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721320 (Harmonized System 1992 for 6-digit)

2023
World Trade $736MRnk 2447 / 4644
2023
Top Exporter | Top Importer $124M | $149MGermany | Italy
2023
Product Complexity -0.27Rnk 2936 / 4656
2022 - 2023
Export Growth (CAGR) -37.5%Rnk 4411 / 4644
2023
Share of World Trade 0.0033%Rnk 2447 / 4644

About

Overview This page contains the latest trade data of Hot rolled bar/rod, irregular coils,free cutting stee. In 2023, Hot rolled bar/rod, irregular coils,free cutting stee were the world's 2447th most traded product, with a total trade of $736M. Between 2022 and 2023 the exports of Hot rolled bar/rod, irregular coils,free cutting stee decreased by -37.5%, from $1.18B to $736M. Trade in Hot rolled bar/rod, irregular coils,free cutting stee represent 0.0033% of total world trade.

Hot rolled bar/rod, irregular coils,free cutting stee are a part of Hot-Rolled Iron Bars.

Exports In 2023 the top exporters of Hot rolled bar/rod, irregular coils,free cutting stee  were Germany ($124M), France ($109M), Spain ($91.9M), Switzerland ($88.5M), and China ($52M).

Imports In 2023 the top importers of Hot rolled bar/rod, irregular coils,free cutting stee were Italy ($149M), Germany ($95.8M), United States ($67.7M), Turkey ($56.2M), and Dominican Republic ($51.1M).

Ranking Hot rolled bar/rod, irregular coils,free cutting stee ranks 2936th in the Product Complexity Index (PCI).

Description Hot rolled bar/rod is typically used in construction and engineering, such as reinforcing steel and beams. Irregular coils are typically used in construction, such as reinforcing steel and beams. Free cutting steel is typically used in the industrial field, such as machine tools.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled bar/rod, irregular coils,free cutting stee. 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$124M
Top Destination (2023)Italy$149M

In 2023 Hot rolled bar/rod, irregular coils,free cutting stee were the world's 2447th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled bar/rod, irregular coils,free cutting stee were Germany ($124M), France ($109M), Spain ($91.9M), Switzerland ($88.5M), and China ($52M).

In 2023, the top importers of Hot rolled bar/rod, irregular coils,free cutting stee were Italy ($149M), Germany ($95.8M), United States ($67.7M), Turkey ($56.2M), and Dominican Republic ($51.1M).

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Exporters of Hot rolled bar/rod, irregular coils,free cutting stee (2023)
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Importers of Hot rolled bar/rod, irregular coils,free cutting stee (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Egypt$19.2M
Top Destination Growth (2022 -  2023)Philippines$8.18M

Between 2022 and 2023, the exports of Hot rolled bar/rod, irregular coils,free cutting stee grew the fastest in Egypt ($19.2M), China ($16.9M), Algeria ($7.03M), Ghana ($3.42M), and Saudi Arabia ($2.16M).

Between 2022 and 2023, the fastest growing importers of Hot rolled bar/rod, irregular coils,free cutting stee were Philippines ($8.18M), Lebanon ($2.07M), Peru ($1.92M), Mali ($1.48M), and Nicaragua ($1.35M).

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Exporters of Hot rolled bar/rod, irregular coils,free cutting stee (2022 - 2023)

Importers of Hot rolled bar/rod, irregular coils,free cutting stee (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled bar/rod, irregular coils,free cutting stee.

In 2023, market concentration measured using Shannon Entropy, was 3.95. This means that most of the exports of Hot rolled bar/rod, irregular coils,free cutting stee are explained by 15 countries.

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Value of Exports in Hot rolled bar/rod, irregular coils,free cutting stee

Net Trade

TOP NET EXPORTER (2023)France$100M
TOP NET IMPORTER (2023)Italy$134M

This map shows which countries export or import more of Hot rolled bar/rod, irregular coils,free cutting stee. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod, irregular coils,free cutting stee during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot rolled bar/rod, irregular coils,free cutting stee were France ($100M), Switzerland ($83.4M), Spain ($61.4M), Japan ($50M), and China ($41M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled bar/rod, irregular coils,free cutting stee were Italy ($134M), Dominican Republic ($51.1M), United States ($49.4M), Turkey ($47.2M), and Canada ($41.7M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Hot rolled bar/rod, irregular coils,free cutting stee 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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