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721440 (Harmonized System 1992 for 6-digit)

2022
World Trade $6.19BRnk 621 / 4648
2022
Top Exporter | Top Importer $770M | $830MItaly | Germany
2022
Product Complexity -0.46Rnk 3170 / 4653
2021 - 2022
Export Growth (CAGR) 10.8%Rnk 1527 / 4648
2022
Share of World Trade 0.026%Rnk 621 / 4648

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes. In 2022, Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were the world's 621st most traded product, with a total trade of $6.19B. Between 2021 and 2022 the exports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes grew by 10.8%, from $5.59B to $6.19B. Trade in Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes represent 0.026% of total world trade.

Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes are a part of Raw Iron Bars.

Exports In 2022 the top exporters of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes  were Italy ($770M), China ($728M), Poland ($477M), Japan ($379M), and Germany ($318M).

Imports In 2022 the top importers of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were Germany ($830M), France ($328M), Romania ($321M), Thailand ($316M), and United States ($301M).

Ranking Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes ranks 3170th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes. 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$770M
Top Destination (2022)Germany$830M

In 2022 Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were the world's 621st most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were Italy ($770M), China ($728M), Poland ($477M), Japan ($379M), and Germany ($318M).

In 2022, the top importers of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were Germany ($830M), France ($328M), Romania ($321M), Thailand ($316M), and United States ($301M).

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Exporters of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes (2022)
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Importers of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$402M
Top Destination Growth (2021 -  2022)United States$118M

Between 2021 and 2022, the exports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes grew the fastest in China ($402M), Poland ($95.5M), Italy ($71.6M), Egypt ($67.2M), and France ($48.3M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were United States ($118M), Germany ($114M), Italy ($67.7M), Mexico ($55.3M), and Romania ($49.7M).

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Exporters of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes (2021 - 2022)

Importers of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.77. This means that most of the exports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes are explained by 27 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$675M
TOP NET IMPORTER (2022)Germany$512M

This map shows which countries export or import more of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes. Each country is colored based on the difference in exports and imports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were China ($675M), Italy ($537M), Japan ($340M), Poland ($324M), and Bulgaria ($260M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes were Germany ($512M), Thailand ($304M), Romania ($266M), Kazakhstan ($139M), and Netherlands ($129M).

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, iron or non-alloy steel, hot formed <0.25%C, nes.
It is possible to select the main countries that export or import Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes 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, hot formed <0.25%C, nes 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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