Analysis and Studies - Products analysis
Aluminum: Import and Export
August 29th 2022
Aluminum is a fundamental material in many sectors. It is a great electrical conductor with numerous applications ranging from the automotive industry to cookware, and so on. First chemically isolated in 1825, it became commercially available in the late 19th century. Aluminum is the most used material in the world after iron. Indeed, the aluminum industry is a major asset for a country. Given its wide use, the whole aluminum market is worth a total of $169 billion. A major threat to the industry is the rise in energy prices in the last year. Indeed, to make 1 ton of aluminum, around 17,000 kWh of electricity is needed.
Aluminum: import and export
The whole aluminum market is worth a total of 169 billion, and it is the world's 20th most traded product.
In 2020, the top exporters were China ($24.8 billion), Germany ($14.4 billion), the United States ($9.21 billion), Canada ($8.38 billion), and Italy ($6.15 billion). The top importers were the United States ($19.7 billion), Germany ($15.6 billion), the Netherlands ($7.22 billion), China ($6.79 billion), and Japan ($6.62 billion).
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