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720510 (Harmonized System 1992 for 6-digit)

2023
World Trade $616MRnk 2635 / 4644
2023
Top Exporter | Top Importer $116M | $42.8MGermany | Malaysia
2023
Product Complexity -0.17Rnk 2787 / 4656
2022 - 2023
Export Growth (CAGR) -18.2%Rnk 3538 / 4644
2023
Share of World Trade 0.0027%Rnk 2635 / 4644

About

Overview This page contains the latest trade data of Granules of pig iron or spiegeleisen. In 2023, Granules of pig iron or spiegeleisen were the world's 2635th most traded product, with a total trade of $616M. Between 2022 and 2023 the exports of Granules of pig iron or spiegeleisen decreased by -18.2%, from $753M to $616M. Trade in Granules of pig iron or spiegeleisen represent 0.0027% of total world trade.

Granules of pig iron or spiegeleisen are a part of Iron Powder.

Exports In 2023 the top exporters of Granules of pig iron or spiegeleisen  were Germany ($116M), China ($111M), France ($73.3M), United States ($35.4M), and Thailand ($33.6M).

Imports In 2023 the top importers of Granules of pig iron or spiegeleisen were Malaysia ($42.8M), Germany ($42M), Mexico ($36.9M), Italy ($36.5M), and India ($35.2M).

Ranking Granules of pig iron or spiegeleisen ranks 2787th in the Product Complexity Index (PCI).

Description Granules of pig iron or spiegeleisen are used in the production of steel. They are added to molten pig iron to lower the carbon content and make the resultant steel more malleable.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Granules of pig iron or spiegeleisen. 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)Germany$116M
Top Destination (2023)Malaysia$42.8M

In 2023 Granules of pig iron or spiegeleisen were the world's 2635th most traded product (out of 4,644).

In 2023, the top exporters of Granules of pig iron or spiegeleisen were Germany ($116M), China ($111M), France ($73.3M), United States ($35.4M), and Thailand ($33.6M).

In 2023, the top importers of Granules of pig iron or spiegeleisen were Malaysia ($42.8M), Germany ($42M), Mexico ($36.9M), Italy ($36.5M), and India ($35.2M).

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Exporters of Granules of pig iron or spiegeleisen (2023)
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Importers of Granules of pig iron or spiegeleisen (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$22.6M
Top Destination Growth (2022 -  2023)Philippines$7.06M

Between 2022 and 2023, the exports of Granules of pig iron or spiegeleisen grew the fastest in China ($22.6M), Japan ($6.36M), Saudi Arabia ($4.78M), Turkey ($3.78M), and Egypt ($2.34M).

Between 2022 and 2023, the fastest growing importers of Granules of pig iron or spiegeleisen were Philippines ($7.06M), Germany ($6.27M), Switzerland ($3.37M), India ($2.43M), and Sweden ($2.15M).

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Exporters of Granules of pig iron or spiegeleisen (2022 - 2023)

Importers of Granules of pig iron or spiegeleisen (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Granules of pig iron or spiegeleisen.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Granules of pig iron or spiegeleisen are explained by 17 countries.

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Value of Exports in Granules of pig iron or spiegeleisen

Net Trade

TOP NET EXPORTER (2023)China$88.8M
TOP NET IMPORTER (2023)Malaysia$40.6M

This map shows which countries export or import more of Granules of pig iron or spiegeleisen. Each country is colored based on the difference in exports and imports of Granules of pig iron or spiegeleisen during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Granules of pig iron or spiegeleisen were China ($88.8M), Germany ($74.1M), France ($54.7M), Thailand ($27.8M), and Japan ($21.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Granules of pig iron or spiegeleisen were Malaysia ($40.6M), Mexico ($36.6M), India ($33.8M), Italy ($29.6M), and Poland ($21.5M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Granules of pig iron or spiegeleisen 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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