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722840 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.44BRnk 1728 / 4644
2023
Top Exporter | Top Importer $586M | $168MChina | Italy
2023
Product Complexity 1.06Rnk 692 / 4656
2022 - 2023
Export Growth (CAGR) 3.62%Rnk 1178 / 4644
2023
Share of World Trade 0.0064%Rnk 1728 / 4644

About

Overview This page contains the latest trade data of Bar/rod nes, alloy steel nes, nfw forged. In 2023, Bar/rod nes, alloy steel nes, nfw forged were the world's 1728th most traded product, with a total trade of $1.44B. Between 2022 and 2023 the exports of Bar/rod nes, alloy steel nes, nfw forged grew by 3.62%, from $1.39B to $1.44B. Trade in Bar/rod nes, alloy steel nes, nfw forged represent 0.0064% of total world trade.

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

Exports In 2023 the top exporters of Bar/rod nes, alloy steel nes, nfw forged  were China ($586M), Germany ($280M), Sweden ($139M), Japan ($94.1M), and Italy ($50.6M).

Imports In 2023 the top importers of Bar/rod nes, alloy steel nes, nfw forged were Italy ($168M), China ($139M), Germany ($133M), Turkey ($126M), and India ($97.6M).

Ranking Bar/rod nes, alloy steel nes, nfw forged ranks 692nd 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 (2023)China$586M
Top Destination (2023)Italy$168M

In 2023 Bar/rod nes, alloy steel nes, nfw forged were the world's 1728th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod nes, alloy steel nes, nfw forged were China ($586M), Germany ($280M), Sweden ($139M), Japan ($94.1M), and Italy ($50.6M).

In 2023, the top importers of Bar/rod nes, alloy steel nes, nfw forged were Italy ($168M), China ($139M), Germany ($133M), Turkey ($126M), and India ($97.6M).

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

Color
Top Origin Growth (2022 -  2023)China$139M
Top Destination Growth (2022 -  2023)Italy$55.1M

Between 2022 and 2023, the exports of Bar/rod nes, alloy steel nes, nfw forged grew the fastest in China ($139M), United States ($9.4M), Sweden ($5.17M), South Korea ($3.88M), and United Kingdom ($3.61M).

Between 2022 and 2023, the fastest growing importers of Bar/rod nes, alloy steel nes, nfw forged were Italy ($55.1M), South Korea ($24.8M), India ($21.8M), China ($6.46M), and United States ($6.36M).

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Exporters of Bar/rod nes, alloy steel nes, nfw forged (2022 - 2023)

Importers of Bar/rod nes, alloy steel nes, nfw forged (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.09. This means that most of the exports of Bar/rod nes, alloy steel nes, nfw forged are explained by 8 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$448M
TOP NET IMPORTER (2023)Italy$118M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod nes, alloy steel nes, nfw forged were China ($448M), Germany ($147M), Sweden ($135M), Japan ($87.6M), and Slovenia ($10.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod nes, alloy steel nes, nfw forged were Italy ($118M), Turkey ($116M), India ($91.5M), United States ($43.5M), and South Korea ($40.7M).

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 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 (2023)

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