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721520 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.38BRnk 1772 / 4644
2023
Top Exporter | Top Importer $340M | $237MItaly | Germany
2023
Product Complexity 0.4Rnk 1853 / 4656
2022 - 2023
Export Growth (CAGR) -21.2%Rnk 3772 / 4644
2023
Share of World Trade 0.0061%Rnk 1772 / 4644

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C. In 2023, Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were the world's 1772nd most traded product, with a total trade of $1.38B. Between 2022 and 2023 the exports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C decreased by -21.2%, from $1.75B to $1.38B. Trade in Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C represent 0.0061% of total world trade.

Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C are a part of Other Iron Bars.

Exports In 2023 the top exporters of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C  were Italy ($340M), Germany ($133M), Spain ($98.8M), Czechia ($89.4M), and United States ($81.6M).

Imports In 2023 the top importers of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Germany ($237M), Mexico ($123M), Poland ($108M), France ($86.3M), and Netherlands ($75.2M).

Ranking Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C ranks 1853rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C. 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)Italy$340M
Top Destination (2023)Germany$237M

In 2023 Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were the world's 1772nd most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Italy ($340M), Germany ($133M), Spain ($98.8M), Czechia ($89.4M), and United States ($81.6M).

In 2023, the top importers of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Germany ($237M), Mexico ($123M), Poland ($108M), France ($86.3M), and Netherlands ($75.2M).

Explore Visualizations

Exporters of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C (2023)
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Importers of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$14.3M
Top Destination Growth (2022 -  2023)Mexico$21.8M

Between 2022 and 2023, the exports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C grew the fastest in China ($14.3M), Sweden ($12.9M), Slovenia ($5.02M), Portugal ($4.73M), and Hong Kong ($3.69M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Mexico ($21.8M), Bulgaria ($5.92M), Poland ($5.85M), Netherlands ($3.92M), and Nicaragua ($2.13M).

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Exporters of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C (2022 - 2023)

Importers of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C.

In 2023, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C are explained by 18 countries.

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Value of Exports in Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C

Net Trade

TOP NET EXPORTER (2023)Italy$308M
TOP NET IMPORTER (2023)Mexico$121M

This map shows which countries export or import more of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C. Each country is colored based on the difference in exports and imports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Italy ($308M), Turkey ($68.9M), Spain ($57.8M), Czechia ($54.3M), and United States ($30.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C were Mexico ($121M), Germany ($104M), Netherlands ($61.2M), Poland ($45.7M), and France ($34.5M).

Net Trade (2023)

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, iron or non-alloy steel, cold formed/finished, <0.25%C.
It is possible to select the main countries that export or import Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C 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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