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721510 (Harmonized System 1992 for 6-digit)

2022
World Trade $959MRnk 2249 / 4648
2022
Top Exporter | Top Importer $203M | $181MItaly | Germany
2022
Product Complexity 0.86Rnk 1006 / 4653
2021 - 2022
Export Growth (CAGR) 3.06%Rnk 2509 / 4648
2022
Share of World Trade 0.004%Rnk 2249 / 4648

About

Overview This page contains the latest trade data of Bar/rod, cold formed/finished free cutting steel. In 2022, Bar/rod, cold formed/finished free cutting steel were the world's 2249th most traded product, with a total trade of $959M. Between 2021 and 2022 the exports of Bar/rod, cold formed/finished free cutting steel grew by 3.06%, from $930M to $959M. Trade in Bar/rod, cold formed/finished free cutting steel represent 0.004% of total world trade.

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

Exports In 2022 the top exporters of Bar/rod, cold formed/finished free cutting steel  were Italy ($203M), Germany ($188M), Switzerland ($95.8M), Spain ($77.4M), and France ($56.5M).

Imports In 2022 the top importers of Bar/rod, cold formed/finished free cutting steel were Germany ($181M), France ($93.2M), Poland ($65.9M), Czechia ($48.2M), and Italy ($45.8M).

Ranking Bar/rod, cold formed/finished free cutting steel ranks 1006th 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

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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.

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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 (2022)Italy$203M
Top Destination (2022)Germany$181M

In 2022 Bar/rod, cold formed/finished free cutting steel were the world's 2249th most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, cold formed/finished free cutting steel were Italy ($203M), Germany ($188M), Switzerland ($95.8M), Spain ($77.4M), and France ($56.5M).

In 2022, the top importers of Bar/rod, cold formed/finished free cutting steel were Germany ($181M), France ($93.2M), Poland ($65.9M), Czechia ($48.2M), and Italy ($45.8M).

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Exporters of Bar/rod, cold formed/finished free cutting steel (2022)
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Importers of Bar/rod, cold formed/finished free cutting steel (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$28.6M
Top Destination Growth (2021 -  2022)Poland$12.2M

Between 2021 and 2022, the exports of Bar/rod, cold formed/finished free cutting steel grew the fastest in Germany ($28.6M), Spain ($16.1M), Czechia ($13.1M), United Arab Emirates ($10.7M), and China ($10.5M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, cold formed/finished free cutting steel were Poland ($12.2M), Italy ($9.99M), Czechia ($9.08M), France ($8.6M), and Bulgaria ($6.67M).

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Exporters of Bar/rod, cold formed/finished free cutting steel (2021 - 2022)

Importers of Bar/rod, cold formed/finished free cutting steel (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.88. This means that most of the exports of Bar/rod, cold formed/finished free cutting steel are explained by 14 countries.

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

Net Trade

TOP NET EXPORTER (2022)Italy$157M
TOP NET IMPORTER (2022)Mexico$40.5M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bar/rod, cold formed/finished free cutting steel were Italy ($157M), Switzerland ($76.9M), Spain ($57.8M), Chinese Taipei ($17.6M), and Turkey ($14.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod, cold formed/finished free cutting steel were Mexico ($40.5M), Poland ($39M), France ($36.7M), Sweden ($26.8M), and Vietnam ($17.6M).

Net Trade (2022)

Country Comparison

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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 (2022)

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