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Iron or non-alloy steel; flat-rolled products of a width of 600mm or more, hot-rolled, not clad, plated or coated

7208 (Harmonized System 1992 for 4-digit)

2021
World Trade $73.6BRnk 47 / 1217
2021
Top Exporter | Top Importer $10.9B | $5.65BJapan | Italy
2021
Product Complexity 0.48Rnk 379 / 1024
2020 - 2021
Export Growth (CAGR) 72.4%Rnk 32 / 1217
2018
Mean Tariff 4.96%Rnk 839 / 1259
2021
Share of World Trade 0.35%Rnk 47 / 1217

About

Overview This page contains the latest trade data of Hot-Rolled Iron. In 2021, Hot-Rolled Iron were the world's 47th most traded product, with a total trade of $73.6B. Between 2020 and 2021 the exports of Hot-Rolled Iron grew by 72.4%, from $42.7B to $73.6B. Trade in Hot-Rolled Iron represent 0.35% of total world trade.

Hot-Rolled Iron are a part of Iron & steel. They include Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne, Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t 4.75-10mm, nes, Hot rolled iron or non-alloy steel, flat,width >600mm, t 4.75-10mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t >10mm, nes, Hot rolled iron or non-alloy steel, width >600mm, nes, Hot rolled iron or non-alloy steel, flat,width >600mm, t 3.0-4.75mm, ne, Hot rolled iron or non-alloy steel, flat,width >600mm, t <3mm, nes, and Hot rolled iron or non-alloy steel, coil,w >600mm, t <3mm, myp 275..., among others.

Exports In 2021 the top exporters of Hot-Rolled Iron  were Japan ($10.9B), South Korea ($6.18B), Russia ($5.38B), India ($5.23B), and China ($3.76B).

Imports In 2021 the top importers of Hot-Rolled Iron were Italy ($5.65B), Vietnam ($4.43B), United States ($4.41B), Turkey ($4.03B), and Germany ($3.86B).

Tariffs In 2018 the average tariff for Hot-Rolled Iron was 4.96%, making it the 839th lowest tariff using the HS4 product classification.

Ranking Hot-Rolled Iron ranks 379th in the Product Complexity Index (PCI).

Description Flat-rolled products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Hot-Rolled Iron. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Exporters and Importers

Top Origin (2021)Japan$10.9B
Top Destination (2021)Italy$5.65B

In 2021 Hot-Rolled Iron were the world's 47th most traded product (out of 1,217).

In 2021, the top exporters of Hot-Rolled Iron were Japan ($10.9B), South Korea ($6.18B), Russia ($5.38B), India ($5.23B), and China ($3.76B).

In 2021, the top importers of Hot-Rolled Iron were Italy ($5.65B), Vietnam ($4.43B), United States ($4.41B), Turkey ($4.03B), and Germany ($3.86B).

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Exporters of Hot-Rolled Iron (2021)
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Importers of Hot-Rolled Iron (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Japan$4.12B
Top Destination Growth (2020 -  2021)Italy$3.29B

Between 2020 and 2021, the exports of Hot-Rolled Iron grew the fastest in Japan ($4.12B), Russia ($2.72B), China ($2.6B), India ($2.13B), and Ukraine ($1.84B).

Between 2020 and 2021, the fastest growing importers of Hot-Rolled Iron were Italy ($3.29B), United States ($3.2B), Turkey ($2.18B), Germany ($1.84B), and Poland ($1.41B).

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Exporters of Hot-Rolled Iron (2020 - 2021)

Importers of Hot-Rolled Iron (2020 - 2021)

Market Concentration

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Hot-Rolled Iron.

In 2021, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Hot-Rolled Iron are explained by 26 countries.

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Value of Exports in Hot-Rolled Iron

Net Trade

TOP NET EXPORTER (2021)Japan$9.64B
TOP NET IMPORTER (2021)Italy$3.72B

This map shows which countries export or import more of Hot-Rolled Iron. Each country is colored based on the difference in exports and imports of Hot-Rolled Iron during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron were Japan ($9.64B), Russia ($4.43B), India ($4.36B), Ukraine ($3.47B), and South Korea ($3.37B).

In 2021, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron were Italy ($3.72B), Vietnam ($3.23B), United States ($2.72B), Mexico ($2.34B), and Poland ($1.99B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Hot-Rolled Iron, disaggragated by their HS6 level were Hot rolled iron or non-alloy steel,... ($27.6B), Hot rolled iron or non-alloy steel,... ($14.2B), Hot rolled iron or non-alloy steel,... ($13.1B), Hot rolled iron or non-alloy steel,... ($8.35B), and Hot rolled iron or non-alloy steel,... ($5B)

HS6 Disaggregation for Hot-Rolled Iron (2021)
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Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Hot-Rolled Iron.
It is possible to select the main countries that export or import Hot-Rolled Iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot-Rolled Iron 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 (2021)

Related Products

This visualization shows products that are likely to be exported by countries that export Hot-Rolled Iron.

Country by Relatedness

The following visualization shows the relatedness of Hot-Rolled Iron to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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