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Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes

720823 (Harmonized System 1992 for 6-digit)

2023
World Trade $11.9BRnk 298 / 4644
2023
Top Exporter | Top Importer $2.68B | $1.5BChina | Italy
2023
Product Complexity 0.095Rnk 2393 / 4656
2022 - 2023
Export Growth (CAGR) -6.98%Rnk 2345 / 4644
2023
Share of World Trade 0.053%Rnk 298 / 4644

About

Overview This page contains the latest trade data of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes. In 2023, Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were the world's 298th most traded product, with a total trade of $11.9B. Between 2022 and 2023 the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes decreased by -6.98%, from $12.8B to $11.9B. Trade in Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes represent 0.053% of total world trade.

Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes are a part of Hot-Rolled Iron.

Exports In 2023 the top exporters of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes  were China ($2.68B), Japan ($1.94B), South Korea ($1.16B), Belgium ($634M), and Germany ($536M).

Imports In 2023 the top importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were Italy ($1.5B), Vietnam ($1.27B), Turkey ($895M), Thailand ($672M), and Spain ($605M).

Ranking Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes ranks 2393rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes. 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)China$2.68B
Top Destination (2023)Italy$1.5B

In 2023 Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were the world's 298th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were China ($2.68B), Japan ($1.94B), South Korea ($1.16B), Belgium ($634M), and Germany ($536M).

In 2023, the top importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were Italy ($1.5B), Vietnam ($1.27B), Turkey ($895M), Thailand ($672M), and Spain ($605M).

Explore Visualizations

Exporters of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes (2023)
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Importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.43B
Top Destination Growth (2022 -  2023)Vietnam$520M

Between 2022 and 2023, the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes grew the fastest in China ($1.43B), Vietnam ($170M), United States ($58.9M), Egypt ($24.8M), and Belgium ($20.4M).

Between 2022 and 2023, the fastest growing importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were Vietnam ($520M), Mexico ($120M), South Korea ($75.7M), India ($61.9M), and Japan ($28.4M).

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Exporters of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes (2022 - 2023)

Importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes are explained by 16 countries.

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Value of Exports in Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes

Net Trade

TOP NET EXPORTER (2023)China$2.42B
TOP NET IMPORTER (2023)Italy$1.42B

This map shows which countries export or import more of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes. Each country is colored based on the difference in exports and imports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were China ($2.42B), Japan ($1.69B), South Korea ($611M), Belgium ($515M), and Chinese Taipei ($428M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes were Italy ($1.42B), Vietnam ($786M), Turkey ($735M), Thailand ($671M), and Spain ($566M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes.
It is possible to select the main countries that export or import Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes 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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