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Pricing

721430 (Harmonized System 1992 for 6-digit)

2022
World Trade $438MRnk 3053 / 4648
2022
Top Exporter | Top Importer $102M | $101MGermany | Italy
2022
Product Complexity -0.81Rnk 3604 / 4653
2021 - 2022
Export Growth (CAGR) 25.2%Rnk 566 / 4648
2022
Share of World Trade 0.0018%Rnk 3053 / 4648

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, of free cutting steel, nes. In 2022, Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3053rd most traded product, with a total trade of $438M. Between 2021 and 2022 the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes grew by 25.2%, from $350M to $438M. Trade in Bar/rod, iron or non-alloy steel, of free cutting steel, nes represent 0.0018% 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 2022 the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes  were Germany ($102M), Switzerland ($73.9M), France ($58.1M), Canada ($34M), and United Arab Emirates ($33.5M).

Imports In 2022 the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Italy ($101M), United States ($68.4M), Germany ($36.9M), Hong Kong ($30.9M), and Democratic Republic of the Congo ($25.2M).

Ranking Bar/rod, iron or non-alloy steel, of free cutting steel, nes ranks 3604th 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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Flow
Y-AXIS SCALE

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.

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.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$102M
Top Destination (2022)Italy$101M

In 2022 Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3053rd most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Germany ($102M), Switzerland ($73.9M), France ($58.1M), Canada ($34M), and United Arab Emirates ($33.5M).

In 2022, the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Italy ($101M), United States ($68.4M), Germany ($36.9M), Hong Kong ($30.9M), and Democratic Republic of the Congo ($25.2M).

Explore Visualizations

Exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022)
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Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Switzerland$24M
Top Destination Growth (2021 -  2022)Hong Kong$27M

Between 2021 and 2022, the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes grew the fastest in Switzerland ($24M), United Arab Emirates ($23.8M), Canada ($16M), France ($15.1M), and Rwanda ($15.1M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Hong Kong ($27M), Italy ($22.7M), Democratic Republic of the Congo ($17.3M), United States ($17M), and Germany ($10.3M).

Explore Visualizations

Exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2021 - 2022)

Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, 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, of free cutting steel, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.86. 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.

Explore Visualizations

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

Net Trade

TOP NET EXPORTER (2022)Switzerland$69.7M
TOP NET IMPORTER (2022)Italy$87.2M

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 2022.

In 2022, 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 Switzerland ($69.7M), Germany ($65.1M), France ($49.7M), United Arab Emirates ($33.4M), and Rwanda ($18.8M).

In 2022, 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 Italy ($87.2M), United States ($56.3M), Hong Kong ($30.8M), Poland ($12.8M), and United Kingdom ($11M).

Net Trade (2022)

Country Comparison

Flow
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 (2022)

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