Hot-Rolled Iron Bars7213 (Harmonized System 1992 for 4-digit)
2020 World Trade: $11B, Rnk 291 / 1217
2020 Top Exporter | Top Importer: $1.33B | $796M, Malaysia | China
2020 Product Complexity: 0.038, Rnk 541 / 1028
2019 - 2020 Export Growth (CAGR): -5.22%, Rnk 527 / 1217
2018 Mean Tariff: 7.17%, Rnk 608 / 1259
2020 Share of World Trade: 0.065%, Rnk 291 / 1217
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.
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 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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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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