USA | Imports and Exports | World | Iron and steel | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 72 "Iron and steel" from USA totalled $ 20 billion in 2023. Sales of commodity group 72 from USA decreased by 2.05% in value terms compared to 2022. exports of commodity group 72 "Iron and steel" decreased by $ 428 million (cumulative exports of commodity group 72 from USA amounted $20 billion in 2022)
Exports of commodity group 72 "Iron and steel" amounted to 1.01% of total exports from USA (cumulative merchandise exports from USA totalled $ 2.01 trillion in 2023). The share of commodity group 72 in total exports from USA decreased by 0 p.p. compared to 2022 (it was 1.01% in 2022 and cumulative exports from USA were equal to $ 2.06 trillion).
Where does USA export Iron and steel?
Top export destinations of "Iron and steel" from USA in 2023:
- Mexico with a share of 33% (6.81 billion US$)
- Canada with a share of 27% (5.61 billion US$)
- Turkey with a share of 7.95% (1.62 billion US$)
- India with a share of 5.21% (1.06 billion US$)
- Other Asia, nes with a share of 2.91% (596 million US$)
- Bangladesh with a share of 2.83% (580 million US$)
- Vietnam with a share of 1.86% (381 million US$)
- Thailand with a share of 1.61% (329 million US$)
- Pakistan with a share of 1.54% (316 million US$)
- China with a share of 1.43% (293 million US$)
Exports structure of 72 - Iron and steel - from USA in 2023 represented by the following main commodity groups:
- 33% (6.75 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 10.5% (2.14 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 9.43% (1.93 billion US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 8.77% (1.79 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 3.94% (807 million US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 3.7% (758 million US$): 7228 - Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or non-alloy steel
- 3% (614 million US$): 7209 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, cold-rolled (cold-reduced), not clad, plated or coated
- 2.99% (612 million US$): 7216 - Angles, shapes and sections of iron or non-alloy steel
- 2.84% (583 million US$): 7220 - Flat-rolled products of stainless steel, of a width of less than 600 mm.
- 2.68% (549 million US$): 7222 - Other bars and rods of stainless steel; angles, shapes and sections of stainless steel
The value of imports of commodity group 72 "Iron and steel" to USA totalled $ 33 billion in 2023. Sales of commodity group 72 to USA decreased by 26% in value terms compared to 2022. imports of commodity group 72 "Iron and steel" decreased by $ 11.7 billion (the value of imports of commodity group 72 to USA was equal to $44 billion in 2022)
Imports of commodity group 72 "Iron and steel" accounted for 1.04% of total import flow to USA (in 2023, total imports to USA amounted to $ 3.16 trillion). The share of commodity group 72 in total imports to USA decreased by 0.285 p.p. compared to 2022 (it was 1.33% in 2022 and cumulative imports to USA were equal to $ 3.37 trillion).
Where does USA import Iron and steel from?
Top trading partners (import of "Iron and steel") of USA in 2023:
- Canada with a share of 25% (8.36 billion US$)
- Brazil with a share of 13.7% (4.56 billion US$)
- Mexico with a share of 11.2% (3.73 billion US$)
- Korea with a share of 6.05% (2 billion US$)
- Germany with a share of 4.65% (1.54 billion US$)
- Japan with a share of 3.73% (1.23 billion US$)
- Other Asia, nes with a share of 2.36% (784 million US$)
- Netherlands with a share of 2.31% (765 million US$)
- Sweden with a share of 2.21% (733 million US$)
- Italy with a share of 2.14% (710 million US$)
Imports structure of 72 - Iron and steel - to USA in 2023 represented by the following main commodity groups:
- 14.8% (4.92 billion US$): 7210 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, clad, plated or coated
- 9.1% (3.02 billion US$): 7202 - Ferro-alloys.
- 8.4% (2.78 billion US$): 7208 - Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated
- 7.98% (2.64 billion US$): 7207 - Semi-finished products of iron or non-alloy steel
- 6.88% (2.28 billion US$): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
- 6.76% (2.24 billion US$): 7201 - Pig iron and spiegeleisen in pigs, blocks or other primary forms
- 5.75% (1.9 billion US$): 7225 - Flat-rolled products of other alloy steel, of a width of 600 mm or more
- 5.18% (1.71 billion US$): 7224 - Other alloy steel in ingots or other primary forms; semi-finished products of other alloy steel
- 3.77% (1.25 billion US$): 7219 - Flat-rolled products of stainless steel, of a width of 600 mm or more
- 3.64% (1.2 billion US$): 7214 - Other bars and rods of iron or non-alloy steel, not further worked than forged, hot-rolled, hot-drawn or hot-extruded, but including those twisted after rolling
