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721339 (Harmonized System 1992 for 6-digit)

2023
World Trade $943MRnk 2176 / 4644
2023
Top Exporter | Top Importer $166M | $110MJapan | South Korea
2023
Product Complexity 0.026Rnk 2507 / 4656
2022 - 2023
Export Growth (CAGR) -21%Rnk 3761 / 4644
2023
Share of World Trade 0.0042%Rnk 2176 / 4644

About

Overview This page contains the latest trade data of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes. In 2023, Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were the world's 2176th most traded product, with a total trade of $943M. Between 2022 and 2023 the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes decreased by -21%, from $1.19B to $943M. Trade in Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes represent 0.0042% of total world trade.

Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes are a part of Hot-Rolled Iron Bars.

Exports In 2023 the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes  were Japan ($166M), China ($161M), Egypt ($114M), Czechia ($60.2M), and Germany ($59M).

Imports In 2023 the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were South Korea ($110M), Thailand ($94.5M), United States ($78.2M), Italy ($56.1M), and Germany ($53M).

Ranking Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes ranks 2507th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes. 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)Japan$166M
Top Destination (2023)South Korea$110M

In 2023 Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were the world's 2176th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were Japan ($166M), China ($161M), Egypt ($114M), Czechia ($60.2M), and Germany ($59M).

In 2023, the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were South Korea ($110M), Thailand ($94.5M), United States ($78.2M), Italy ($56.1M), and Germany ($53M).

Explore Visualizations

Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2023)
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Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$58.3M
Top Destination Growth (2022 -  2023)Turkey$27.4M

Between 2022 and 2023, the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes grew the fastest in China ($58.3M), Malaysia ($18.2M), South Africa ($5.26M), Singapore ($2.07M), and Hong Kong ($1.35M).

Between 2022 and 2023, the fastest growing importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were Turkey ($27.4M), Cambodia ($7.34M), Jordan ($5.95M), Sudan ($5.15M), and Algeria ($5.15M).

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Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2022 - 2023)

Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes are explained by 16 countries.

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Value of Exports in Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes

Net Trade

TOP NET EXPORTER (2023)Japan$150M
TOP NET IMPORTER (2023)Thailand$90.2M

This map shows which countries export or import more of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were Japan ($150M), China ($121M), Egypt ($112M), Czechia ($52.8M), and Canada ($30.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were Thailand ($90.2M), United States ($64.3M), South Korea ($63.5M), Saudi Arabia ($37.8M), and Turkey ($36.8M).

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, iron or non-alloy steel, coiled, C<.25%, nes.
It is possible to select the main countries that export or import Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes 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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