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721331 (Harmonized System 1992 for 6-digit)

2022
World Trade $12.7BRnk 301 / 4648
2022
Top Exporter | Top Importer $1.39B | $1.1BChina | United States
2022
Product Complexity -0.67Rnk 3439 / 4653
2021 - 2022
Export Growth (CAGR) -1.02%Rnk 3119 / 4648
2022
Share of World Trade 0.054%Rnk 301 / 4648

About

Overview This page contains the latest trade data of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%. In 2022, Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were the world's 301st most traded product, with a total trade of $12.7B. Between 2021 and 2022 the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% decreased by -1.02%, from $12.8B to $12.7B. Trade in Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% represent 0.054% of total world trade.

Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% 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 width <14mm, C<.25%  were China ($1.39B), Malaysia ($1.37B), Germany ($931M), Czechia ($542M), and Japan ($534M).

Imports In 2022 the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($1.1B), Belgium ($676M), South Korea ($611M), Netherlands ($517M), and Germany ($509M).

Ranking Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% ranks 3439th 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 width <14mm, C<.25%. 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)China$1.39B
Top Destination (2022)United States$1.1B

In 2022 Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were the world's 301st most traded product (out of 4,648).

In 2022, the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were China ($1.39B), Malaysia ($1.37B), Germany ($931M), Czechia ($542M), and Japan ($534M).

In 2022, the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($1.1B), Belgium ($676M), South Korea ($611M), Netherlands ($517M), and Germany ($509M).

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Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2022)
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Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$917M
Top Destination Growth (2021 -  2022)United States$361M

Between 2021 and 2022, the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% grew the fastest in China ($917M), Malaysia ($309M), Poland ($113M), Brazil ($110M), and United Arab Emirates ($89.7M).

Between 2021 and 2022, the fastest growing importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($361M), Belgium ($280M), South Korea ($139M), Czechia ($101M), and Philippines ($90.2M).

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Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2021 - 2022)

Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (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 width <14mm, C<.25%.

In 2022, market concentration measured using Shannon Entropy, was 4.88. This means that most of the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% are explained by 29 countries.

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Value of Exports in Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%

Net Trade

TOP NET EXPORTER (2022)China$1.26B
TOP NET IMPORTER (2022)United States$1.09B

This map shows which countries export or import more of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% 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 width <14mm, C<.25% were China ($1.26B), Malaysia ($1.19B), Russia ($463M), Germany ($422M), and United Arab Emirates ($340M).

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 width <14mm, C<.25% were United States ($1.09B), Belgium ($503M), Netherlands ($465M), Philippines ($431M), and Thailand ($398M).

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 width <14mm, C<.25%.
It is possible to select the main countries that export or import Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% 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 width <14mm, C<.25% 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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