Raw Iron Bars in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $1.42B in Raw Iron Bars, making it the 4th largest exporter of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 363rd most exported product in China. The main destination of Raw Iron Bars exports from China are: South Korea ($204M), Vietnam ($94.1M), Mongolia ($92.9M), Belgium ($89.9M), and Philippines ($87.5M).

The fastest growing export markets for Raw Iron Bars of China between 2021 and 2022 were Vietnam ($57.7M), Belgium ($52.5M), and South Korea ($52.4M).

Imports In 2022, China imported $475M in Raw Iron Bars, becoming the 15th largest importer of Raw Iron Bars in the world. At the same year, Raw Iron Bars was the 361st most imported product in China. China imports Raw Iron Bars primarily from: Malaysia ($361M), Japan ($43.7M), Hong Kong ($26.6M), Chinese Taipei ($11.1M), and Vietnam ($8.8M).

The fastest growing import markets in Raw Iron Bars for China between 2021 and 2022 were Hong Kong ($23M), Vietnam ($6.97M), and United Arab Emirates ($2.78M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Raw Iron Bars from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Raw Iron Bars exports accounted up to $113M and imports accounted up to $3.68M, resulting in a positive trade balance of $109M. Between February 2023 and February 2024 the exports of China's Raw Iron Bars have decreased by $-37.3M (-24.8%) from $150M to $113M, while imports decreased by $-3.6M (-49.4%) from $7.27M to $3.68M.

Destinations In February 2024, Raw Iron Bars were exported mostly to South Korea ($19.3M), Burma ($16.9M), Vietnam ($7.61M), Philippines ($4.94M), and Belgium ($4.89M), and were imported mostly from Japan ($1.68M), Malaysia ($764k), Germany ($439k), South Korea ($405k), and China ($268k).

Growth In February 2024, the decrease in Raw Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Belgium ($-12.1M or -66.6%), Belarus ($-2.18M or -100%), and Indonesia ($-2.16M or -38.9%). In February 2024, the decrease in Raw Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Malaysia ($-87.9M or -99.3%), Turkey ($-761k or -98.3%), and South Korea ($-236k or -29.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-37.3M(-24.8%)

IMPORT GROWTH (February 2023 - February 2024)$-3.6M(-49.4%)

MAIN EXPORTER (February 2024)Jiangsu Province$69.4M

MAIN DESTINATION (February 2024)South Korea$19.3M

This section shows Raw Iron Bars's exports and imports data at subnational level for China. 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 Raw Iron Bars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.42B

IMPORTS (2022)$475M

NET TRADE (2022)$945M

In 2022, China exported $1.42B in Raw Iron Bars. The main destinations of China exports on Raw Iron Bars were South Korea ($204M), Vietnam ($94.1M), Mongolia ($92.9M), Belgium ($89.9M), and Philippines ($87.5M).

In 2022, China imported $475M in Raw Iron Bars, mainly from Malaysia ($361M), Japan ($43.7M), Hong Kong ($26.6M), Chinese Taipei ($11.1M), and Vietnam ($8.8M).

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