2022
Exports
$1.99BWorld Rnk 13 / 151
Flag Rnk 158 / 1217
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$3.76BWorld Rnk 5 / 214
Flag Rnk 151 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.99B in Hot-Rolled Iron, making it the 13th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 158th most exported product in United States. The main destination of Hot-Rolled Iron exports from United States are: Mexico ($1.29B), Canada ($664M), Bahamas ($3.65M), Turkey ($3.54M), and South Africa ($2.79M).

The fastest growing export markets for Hot-Rolled Iron of United States between 2021 and 2022 were Mexico ($255M), Canada ($15.3M), and Turkey ($3.41M).

Imports In 2022, United States imported $3.76B in Hot-Rolled Iron, becoming the 5th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 151st most imported product in United States. United States imports Hot-Rolled Iron primarily from: Canada ($1.93B), South Korea ($704M), Mexico ($558M), Japan ($169M), and Netherlands ($93.8M).

The fastest growing import markets in Hot-Rolled Iron for United States between 2021 and 2022 were Mexico ($280M), Australia ($36.9M), and Belgium ($17.2M).

COMPANIES In 2023, leading companies such as TPV Tech (17), Costco Wholesale (2), and At Home Procurement (2) were at the forefront of shipping Hot-Rolled Iron to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-80.9M(-32.9%)
IMPORT GROWTH (June 2023 - June 2024)$-185M(-52.4%)
MAIN EXPORTER (June 2024)Texas$45M
MAIN DESTINATION (June 2024)Mexico$107M

This section shows Hot-Rolled 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 Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.99B
IMPORTS (2022)$3.76B
NET TRADE (2022)-$1.77B

In 2022, United States exported $1.99B in Hot-Rolled Iron. The main destinations of United States exports on Hot-Rolled Iron were Mexico ($1.29B), Canada ($664M), Bahamas ($3.65M), Turkey ($3.54M), and South Africa ($2.79M).

In 2022, United States imported $3.76B in Hot-Rolled Iron, mainly from Canada ($1.93B), South Korea ($704M), Mexico ($558M), Japan ($169M), and Netherlands ($93.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$255M (24.6%)
Canada$15.3M (2.36%)
Turkey$3.41M (2.68k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY United States WERE (2021 - 2022):
Bahrain-$3.05M (-98.5%)
Singapore-$2.39M (-95.5%)
Ecuador-$1.37M (-71.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, United States's main importing competitors in Hot-Rolled Iron were:

Explore Visualizations

Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $9.46M
TOP IMPORT POTENTIALJapan+ $135M

Hot-Rolled Iron’s highest export potential is Turkey. With an export gap of $9.46M.   Hot-Rolled Iron’s highest import potential is Japan with an import gap of $135M.

See methodology.

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