HS Icon Flat Flat-Rolled Steel

7225 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Flat Flat-Rolled Steel. In 2020, Flat Flat-Rolled Steel were the world's 150th most traded product, with a total trade of $24.4B. Between 2019 and 2020 the exports of Flat Flat-Rolled Steel decreased by -20.5%, from $30.7B to $24.4B. Trade in Flat Flat-Rolled Steel represent 0.15% of total world trade.

Flat Flat-Rolled Steel are a part of Iron and 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 2020 the top exporters of Flat Flat-Rolled Steel  were China ($5.66B), Japan ($3.38B), Germany ($2.38B), South Korea ($1.86B), and France ($1.45B).

Imports In 2020 the top importers of Flat Flat-Rolled Steel were China ($2.07B), Germany ($1.64B), Mexico ($1.44B), Vietnam ($1.27B), and Thailand ($1.1B).

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.

The countries with the highest import tariffs for Flat Flat-Rolled Steel are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Indonesia (0%).

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.

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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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): China, $5.66B

Top Destination (2020): China, $2.07B

Flat Flat-Rolled Steel are the world's 150th most traded product.

In 2020, the top exporters of Flat Flat-Rolled Steel were China ($5.66B), Japan ($3.38B), Germany ($2.38B), South Korea ($1.86B), and France ($1.45B).

In 2020, the top importers of Flat Flat-Rolled Steel were China ($2.07B), Germany ($1.64B), Mexico ($1.44B), Vietnam ($1.27B), and Thailand ($1.1B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Romania, $9.47M

Top Destination Growth (2019 - 2020): Kenya, $69.8M

Between 2019 and 2020, the exports of Flat Flat-Rolled Steel grew the fastest in Romania ($9.47M), Egypt ($4.56M), Denmark ($4.15M), Serbia ($2.5M), and Pakistan ($2.3M).

Between 2019 and 2020, the fastest growing importers of Flat Flat-Rolled Steel were Kenya ($69.8M), Egypt ($59.9M), Sri Lanka ($57.6M), Morocco ($34.1M), and Pakistan ($33.8M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 3.9. This means that most of the exports of Flat Flat-Rolled Steel are explained by 14 countries.

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TOP NET EXPORTER (2020): China, $3.59B

TOP NET IMPORTER (2020): Mexico, $1.43B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Flat Flat-Rolled Steel were China ($3.59B), Japan ($3.16B), Austria ($1.16B), South Korea ($992M), and France ($904M).

In 2020, the countries that had a largest trade value in imports than in exports of Flat Flat-Rolled Steel were Mexico ($1.43B), Vietnam ($1.17B), Thailand ($1.08B), India ($844M), and Turkey ($830M).

Disaggregation

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Value

In 2019, the world most traded Flat Flat-Rolled Steel, disaggragated by their HS6 level were Flat rolled alloy-steel, width >600mm, nes ($7.84B), Hot rolled alloy-steel, coils width >600mm,... ($5.91B), Hot rolled alloy-steel, not in coil... ($4.79B), Flat rolled silicon-electrical steel, width >600mm ($3.33B), and Cold rolled alloy-steel, width >600mm, nes ($2.53B)

Country Comparison

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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.

Import Tariffs

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In 2018, the average tariff for importing Flat Flat-Rolled Steel was 4.83%. The countries with the highest tariffs for importing Flat Flat-Rolled Steel were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%).

Product Complexity

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Diversification Frontier

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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

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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.