HS Icon Hot-Rolled Iron Bars

7213 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hot-Rolled Iron Bars. In 2020, Hot-Rolled Iron Bars were the world's 291st most traded product, with a total trade of $11B. Between 2019 and 2020 the exports of Hot-Rolled Iron Bars decreased by -5.22%, from $11.6B to $11B. Trade in Hot-Rolled Iron Bars represent 0.065% 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 2020 the top exporters of Hot-Rolled Iron Bars  were Malaysia ($1.33B), Germany ($897M), Turkey ($632M), Spain ($565M), and Italy ($548M).

Imports In 2020 the top importers of Hot-Rolled Iron Bars were China ($796M), Israel ($639M), Netherlands ($497M), Philippines ($455M), and Germany ($429M).

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 541st 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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Malaysia, $1.33B

Top Destination (2020): China, $796M

Hot-Rolled Iron Bars are the world's 291st most traded product.

In 2020, the top exporters of Hot-Rolled Iron Bars were Malaysia ($1.33B), Germany ($897M), Turkey ($632M), Spain ($565M), and Italy ($548M).

In 2020, the top importers of Hot-Rolled Iron Bars were China ($796M), Israel ($639M), Netherlands ($497M), Philippines ($455M), and Germany ($429M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Malaysia, $772M

Top Destination Growth (2019 - 2020): China, $573M

Between 2019 and 2020, the exports of Hot-Rolled Iron Bars grew the fastest in Malaysia ($772M), Vietnam ($241M), Switzerland ($172M), Indonesia ($143M), and Singapore ($43.5M).

Between 2019 and 2020, the fastest growing importers of Hot-Rolled Iron Bars were China ($573M), Philippines ($226M), Israel ($205M), Burma ($80M), and Cambodia ($78.2M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.95. This means that most of the exports of Hot-Rolled Iron Bars are explained by 30 countries.

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TOP NET EXPORTER (2020): Malaysia, $1.17B

TOP NET IMPORTER (2020): Israel, $632M

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron Bars were Malaysia ($1.17B), Turkey ($471M), Germany ($468M), Russia ($459M), and Spain ($351M).

In 2020, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron Bars were Israel ($632M), China ($518M), Netherlands ($460M), Philippines ($455M), and Romania ($371M).

Disaggregation

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Value

In 2020, the world most traded Hot-Rolled Iron Bars, disaggragated by their HS6 level were Hot rolled bar/rod, iron or non-alloy... ($7.4B), Hot rolled bar/rod grooved iron or... ($2.31B), Hot rolled bar/rod, iron or non-alloy... ($760M), and Hot rolled bar/rod, irregular coils,free cutting... ($490M)

Country Comparison

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Measure
Ranking

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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