NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

721510 (Harmonized System 1992 for 6-digit)

2023
World Trade $794MRnk 2368 / 4644
2023
Top Exporter | Top Importer $184M | $132MGermany | Germany
2023
Product Complexity 0.6Rnk 1489 / 4656
2022 - 2023
Export Growth (CAGR) -22.7%Rnk 3869 / 4644
2023
Share of World Trade 0.0035%Rnk 2368 / 4644

About

Overview This page contains the latest trade data of Bar/rod, cold formed/finished free cutting steel. In 2023, Bar/rod, cold formed/finished free cutting steel were the world's 2368th most traded product, with a total trade of $794M. Between 2022 and 2023 the exports of Bar/rod, cold formed/finished free cutting steel decreased by -22.7%, from $1.03B to $794M. Trade in Bar/rod, cold formed/finished free cutting steel represent 0.0035% of total world trade.

Bar/rod, cold formed/finished free cutting steel are a part of Other Iron Bars.

Exports In 2023 the top exporters of Bar/rod, cold formed/finished free cutting steel  were Germany ($184M), Italy ($150M), Switzerland ($75.7M), Spain ($63M), and France ($45M).

Imports In 2023 the top importers of Bar/rod, cold formed/finished free cutting steel were Germany ($132M), France ($94M), United States ($62.7M), Poland ($48.8M), and Italy ($35.6M).

Ranking Bar/rod, cold formed/finished free cutting steel ranks 1489th in the Product Complexity Index (PCI).

Description Bar/rod is most commonly used in the manufacture of wire and cable products, including electrical and communications wire. Cold-formed/finished free cutting steel is used in machinery and automotive parts.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Bar/rod, cold formed/finished free cutting steel. Countries are shown based on data availability.

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$184M
Top Destination (2023)Germany$132M

In 2023 Bar/rod, cold formed/finished free cutting steel were the world's 2368th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, cold formed/finished free cutting steel were Germany ($184M), Italy ($150M), Switzerland ($75.7M), Spain ($63M), and France ($45M).

In 2023, the top importers of Bar/rod, cold formed/finished free cutting steel were Germany ($132M), France ($94M), United States ($62.7M), Poland ($48.8M), and Italy ($35.6M).

Explore Visualizations

Exporters of Bar/rod, cold formed/finished free cutting steel (2023)
[Click to Select a Country]

Importers of Bar/rod, cold formed/finished free cutting steel (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$3.79M
Top Destination Growth (2022 -  2023)Somalia$3.84M

Between 2022 and 2023, the exports of Bar/rod, cold formed/finished free cutting steel grew the fastest in Romania ($3.79M), United Arab Emirates ($2.23M), Djibouti ($1.25M), China ($870k), and Canada ($845k).

Between 2022 and 2023, the fastest growing importers of Bar/rod, cold formed/finished free cutting steel were Somalia ($3.84M), South Korea ($2.58M), Morocco ($2.49M), Ethiopia ($1.29M), and Djibouti ($1.21M).

Explore Visualizations

Exporters of Bar/rod, cold formed/finished free cutting steel (2022 - 2023)

Importers of Bar/rod, cold formed/finished free cutting steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, cold formed/finished free cutting steel.

In 2023, market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Bar/rod, cold formed/finished free cutting steel are explained by 14 countries.

Explore Visualizations

Value of Exports in Bar/rod, cold formed/finished free cutting steel

Net Trade

TOP NET EXPORTER (2023)Italy$115M
TOP NET IMPORTER (2023)France$49M

This map shows which countries export or import more of Bar/rod, cold formed/finished free cutting steel. Each country is colored based on the difference in exports and imports of Bar/rod, cold formed/finished free cutting steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, cold formed/finished free cutting steel were Italy ($115M), Switzerland ($62.8M), Germany ($51.4M), Spain ($41.9M), and Belgium ($24.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, cold formed/finished free cutting steel were France ($49M), United States ($45.1M), Mexico ($33.2M), Poland ($32.1M), and Sweden ($19.2M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Bar/rod, cold formed/finished free cutting steel.
It is possible to select the main countries that export or import Bar/rod, cold formed/finished free cutting steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, cold formed/finished free cutting steel 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms