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721310 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.47BRnk 1247 / 4644
2023
Top Exporter | Top Importer $346M | $428MItaly | Israel
2023
Product Complexity -0.68Rnk 3467 / 4656
2022 - 2023
Export Growth (CAGR) -31%Rnk 4253 / 4644
2023
Share of World Trade 0.011%Rnk 1247 / 4644

About

Overview This page contains the latest trade data of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils. In 2023, Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were the world's 1247th most traded product, with a total trade of $2.47B. Between 2022 and 2023 the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils decreased by -31%, from $3.57B to $2.47B. Trade in Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils represent 0.011% of total world trade.

Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils are a part of Hot-Rolled Iron Bars.

Exports In 2023 the top exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils  were Italy ($346M), Russia ($322M), Germany ($270M), Turkey ($207M), and Portugal ($183M).

Imports In 2023 the top importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Israel ($428M), Romania ($173M), Switzerland ($159M), Austria ($116M), and Australia ($107M).

Ranking Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils ranks 3467th in the Product Complexity Index (PCI).

Description Hot rolled bar/rod grooved iron or non-alloy steel is used in irregular coils for a variety of purposes, including boiler and heat exchanger tubing, oil pipes, and structural steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils. 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)Italy$346M
Top Destination (2023)Israel$428M

In 2023 Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were the world's 1247th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Italy ($346M), Russia ($322M), Germany ($270M), Turkey ($207M), and Portugal ($183M).

In 2023, the top importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Israel ($428M), Romania ($173M), Switzerland ($159M), Austria ($116M), and Australia ($107M).

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Exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2023)
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Importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Russia$314M
Top Destination Growth (2022 -  2023)Kuwait$40.9M

Between 2022 and 2023, the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils grew the fastest in Russia ($314M), Saudi Arabia ($77.3M), Singapore ($19.8M), Japan ($12.6M), and South Africa ($7.78M).

Between 2022 and 2023, the fastest growing importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Kuwait ($40.9M), Australia ($32M), Philippines ($16.6M), Laos ($13.9M), and Jamaica ($13M).

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Exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2022 - 2023)

Importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils.

In 2023, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils are explained by 21 countries.

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Value of Exports in Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils

Net Trade

TOP NET EXPORTER (2023)Italy$345M
TOP NET IMPORTER (2023)Romania$169M

This map shows which countries export or import more of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Italy ($345M), Russia ($322M), Germany ($211M), Turkey ($206M), and Portugal ($155M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Romania ($169M), Switzerland ($123M), Australia ($106M), Austria ($95.5M), and Kuwait ($68.5M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils.
It is possible to select the main countries that export or import Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils 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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