40.5%), France ($132k or 16.4%), and Belgium ($128k or 69.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$669k(10.3%)
IMPORT GROWTH (November 2023 - November 2024)$278k(1.54%)
MAIN EXPORTER (November 2024)Indiana$3.56M
MAIN DESTINATION (November 2024)Mexico$4.18M

This section shows 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 Steel Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$76.8M
IMPORTS (2023)$268M
NET TRADE (2023)-$191M

In 2023, United States exported $76.8M in Steel Wire. The main destinations of United States exports on Steel Wire were Mexico ($40.5M), Canada ($14M), South Korea ($4.52M), Brazil ($2.51M), and India ($1.85M).

In 2023, United States imported $268M in Steel Wire, mainly from Mexico ($38.3M), Vietnam ($37.6M), Japan ($35.8M), Canada ($35.7M), and Italy ($34.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Wire EXPORT MARKETS FOR United States WERE (2022 - 2023):
South Korea$4.12M (1.03k%)
Chile$1.09M (424%)
Kyrgyzstan$623k (18.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Wire BY United States WERE (2022 - 2023):
Canada-$4.96M (-26.2%)
China-$2.34M (-59.1%)
Italy-$850k (-68.7%)
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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 Wire were:
China $557M
Japan $281M
Czechia $233M
In 2023, United States's main importing competitors in Steel Wire were:
Germany $286M
Poland $188M

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Trade Value of Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.44M
TOP IMPORT POTENTIALChina+ $13.7M

Steel Wire’s highest export potential is China. With an export gap of $2.44M.   Steel Wire’s highest import potential is China with an import gap of $13.7M.

See methodology.

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