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721430 (Harmonized System 1992 for 6-digit)

2023
World Trade $274MRnk 3411 / 4644
2023
Top Exporter | Top Importer $69.6M | $63.7MGermany | United States
2023
Product Complexity -0.91Rnk 3719 / 4656
2022 - 2023
Export Growth (CAGR) -39.8%Rnk 4438 / 4644
2023
Share of World Trade 0.0012%Rnk 3411 / 4644

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, of free cutting steel, nes. In 2023, Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3411th most traded product, with a total trade of $274M. Between 2022 and 2023 the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes decreased by -39.8%, from $455M to $274M. Trade in Bar/rod, iron or non-alloy steel, of free cutting steel, nes represent 0.0012% of total world trade.

Bar/rod, iron or non-alloy steel, of free cutting steel, nes are a part of Raw Iron Bars.

Exports In 2023 the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes  were Germany ($69.6M), Switzerland ($38.7M), France ($31.9M), Canada ($31.8M), and Turkey ($12.6M).

Imports In 2023 the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were United States ($63.7M), Italy ($52M), Germany ($24.1M), Canada ($15.3M), and United Kingdom ($9.5M).

Ranking Bar/rod, iron or non-alloy steel, of free cutting steel, nes ranks 3719th in the Product Complexity Index (PCI).

Description Bar/rod is used to make bars, rods, and other products. Iron or non-alloy steel is used for structural steel, beams, and supports, and free cutting steel is used for metalworking.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, iron or non-alloy steel, of free cutting steel, 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 (2023)Germany$69.6M
Top Destination (2023)United States$63.7M

In 2023 Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3411th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Germany ($69.6M), Switzerland ($38.7M), France ($31.9M), Canada ($31.8M), and Turkey ($12.6M).

In 2023, the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were United States ($63.7M), Italy ($52M), Germany ($24.1M), Canada ($15.3M), and United Kingdom ($9.5M).

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Exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2023)
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Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Chinese Taipei$3.7M
Top Destination Growth (2022 -  2023)China$4.94M

Between 2022 and 2023, the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes grew the fastest in Chinese Taipei ($3.7M), Japan ($1.45M), Sweden ($834k), Romania ($582k), and Guatemala ($568k).

Between 2022 and 2023, the fastest growing importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were China ($4.94M), Netherlands ($4.01M), Rwanda ($1.71M), El Salvador ($770k), and Dominica ($709k).

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Exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022 - 2023)

Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes.

In 2023, market concentration measured using Shannon Entropy, was 3.85. This means that most of the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes are explained by 14 countries.

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Value of Exports in Bar/rod, iron or non-alloy steel, of free cutting steel, nes

Net Trade

TOP NET EXPORTER (2023)Germany$45.6M
TOP NET IMPORTER (2023)United States$52.6M

This map shows which countries export or import more of Bar/rod, iron or non-alloy steel, of free cutting steel, nes. Each country is colored based on the difference in exports and imports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes 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, of free cutting steel, nes were Germany ($45.6M), Switzerland ($36.4M), France ($28M), Canada ($16.5M), and Chinese Taipei ($9.22M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were United States ($52.6M), Italy ($44M), United Kingdom ($9.28M), Israel ($8.97M), and Mexico ($6.11M).

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, of free cutting steel, nes.
It is possible to select the main countries that export or import Bar/rod, iron or non-alloy steel, of free cutting steel, 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, of free cutting steel, 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 (2023)

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