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Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne

720824 (Harmonized System 1992 for 6-digit)

2023
World Trade $23.2BRnk 140 / 4644
2023
Top Exporter | Top Importer $5.81B | $2.36BChina | Vietnam
2023
Product Complexity 0.28Rnk 2066 / 4656
2022 - 2023
Export Growth (CAGR) -16.1%Rnk 3341 / 4644
2023
Share of World Trade 0.1%Rnk 140 / 4644

About

Overview This page contains the latest trade data of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne. In 2023, Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were the world's 140th most traded product, with a total trade of $23.2B. Between 2022 and 2023 the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne decreased by -16.1%, from $27.6B to $23.2B. Trade in Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne represent 0.1% of total world trade.

Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne 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 <3mm thick, ne  were China ($5.81B), Japan ($4.99B), South Korea ($1.64B), Chinese Taipei ($1.6B), and Belgium ($924M).

Imports In 2023 the top importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were Vietnam ($2.36B), Italy ($1.47B), Turkey ($1.43B), South Korea ($1.05B), and United States ($870M).

Ranking Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne ranks 2066th 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 <3mm thick, ne. 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$5.81B
Top Destination (2023)Vietnam$2.36B

In 2023 Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were the world's 140th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were China ($5.81B), Japan ($4.99B), South Korea ($1.64B), Chinese Taipei ($1.6B), and Belgium ($924M).

In 2023, the top importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were Vietnam ($2.36B), Italy ($1.47B), Turkey ($1.43B), South Korea ($1.05B), and United States ($870M).

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

Color
Top Origin Growth (2022 -  2023)China$1.39B
Top Destination Growth (2022 -  2023)India$325M

Between 2022 and 2023, the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne grew the fastest in China ($1.39B), Vietnam ($441M), United States ($162M), South Africa ($52M), and Egypt ($41.2M).

Between 2022 and 2023, the fastest growing importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne were India ($325M), Mexico ($249M), Brazil ($114M), Egypt ($75.5M), and Ethiopia ($64M).

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

Importers of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne (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 <3mm thick, ne.

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne are explained by 14 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$5.6B
TOP NET IMPORTER (2023)Vietnam$1.45B

This map shows which countries export or import more of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne. Each country is colored based on the difference in exports and imports of Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne 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 <3mm thick, ne were China ($5.6B), Japan ($4.42B), Chinese Taipei ($1.36B), Russia ($763M), and Belgium ($744M).

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 <3mm thick, ne were Vietnam ($1.45B), Italy ($1.28B), Turkey ($1.11B), Malaysia ($753M), and Spain ($719M).

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 <3mm thick, ne.
It is possible to select the main countries that export or import Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne 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 <3mm thick, ne 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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