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722850 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.44BRnk 1257 / 4644
2023
Top Exporter | Top Importer $510M | $395MGermany | Germany
2023
Product Complexity 0.99Rnk 787 / 4656
2022 - 2023
Export Growth (CAGR) -12.6%Rnk 2993 / 4644
2023
Share of World Trade 0.011%Rnk 1257 / 4644

About

Overview This page contains the latest trade data of Bar/rod nes, alloy steel nes, nfw cold formed/finishe. In 2023, Bar/rod nes, alloy steel nes, nfw cold formed/finishe were the world's 1257th most traded product, with a total trade of $2.44B. Between 2022 and 2023 the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe decreased by -12.6%, from $2.79B to $2.44B. Trade in Bar/rod nes, alloy steel nes, nfw cold formed/finishe represent 0.011% of total world trade.

Bar/rod nes, alloy steel nes, nfw cold formed/finishe are a part of Other Steel Bars.

Exports In 2023 the top exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe  were Germany ($510M), Austria ($221M), United States ($217M), Italy ($205M), and China ($199M).

Imports In 2023 the top importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($395M), United States ($239M), France ($166M), Italy ($119M), and Mexico ($118M).

Ranking Bar/rod nes, alloy steel nes, nfw cold formed/finishe ranks 787th in the Product Complexity Index (PCI).

Description Bar/rod is generally used for structural purposes, like reinforcing concrete or supporting pipes. Alloy steel is used in many applications because of its versatility and durability. It is used in cookware, for example. NFW cold formed/finished is a metalworking process that is done with no metal removal. It is used in the production of beams, for example.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod nes, alloy steel nes, nfw cold formed/finishe. 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$510M
Top Destination (2023)Germany$395M

In 2023 Bar/rod nes, alloy steel nes, nfw cold formed/finishe were the world's 1257th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($510M), Austria ($221M), United States ($217M), Italy ($205M), and China ($199M).

In 2023, the top importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($395M), United States ($239M), France ($166M), Italy ($119M), and Mexico ($118M).

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Exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe (2023)
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Importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Mexico$12M
Top Destination Growth (2022 -  2023)South Korea$26.1M

Between 2022 and 2023, the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe grew the fastest in Mexico ($12M), France ($9.14M), Chinese Taipei ($6.6M), United Kingdom ($4.01M), and Czechia ($2.62M).

Between 2022 and 2023, the fastest growing importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were South Korea ($26.1M), Kazakhstan ($5.33M), Australia ($4.16M), Spain ($3.95M), and Slovenia ($3.11M).

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Exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe (2022 - 2023)

Importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe.

In 2023, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe are explained by 17 countries.

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Value of Exports in Bar/rod nes, alloy steel nes, nfw cold formed/finishe

Net Trade

TOP NET EXPORTER (2023)Austria$155M
TOP NET IMPORTER (2023)Mexico$97.1M

This map shows which countries export or import more of Bar/rod nes, alloy steel nes, nfw cold formed/finishe. Each country is colored based on the difference in exports and imports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Austria ($155M), Germany ($114M), China ($88.5M), Spain ($88.2M), and Italy ($85.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Mexico ($97.1M), Poland ($90.7M), France ($86.7M), United Kingdom ($82.1M), and Canada ($79.5M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bar/rod nes, alloy steel nes, nfw cold formed/finishe.
It is possible to select the main countries that export or import Bar/rod nes, alloy steel nes, nfw cold formed/finishe in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod nes, alloy steel nes, nfw cold formed/finishe 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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