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722840 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.49BRnk 1776 / 4648
2022
Top Exporter | Top Importer $499M | $152MChina | China
2022
Product Complexity 0.99Rnk 781 / 4653
2021 - 2022
Export Growth (CAGR) 16.7%Rnk 1000 / 4648
2022
Share of World Trade 0.0063%Rnk 1776 / 4648

About

Overview This page contains the latest trade data of Bar/rod nes, alloy steel nes, nfw forged. In 2022, Bar/rod nes, alloy steel nes, nfw forged were the world's 1776th most traded product, with a total trade of $1.49B. Between 2021 and 2022 the exports of Bar/rod nes, alloy steel nes, nfw forged grew by 16.7%, from $1.28B to $1.49B. Trade in Bar/rod nes, alloy steel nes, nfw forged represent 0.0063% of total world trade.

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

Exports In 2022 the top exporters of Bar/rod nes, alloy steel nes, nfw forged  were China ($499M), Germany ($328M), Sweden ($173M), Japan ($99.8M), and Italy ($56.2M).

Imports In 2022 the top importers of Bar/rod nes, alloy steel nes, nfw forged were China ($152M), Turkey ($146M), Italy ($120M), Germany ($115M), and United States ($112M).

Ranking Bar/rod nes, alloy steel nes, nfw forged ranks 781st in the Product Complexity Index (PCI).

Description Bar/rod is a type of steel that is made by rolling steel into a round bar of a certain length and then cutting it into smaller pieces. Alloy steel is a type of steel that is made by adding other elements to the steel to change the properties of the steel. NFW forged is a type of steel that is made by heating the steel in a forging press and forcing the metal to take on a desired shape.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod nes, alloy steel nes, nfw forged. 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)China$499M
Top Destination (2022)China$152M

In 2022 Bar/rod nes, alloy steel nes, nfw forged were the world's 1776th most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod nes, alloy steel nes, nfw forged were China ($499M), Germany ($328M), Sweden ($173M), Japan ($99.8M), and Italy ($56.2M).

In 2022, the top importers of Bar/rod nes, alloy steel nes, nfw forged were China ($152M), Turkey ($146M), Italy ($120M), Germany ($115M), and United States ($112M).

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Exporters of Bar/rod nes, alloy steel nes, nfw forged (2022)
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Importers of Bar/rod nes, alloy steel nes, nfw forged (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$106M
Top Destination Growth (2021 -  2022)United States$60.1M

Between 2021 and 2022, the exports of Bar/rod nes, alloy steel nes, nfw forged grew the fastest in China ($106M), Italy ($16.4M), United States ($10.8M), Sweden ($10.8M), and Austria ($9.78M).

Between 2021 and 2022, the fastest growing importers of Bar/rod nes, alloy steel nes, nfw forged were United States ($60.1M), Turkey ($48.2M), Italy ($37.1M), Germany ($31M), and India ($23.4M).

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Exporters of Bar/rod nes, alloy steel nes, nfw forged (2021 - 2022)

Importers of Bar/rod nes, alloy steel nes, nfw forged (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Bar/rod nes, alloy steel nes, nfw forged are explained by 9 countries.

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Value of Exports in Bar/rod nes, alloy steel nes, nfw forged

Net Trade

TOP NET EXPORTER (2022)China$348M
TOP NET IMPORTER (2022)Turkey$135M

This map shows which countries export or import more of Bar/rod nes, alloy steel nes, nfw forged. Each country is colored based on the difference in exports and imports of Bar/rod nes, alloy steel nes, nfw forged during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bar/rod nes, alloy steel nes, nfw forged were China ($348M), Germany ($212M), Sweden ($168M), Japan ($92.6M), and Slovenia ($14.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod nes, alloy steel nes, nfw forged were Turkey ($135M), United States ($86.5M), India ($81.5M), Italy ($64.3M), and Romania ($39.5M).

Net Trade (2022)

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 forged.
It is possible to select the main countries that export or import Bar/rod nes, alloy steel nes, nfw forged 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 forged 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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