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721339 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.11BRnk 2079 / 4648
2022
Top Exporter | Top Importer $178M | $134MJapan | South Korea
2022
Product Complexity 0.17Rnk 2240 / 4653
2021 - 2022
Export Growth (CAGR) -0.75%Rnk 3077 / 4648
2022
Share of World Trade 0.0047%Rnk 2079 / 4648

About

Overview This page contains the latest trade data of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes. In 2022, Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were the world's 2079th most traded product, with a total trade of $1.11B. Between 2021 and 2022 the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes decreased by -0.75%, from $1.12B to $1.11B. Trade in Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes represent 0.0047% 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 2022 the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes  were Japan ($178M), Egypt ($118M), China ($113M), Germany ($67M), and Czechia ($65.6M).

Imports In 2022 the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were South Korea ($134M), Thailand ($92.3M), United States ($83M), Italy ($76M), and Germany ($73.5M).

Ranking Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes ranks 2240th in the Product Complexity Index (PCI).

Description -

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 (2022)Japan$178M
Top Destination (2022)South Korea$134M

In 2022 Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were the world's 2079th most traded product (out of 4,648).

In 2022, the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were Japan ($178M), Egypt ($118M), China ($113M), Germany ($67M), and Czechia ($65.6M).

In 2022, the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were South Korea ($134M), Thailand ($92.3M), United States ($83M), Italy ($76M), and Germany ($73.5M).

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

Color
Top Origin Growth (2021 -  2022)China$63.1M
Top Destination Growth (2021 -  2022)South Korea$82.4M

Between 2021 and 2022, the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes grew the fastest in China ($63.1M), Japan ($14.4M), Poland ($11.3M), Oman ($9.93M), and Egypt ($9.83M).

Between 2021 and 2022, the fastest growing importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes were South Korea ($82.4M), Singapore ($14.3M), United Kingdom ($13.1M), Italy ($10.1M), and Indonesia ($9.15M).

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Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2021 - 2022)

Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes (2021 - 2022)

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 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes are explained by 20 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 (2022)Japan$161M
TOP NET IMPORTER (2022)Thailand$88.9M

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 2022.

In 2022, 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 ($161M), Egypt ($115M), China ($63.1M), Czechia ($44.3M), and Chinese Taipei ($35.3M).

In 2022, 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 ($88.9M), South Korea ($84.5M), United States ($64.6M), Saudi Arabia ($39M), and Italy ($30.3M).

Net Trade (2022)

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 (2022)

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