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722710 (Harmonized System 1992 for 6-digit)

2023
World Trade $146MRnk 3860 / 4644
2023
Top Exporter | Top Importer $56.1M | $44.7MSweden | France
2023
Product Complexity -0.31Rnk 2983 / 4656
2022 - 2023
Export Growth (CAGR) -17.4%Rnk 3458 / 4644
2023
Share of World Trade 0.00065%Rnk 3860 / 4644

About

Overview This page contains the latest trade data of Bar/rod, of high speed steel, irregular coils. In 2023, Bar/rod, of high speed steel, irregular coils were the world's 3860th most traded product, with a total trade of $146M. Between 2022 and 2023 the exports of Bar/rod, of high speed steel, irregular coils decreased by -17.4%, from $177M to $146M. Trade in Bar/rod, of high speed steel, irregular coils represent 0.00065% of total world trade.

Bar/rod, of high speed steel, irregular coils are a part of Steel Bars.

Exports In 2023 the top exporters of Bar/rod, of high speed steel, irregular coils  were Sweden ($56.1M), China ($20.6M), South Africa ($11.6M), Djibouti ($10.9M), and Austria ($9.06M).

Imports In 2023 the top importers of Bar/rod, of high speed steel, irregular coils were France ($44.7M), Ghana ($35.6M), China ($12.4M), Ethiopia ($10.9M), and Djibouti ($10.4M).

Ranking Bar/rod, of high speed steel, irregular coils ranks 2983rd in the Product Complexity Index (PCI).

Description High-speed steel is used in applications where the steel needs to be both strong and hard. High-speed steel is usually used in items that need to resist wear. Iron is the most common metal in the production of high-speed steel. An example of a use for bar/rod is in the production of bearings. Irregular coils are used in the production of springs.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, of high speed steel, irregular coils. 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)Sweden$56.1M
Top Destination (2023)France$44.7M

In 2023 Bar/rod, of high speed steel, irregular coils were the world's 3860th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, of high speed steel, irregular coils were Sweden ($56.1M), China ($20.6M), South Africa ($11.6M), Djibouti ($10.9M), and Austria ($9.06M).

In 2023, the top importers of Bar/rod, of high speed steel, irregular coils were France ($44.7M), Ghana ($35.6M), China ($12.4M), Ethiopia ($10.9M), and Djibouti ($10.4M).

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Exporters of Bar/rod, of high speed steel, irregular coils (2023)
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Importers of Bar/rod, of high speed steel, irregular coils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Djibouti$10.9M
Top Destination Growth (2022 -  2023)Ethiopia$10.9M

Between 2022 and 2023, the exports of Bar/rod, of high speed steel, irregular coils grew the fastest in Djibouti ($10.9M), Turkey ($7.97M), Malaysia ($5.77M), South Africa ($5.41M), and Ghana ($3.35M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, of high speed steel, irregular coils were Ethiopia ($10.9M), Djibouti ($10.4M), Togo ($1.82M), Singapore ($1.8M), and Mali ($1.31M).

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Exporters of Bar/rod, of high speed steel, irregular coils (2022 - 2023)

Importers of Bar/rod, of high speed steel, irregular coils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, of high speed steel, irregular coils.

In 2023, market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Bar/rod, of high speed steel, irregular coils are explained by 8 countries.

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Value of Exports in Bar/rod, of high speed steel, irregular coils

Net Trade

TOP NET EXPORTER (2023)Sweden$56M
TOP NET IMPORTER (2023)France$43.9M

This map shows which countries export or import more of Bar/rod, of high speed steel, irregular coils. Each country is colored based on the difference in exports and imports of Bar/rod, of high speed steel, irregular coils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, of high speed steel, irregular coils were Sweden ($56M), South Africa ($11.5M), Austria ($9.06M), China ($8.14M), and Turkey ($7.97M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, of high speed steel, irregular coils were France ($43.9M), Ghana ($28.6M), United States ($4.45M), Chinese Taipei ($2.74M), and Singapore ($1.73M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Bar/rod, of high speed steel, irregular coils.
It is possible to select the main countries that export or import Bar/rod, of high speed steel, irregular coils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, of high speed steel, irregular coils 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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