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722830 (Harmonized System 1992 for 6-digit)

2023
World Trade $7.53BRnk 500 / 4644
2023
Top Exporter | Top Importer $1.97B | $804MChina | Germany
2023
Product Complexity 0.26Rnk 2099 / 4656
2022 - 2023
Export Growth (CAGR) -14.9%Rnk 3222 / 4644
2023
Share of World Trade 0.033%Rnk 500 / 4644

About

Overview This page contains the latest trade data of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude. In 2023, Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were the world's 500th most traded product, with a total trade of $7.53B. Between 2022 and 2023 the exports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude decreased by -14.9%, from $8.85B to $7.53B. Trade in Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude represent 0.033% of total world trade.

Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude are a part of Other Steel Bars.

Exports In 2023 the top exporters of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude  were China ($1.97B), Japan ($624M), Germany ($580M), Italy ($495M), and Turkey ($445M).

Imports In 2023 the top importers of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were Germany ($804M), Mexico ($562M), United States ($392M), Italy ($367M), and France ($361M).

Ranking Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude ranks 2099th in the Product Complexity Index (PCI).

Description Bar steel is a strong metal used in construction, bridge building, and as structural support in buildings. Alloy steel is a type of steel that is enhanced with other metals, such as nickel, to give it more strength and durability. NFW hot rolled steel is steel that has been heated and put through a rolling process.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.97B
Top Destination (2023)Germany$804M

In 2023 Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were the world's 500th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were China ($1.97B), Japan ($624M), Germany ($580M), Italy ($495M), and Turkey ($445M).

In 2023, the top importers of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were Germany ($804M), Mexico ($562M), United States ($392M), Italy ($367M), and France ($361M).

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Exporters of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (2023)
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Importers of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$251M
Top Destination Growth (2022 -  2023)South Korea$83.1M

Between 2022 and 2023, the exports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude grew the fastest in China ($251M), United Kingdom ($28.1M), Brazil ($18.6M), Belgium ($8.05M), and Australia ($7.99M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were South Korea ($83.1M), Canada ($27M), France ($21.2M), Thailand ($16.3M), and El Salvador ($16M).

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Exporters of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (2022 - 2023)

Importers of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude.

In 2023, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude are explained by 17 countries.

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Value of Exports in Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude

Net Trade

TOP NET EXPORTER (2023)China$1.73B
TOP NET IMPORTER (2023)Mexico$546M

This map shows which countries export or import more of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude. Each country is colored based on the difference in exports and imports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were China ($1.73B), Japan ($550M), Turkey ($256M), Italy ($128M), and Spain ($104M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude were Mexico ($546M), Indonesia ($341M), Thailand ($334M), Peru ($231M), and Germany ($224M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude.
It is possible to select the main countries that export or import Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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