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

7225 (Harmonized System 1992 for 4-digit)

2023
World Trade $33.8BRnk 128 / 1217
2023
Top Exporter | Top Importer $5.49B | $2.59BChina | Mexico
2023
Product Complexity 1.25Rnk 90 / 1044
2022 - 2023
Export Growth (CAGR) -9.84%Rnk 740 / 1217
2023
Share of World Trade 0.15%Rnk 128 / 1217

About

Overview This page contains the latest trade data of Flat Flat-Rolled Steel. In 2023, Flat Flat-Rolled Steel were the world's 128th most traded product, with a total trade of $33.8B. Between 2022 and 2023 the exports of Flat Flat-Rolled Steel decreased by -9.84%, from $37.5B to $33.8B. Trade in Flat Flat-Rolled Steel represent 0.15% 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, not in coil width >600mm, nes, Hot rolled alloy-steel, coils 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 2023 the top exporters of Flat Flat-Rolled Steel  were China ($5.49B), Japan ($5.16B), Germany ($3.69B), France ($2.28B), and South Korea ($2.22B).

Imports In 2023 the top importers of Flat Flat-Rolled Steel were Mexico ($2.59B), Germany ($2.32B), Turkey ($2.18B), Italy ($1.94B), and United States ($1.87B).

Ranking Flat Flat-Rolled Steel ranks 90th 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.

Latest Trends

Latest Data

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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.

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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$5.49B
Top Destination (2023)Mexico$2.59B

In 2023 Flat Flat-Rolled Steel were the world's 128th most traded product (out of 1,217).

In 2023, the top exporters of Flat Flat-Rolled Steel were China ($5.49B), Japan ($5.16B), Germany ($3.69B), France ($2.28B), and South Korea ($2.22B).

In 2023, the top importers of Flat Flat-Rolled Steel were Mexico ($2.59B), Germany ($2.32B), Turkey ($2.18B), Italy ($1.94B), and United States ($1.87B).

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Exporters of Flat Flat-Rolled Steel (2023)
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Importers of Flat Flat-Rolled Steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$90.9M
Top Destination Growth (2022 -  2023)United Kingdom$101M

Between 2022 and 2023, the exports of Flat Flat-Rolled Steel grew the fastest in Austria ($90.9M), Belgium ($35.4M), Germany ($30M), Saudi Arabia ($23.1M), and El Salvador ($15.1M).

Between 2022 and 2023, the fastest growing importers of Flat Flat-Rolled Steel were United Kingdom ($101M), Germany ($76.2M), Czechia ($66.7M), Chinese Taipei ($61M), and Brazil ($43.7M).

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Exporters of Flat Flat-Rolled Steel (2022 - 2023)

Importers of Flat Flat-Rolled Steel (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Flat Flat-Rolled Steel are explained by 16 countries.

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Value of Exports in Flat Flat-Rolled Steel

Net Trade

TOP NET EXPORTER (2023)Japan$4.98B
TOP NET IMPORTER (2023)Mexico$2.58B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Flat Flat-Rolled Steel were Japan ($4.98B), China ($3.78B), Austria ($1.57B), South Korea ($1.53B), and France ($1.45B).

In 2023, the countries that had a largest trade value in imports than in exports of Flat Flat-Rolled Steel were Mexico ($2.58B), Turkey ($2.03B), Thailand ($1.79B), Italy ($1.76B), and India ($1.66B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Flat Flat-Rolled Steel, disaggragated by their HS6 level were Flat rolled alloy-steel, width >600mm, nes ($12.2B), Flat rolled silicon-electrical steel, width >600mm ($6.58B), Hot rolled alloy-steel, not in coil... ($5.97B), Hot rolled alloy-steel, coils width >600mm,... ($5.31B), and Cold rolled alloy-steel, width >600mm, nes ($3.8B)

HS6 Disaggregation for Flat Flat-Rolled Steel (2023)
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Country Comparison

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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.

Top 10 Exporters Countries of Flat Flat-Rolled Steel by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $74.3M
TOP IMPORT POTENTIALChina+ $29M

Flat Flat-Rolled Steel’s highest export potential is United States. With an export gap of $74.3M.  Flat Flat-Rolled Steel’s highest import potential is China with an import gap of $29M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Flat Flat-Rolled Steel.

Country by Relatedness

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.

Relative Relatedness by Country (2023)

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