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Enhanced global steel trade monitoring
Steel Exports Report: United States
Background
The United States was the world’s seventeenth-largest steel exporter in 2019. In 2019, the United States exported 7.1 million metric tons of steel, a 16 percent decrease from 8.5 million metric tons in 2018. U.S. exports represented about 2 percent of all steel exported globally in 2019. The volume of U.S. 2019 steel exports was about 1/10th the size of the world’s largest exporter, China. In value terms, steel represented just 0.7 percent of the total of all goods the U.S. exported in 2019.
The United States exports steel to about 175 countries and territories. The 10 countries labeled in the map below represent the top markets for U.S. exports of steel, with the top 2 countries alone receiving more than 3 million metric tons each. The top 10 countries accounted for 94 percent of U.S. steel exports in 2019.
The United States has maintained a persistent trade deficit in steel products for well over a decade. Since mid- 2009 imports have remained above their global recession related lows, while exports have remained relatively flat in comparison, and the trade deficit has widened accordingly. Since their most recent low point, imports have grown by 78 percent between 2009 and 2019, while exports have decreased by 21 percent over the same period. In 2019, the U.S. steel trade deficit amounted to 19.2 million metric tons, a 69 percent increase from a deficit of 11.3 million metric tons in 2018.
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