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Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes

720842 (Harmonized System 1992 for 6-digit)

2023
World Trade $16.6BRnk 199 / 4644
2023
Top Exporter | Top Importer $4.25B | $1.45BChina | South Korea
2023
Product Complexity 0.8Rnk 1114 / 4656
2022 - 2023
Export Growth (CAGR) 2.55%Rnk 1276 / 4644
2023
Share of World Trade 0.074%Rnk 199 / 4644

About

Overview This page contains the latest trade data of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes. In 2023, Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were the world's 199th most traded product, with a total trade of $16.6B. Between 2022 and 2023 the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes grew by 2.55%, from $16.2B to $16.6B. Trade in Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes represent 0.074% of total world trade.

Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes are a part of Hot-Rolled Iron.

Exports In 2023 the top exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes  were China ($4.25B), South Korea ($2.09B), Japan ($1.93B), Italy ($1.18B), and United States ($771M).

Imports In 2023 the top importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were South Korea ($1.45B), Germany ($1.01B), Mexico ($1B), China ($843M), and Turkey ($716M).

Ranking Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes ranks 1114th 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, flat,width >600mm, t >10mm, 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$4.25B
Top Destination (2023)South Korea$1.45B

In 2023 Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were the world's 199th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were China ($4.25B), South Korea ($2.09B), Japan ($1.93B), Italy ($1.18B), and United States ($771M).

In 2023, the top importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were South Korea ($1.45B), Germany ($1.01B), Mexico ($1B), China ($843M), and Turkey ($716M).

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Exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes (2023)
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Importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.81B
Top Destination Growth (2022 -  2023)Saudi Arabia$411M

Between 2022 and 2023, the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes grew the fastest in China ($1.81B), South Korea ($79.8M), Austria ($75.1M), Brazil ($33.1M), and Canada ($23.3M).

Between 2022 and 2023, the fastest growing importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were Saudi Arabia ($411M), Mexico ($362M), United Arab Emirates ($180M), India ($163M), and Ukraine ($73.2M).

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Exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes (2022 - 2023)

Importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, 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, flat,width >600mm, t >10mm, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes are explained by 16 countries.

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Value of Exports in Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes

Net Trade

TOP NET EXPORTER (2023)China$3.4B
TOP NET IMPORTER (2023)Mexico$983M

This map shows which countries export or import more of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes. Each country is colored based on the difference in exports and imports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, 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, flat,width >600mm, t >10mm, nes were China ($3.4B), Japan ($1.61B), Italy ($865M), South Korea ($642M), and Austria ($324M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were Mexico ($983M), Saudi Arabia ($710M), United Arab Emirates ($641M), Vietnam ($616M), and Poland ($551M).

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, flat,width >600mm, t >10mm, nes.
It is possible to select the main countries that export or import Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, 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, flat,width >600mm, t >10mm, 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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