Hot-Rolled Iron BarsIron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils
7213 (Harmonized System 1992 for 4-digit)
2021 World Trade: $19.1B, Rnk 223 / 1217
2021 Top Exporter | Top Importer: $1.55B | $1.23B, Germany | Israel
2021 Product Complexity: -0.38, Rnk 672 / 1024
2020 - 2021 Export Growth (CAGR): 73.3%, Rnk 29 / 1217
2018 Mean Tariff: 7.17%, Rnk 608 / 1259
2021 Share of World Trade: 0.00091%, Rnk 223 / 1217
Overview This page contains the latest trade data of Hot-Rolled Iron Bars. In 2021, Hot-Rolled Iron Bars were the world's 223rd most traded product, with a total trade of $19.1B. Between 2020 and 2021 the exports of Hot-Rolled Iron Bars grew by 73.3%, from $11B to $19.1B. Trade in Hot-Rolled Iron Bars represent 0.00091% of total world trade.
Hot-Rolled Iron Bars are a part of Iron & steel. They include Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%, Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils, Hot rolled bar/rod, irregular coils,free cutting stee, Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes, Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes, Hot rolled bar/rod, iron or non-alloy steel, coiled w <14mm, C .25-.6%, and Hot rolled bar/rod, iron or non-alloy steel, coiled, C 0.25-0.6%.
Exports In 2021 the top exporters of Hot-Rolled Iron Bars were Germany ($1.55B), Malaysia ($1.37B), Russia ($1.16B), Italy ($1.07B), and Turkey ($1.05B).
Imports In 2021 the top importers of Hot-Rolled Iron Bars were Israel ($1.23B), United States ($906M), Germany ($897M), China ($892M), and Netherlands ($740M).
Tariffs In 2018 the average tariff for Hot-Rolled Iron Bars was 7.17%, making it the 608th lowest tariff using the HS4 product classification.
Ranking Hot-Rolled Iron Bars ranks 672nd in the Product Complexity Index (PCI).
Description Bars and rods of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including cast iron, mild steel, stainless steel, and carbon steel.
The following visualization shows the latest trends on Hot-Rolled Iron Bars. 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.
Trade By Country
Hot-Rolled Iron Bars are the world's 223rd most traded product.
In 2021, the top exporters of Hot-Rolled Iron Bars were Germany ($1.55B), Malaysia ($1.37B), Russia ($1.16B), Italy ($1.07B), and Turkey ($1.05B).
In 2021, the top importers of Hot-Rolled Iron Bars were Israel ($1.23B), United States ($906M), Germany ($897M), China ($892M), and Netherlands ($740M).
Trade by country
Between 2020 and 2021, the exports of Hot-Rolled Iron Bars grew the fastest in Russia ($699M), Germany ($656M), Italy ($518M), India ($501M), and Greece ($425M).
Between 2020 and 2021, the fastest growing importers of Hot-Rolled Iron Bars were Israel ($594M), United States ($482M), Germany ($468M), South Korea ($423M), and Italy ($340M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Hot-Rolled Iron Bars.
In 2021, market concentration measured using Shannon Entropy, was 5.06. This means that most of the exports of Hot-Rolled Iron Bars are explained by 33 countries.
This map shows which countries export or import more of Hot-Rolled Iron Bars. Each country is colored based on the difference in exports and imports of Hot-Rolled Iron Bars during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron Bars were Russia ($1.14B), Malaysia ($1.09B), Turkey ($696M), India ($662M), and Germany ($657M).
In 2021, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron Bars were Israel ($1.22B), United States ($808M), Netherlands ($671M), Thailand ($576M), and Romania ($573M).
In 2021, the world most traded Hot-Rolled Iron Bars, disaggragated by their HS6 level were Hot rolled bar/rod, iron or non-alloy... ($12.8B), Hot rolled bar/rod grooved iron or... ($4.09B), Hot rolled bar/rod, iron or non-alloy... ($1.12B), Hot rolled bar/rod, irregular coils,free cutting... ($1.08B), and Bar/rod, iron or non-alloy steel, irregular... ($990)
This visualization shows the countries that have an important ratio of their trade related to Hot-Rolled Iron Bars. It is possible to select the main countries that export or import Hot-Rolled Iron Bars in the world, or by continent, as well as select the measure of interest.
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.
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