Coated Flat-Rolled Iron7210 (Harmonized System 1992 for 4-digit)
2020 World Trade: $43.5B, Rnk 80 / 1217
2020 Top Exporter | Top Importer: $11.2B | $3.14B, China | United States
2020 Product Complexity: -0.035, Rnk 561 / 1028
2019 - 2020 Export Growth (CAGR): -11.7%, Rnk 788 / 1217
2018 Mean Tariff: 5.81%, Rnk 732 / 1259
2020 Share of World Trade: 0.26%, Rnk 80 / 1217
Overview This page contains the latest trade data of Coated Flat-Rolled Iron. In 2020, Coated Flat-Rolled Iron were the world's 80th most traded product, with a total trade of $43.5B. Between 2019 and 2020 the exports of Coated Flat-Rolled Iron decreased by -11.7%, from $49.2B to $43.5B. Trade in Coated Flat-Rolled Iron represent 0.26% of total world trade.
Coated Flat-Rolled Iron are a part of Iron & steel. They include Flat rolled iron or non-alloy steel, coated with zinc, width >600mm, ne, Flat rolled iron or non-alloy steel, painted/plastic coated,width>600mm, Flat rolled iron or non-alloy steel, coated with tin, w >600mm, t..., Flat rolled iron or non-alloy steel, electro plate/zinc,w >600mm, nes, Flat rolled iron or non-alloy steel, coated with aluminium, width>600mm, Flat rolled iron or non-alloy steel, coated chromium/oxides, w> 600 mm, Flat rolled iron or non-alloy steel, clad/plated/coated, w >600mm, nes, Flat rolled iron or non-alloy steel, coat/zinc, corrugated, w >600m, ne, Flat rolled iron or non-alloy steel, coated with tin, w >600mm, t..., and Flat rolled iron or non-alloy steel, coated with lead, width >600mm, among others.
Exports In 2020 the top exporters of Coated Flat-Rolled Iron were China ($11.2B), South Korea ($5.09B), Germany ($2.6B), Belgium ($2.4B), and Japan ($2.11B).
Imports In 2020 the top importers of Coated Flat-Rolled Iron were United States ($3.14B), Germany ($2.32B), Thailand ($2.07B), Poland ($1.82B), and Mexico ($1.68B).
Tariffs In 2018 the average tariff for Coated Flat-Rolled Iron was 5.81%, making it the 732nd lowest tariff using the HS4 product classification.
Ranking Coated Flat-Rolled Iron ranks 561st in the Product Complexity Index (PCI).
Description Flat-rolled products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron, stainless steel, and aluminum.
The following visualization shows the latest trends on Coated Flat-Rolled Iron. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $11.2B
Top Destination (2020): United States, $3.14B
Coated Flat-Rolled Iron are the world's 80th most traded product.
In 2020, the top exporters of Coated Flat-Rolled Iron were China ($11.2B), South Korea ($5.09B), Germany ($2.6B), Belgium ($2.4B), and Japan ($2.11B).
In 2020, the top importers of Coated Flat-Rolled Iron were United States ($3.14B), Germany ($2.32B), Thailand ($2.07B), Poland ($1.82B), and Mexico ($1.68B).
Trade by country
Top Origin Growth (2019 - 2020): Vietnam, $207M
Top Destination Growth (2019 - 2020): Thailand, $138M
Between 2019 and 2020, the exports of Coated Flat-Rolled Iron grew the fastest in Vietnam ($207M), Turkey ($170M), Finland ($94.7M), Kazakhstan ($58.2M), and United Arab Emirates ($40.1M).
Between 2019 and 2020, the fastest growing importers of Coated Flat-Rolled Iron were Thailand ($138M), Iraq ($54.2M), Saudi Arabia ($53.5M), Nigeria ($50.3M), and Argentina ($45.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Coated Flat-Rolled Iron.
In 2020, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Coated Flat-Rolled Iron are explained by 20 countries.
TOP NET EXPORTER (2020): China, $10B
TOP NET IMPORTER (2020): United States, $2.25B
This map shows which countries export or import more of Coated Flat-Rolled Iron. Each country is colored based on the difference in exports and imports of Coated Flat-Rolled Iron during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Coated Flat-Rolled Iron were China ($10B), South Korea ($3.97B), Japan ($1.48B), Belgium ($1.22B), and Chinese Taipei ($1.04B).
In 2020, the countries that had a largest trade value in imports than in exports of Coated Flat-Rolled Iron were United States ($2.25B), Thailand ($1.95B), Poland ($1.44B), Mexico ($1.34B), and Philippines ($969M).
In 2020, the world most traded Coated Flat-Rolled Iron, disaggragated by their HS6 level were Flat rolled iron or non-alloy steel,... ($18.5B), Flat rolled iron or non-alloy steel,... ($11.5B), Flat rolled iron or non-alloy steel,... ($4.98B), Flat rolled iron or non-alloy steel,... ($3.3B), and Flat rolled iron or non-alloy steel,... ($2.07B)
This visualization shows the countries that have an important ratio of their trade related to Coated Flat-Rolled Iron. It is possible to select the main countries that export or import Coated Flat-Rolled Iron in the world, or by continent, as well as select the measure of interest.
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.
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