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2022
Exports $19.9MWorld Rnk 3 / 161
Flag Rnk 983 / 1217
2022
Destination $652k Canada
2021 - 2022
FASTEST GROWING MARKET $652kMalaysia
2022
Imports $49.2MWorld Rnk 1 / 207
Flag Rnk 975 / 1216
2022
Origin $9.42M China
2021 - 2022
FASTEST GROWING ORIGIN $9.42MChina
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $19.9M in Iron Sewing Needles, making it the 3rd largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 983rd most exported product in United States. The main destination of Iron Sewing Needles exports from United States are: Canada ($4.46M), South Korea ($1.5M), Malaysia ($1.23M), Mexico ($1.17M), and Costa Rica ($810k).

The fastest growing export markets for Iron Sewing Needles of United States between 2021 and 2022 were Malaysia ($652k), Costa Rica ($448k), and Canada ($435k).

Imports In 2022, United States imported $49.2M in Iron Sewing Needles, becoming the 1st largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 975th most imported product in United States. United States imports Iron Sewing Needles primarily from: China ($29.2M), Japan ($4.7M), Malaysia ($3.96M), Chinese Taipei ($3.78M), and South Korea ($1.54M).

The fastest growing import markets in Iron Sewing Needles for United States between 2021 and 2022 were China ($9.42M), Chinese Taipei ($1.22M), and Malaysia ($998k).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (23), Amazon (16), and CrimsonLogic (13) were at the forefront of shipping Iron Sewing Needles to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Iron Sewing Needles exports accounted up to $1.72M and imports accounted up to $3.78M, resulting in a negative trade balance of $2.07M. Between June 2023 and June 2024 the exports of United States'   Iron Sewing Needles have increased by $258k (17.7%) from $1.46M to $1.72M, while imports decreased by $-378k (-9.08%) from $4.16M to $3.78M.

Destinations In June 2024, Iron Sewing Needles were exported mostly to Canada ($736k), Japan ($101k), Costa Rica ($97.2k), South Africa ($80.1k), and Netherlands ($75.8k), and were imported mostly from China ($3.03M), Japan ($282k), Chinese Taipei ($162k), India ($56k), and South Korea ($42k).

Growth In June 2024, the increase in Iron Sewing Needles's year-by-year exports was explained primarily by an increase in exports to Costa Rica ($189k or 1.08k%), Australia ($171k or 1.36k%), and United Arab Emirates ($124k or 1.41k%). In June 2024, the decrease in Iron Sewing Needles's year-by-year imports was explained primarily by a decrease in imports from China ($-263k or -14%), Malaysia ($-209k or -42.1%), and Germany ($-73.9k or -77.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$258k(17.7%)
IMPORT GROWTH (June 2023 - June 2024)$-378k(-9.08%)
MAIN EXPORTER (June 2024)California$679k
MAIN DESTINATION (June 2024)Canada$736k

This section shows Iron Sewing Needles'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 Iron Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.9M
IMPORTS (2022)$49.2M
NET TRADE (2022)-$29.3M

In 2022, United States exported $19.9M in Iron Sewing Needles. The main destinations of United States exports on Iron Sewing Needles were Canada ($4.46M), South Korea ($1.5M), Malaysia ($1.23M), Mexico ($1.17M), and Costa Rica ($810k).

In 2022, United States imported $49.2M in Iron Sewing Needles, mainly from China ($29.2M), Japan ($4.7M), Malaysia ($3.96M), Chinese Taipei ($3.78M), and South Korea ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR United States WERE (2021 - 2022):
Malaysia$652k (113%)
Costa Rica$448k (124%)
Canada$435k (10.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY United States WERE (2021 - 2022):
Mexico-$1.88M (-61.6%)
Dominican Republic-$1.23M (-74.6%)
South Korea-$684k (-31.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Iron Sewing Needles were:
China $164M
Japan $21.4M
In 2022, United States's main importing competitors in Iron Sewing Needles were:
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $360k
TOP IMPORT POTENTIALIndia+ $674k

Iron Sewing Needles’s highest export potential is India. With an export gap of $360k.   Iron Sewing Needles’s highest import potential is India with an import gap of $674k.

See methodology.

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