HS Icon Flat Flat-Rolled Steel

Alloy steel flat-rolled products, of a width 600mm or more

7225 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Flat Flat-Rolled Steel. In 2021, Flat Flat-Rolled Steel were the world's 115th most traded product, with a total trade of $38.7B. Between 2020 and 2021 the exports of Flat Flat-Rolled Steel grew by 58.5%, from $24.4B to $38.7B. Trade in Flat Flat-Rolled Steel represent 0.0018% of total world trade.

Flat Flat-Rolled Steel are a part of Iron & steel. They include Flat rolled alloy-steel, width >600mm, nes, Hot rolled alloy-steel, coils width >600mm, nes, Hot rolled alloy-steel, not in coil width >600mm, nes, Flat rolled silicon-electrical steel, width >600mm, Cold rolled alloy-steel, width >600mm, nes, and Flat rolled high speed steel width >600mm.

Exports In 2021 the top exporters of Flat Flat-Rolled Steel  were China ($9.35B), Japan ($5.58B), Germany ($3.29B), South Korea ($2.76B), and France ($2.28B).

Imports In 2021 the top importers of Flat Flat-Rolled Steel were China ($2.66B), Mexico ($2.41B), Germany ($2.31B), Vietnam ($2.25B), and Thailand ($2.07B).

Tariffs In 2018 the average tariff for Flat Flat-Rolled Steel was 4.83%, making it the 855th lowest tariff using the HS4 product classification.

Ranking Flat Flat-Rolled Steel ranks 77th in the Product Complexity Index (PCI).

Description Flat-rolled products of alloy steel other than stainless are used in the production of other goods. They can be made from a variety of materials, including copper, nickel, and chromium.

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Flat Flat-Rolled Steel. 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.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2021): China, $9.35B

Top Destination (2021): China, $2.66B

Flat Flat-Rolled Steel are the world's 115th most traded product.

In 2021, the top exporters of Flat Flat-Rolled Steel were China ($9.35B), Japan ($5.58B), Germany ($3.29B), South Korea ($2.76B), and France ($2.28B).

In 2021, the top importers of Flat Flat-Rolled Steel were China ($2.66B), Mexico ($2.41B), Germany ($2.31B), Vietnam ($2.25B), and Thailand ($2.07B).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Color

Top Origin Growth (2020 -  2021): China, $3.72B

Top Destination Growth (2020 -  2021): Vietnam, $985M

Between 2020 and 2021, the exports of Flat Flat-Rolled Steel grew the fastest in China ($3.72B), Japan ($2.2B), Germany ($908M), South Korea ($906M), and France ($828M).

Between 2020 and 2021, the fastest growing importers of Flat Flat-Rolled Steel were Vietnam ($985M), Mexico ($974M), Thailand ($964M), Italy ($836M), and Turkey ($777M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Flat Flat-Rolled Steel.

In 2021, market concentration measured using Shannon Entropy, was 3.93. This means that most of the exports of Flat Flat-Rolled Steel are explained by 15 countries.

Explore Visualizations

TOP NET EXPORTER (2021): China, $6.69B

TOP NET IMPORTER (2021): Mexico, $2.4B

This map shows which countries export or import more of Flat Flat-Rolled Steel. Each country is colored based on the difference in exports and imports of Flat Flat-Rolled Steel during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Flat Flat-Rolled Steel were China ($6.69B), Japan ($5.27B), Austria ($1.62B), France ($1.49B), and South Korea ($1.38B).

In 2021, the countries that had a largest trade value in imports than in exports of Flat Flat-Rolled Steel were Mexico ($2.4B), Vietnam ($2.04B), Thailand ($2.02B), Italy ($1.55B), and Turkey ($1.42B).

Disaggregation

#permalink to section
Value

In 2021, the world most traded Flat Flat-Rolled Steel, disaggragated by their HS6 level were Flat rolled alloy-steel, width >600mm, nes ($11.1B), Hot rolled alloy-steel, coils width >600mm,... ($10.9B), Hot rolled alloy-steel, not in coil... ($6.3B), Flat rolled silicon-electrical steel, width >600mm ($5.94B), and Cold rolled alloy-steel, width >600mm, nes ($4.35B)

Country Comparison

#permalink to section
Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Flat Flat-Rolled Steel.
It is possible to select the main countries that export or import Flat Flat-Rolled Steel in the world, or by continent, as well as select the measure of interest.

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.

Country by Relatedness

#permalink to section

The following visualization shows the relatedness of Flat Flat-Rolled Steel to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.