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720842 (Harmonized System 1992 for 6-digit)

2022
World Trade $17BRnk 202 / 4648
2022
Top Exporter | Top Importer $2.81B | $1.45BChina | South Korea
2022
Product Complexity 0.8Rnk 1108 / 4653
2021 - 2022
Export Growth (CAGR) 28.8%Rnk 449 / 4648
2022
Share of World Trade 0.072%Rnk 202 / 4648

About

Overview This page contains the latest trade data of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes. In 2022, Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were the world's 202nd most traded product, with a total trade of $17B. Between 2021 and 2022 the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes grew by 28.8%, from $13.2B to $17B. Trade in Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes represent 0.072% 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 2022 the top exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes  were China ($2.81B), Japan ($2.29B), South Korea ($2.08B), Italy ($1.31B), and Germany ($871M).

Imports In 2022 the top importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were South Korea ($1.45B), Germany ($1.21B), China ($925M), Vietnam ($734M), and Turkey ($680M).

Ranking Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes ranks 1108th in the Product Complexity Index (PCI).

Description -

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 (2022)China$2.81B
Top Destination (2022)South Korea$1.45B

In 2022 Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were the world's 202nd most traded product (out of 4,648).

In 2022, the top exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were China ($2.81B), Japan ($2.29B), South Korea ($2.08B), Italy ($1.31B), and Germany ($871M).

In 2022, the top importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were South Korea ($1.45B), Germany ($1.21B), China ($925M), Vietnam ($734M), and Turkey ($680M).

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

Color
Top Origin Growth (2021 -  2022)China$1.9B
Top Destination Growth (2021 -  2022)South Korea$558M

Between 2021 and 2022, the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes grew the fastest in China ($1.9B), Japan ($370M), South Korea ($327M), Italy ($237M), and Germany ($190M).

Between 2021 and 2022, the fastest growing importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes were South Korea ($558M), Mexico ($213M), Turkey ($205M), Saudi Arabia ($187M), and Vietnam ($181M).

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Exporters of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes (2021 - 2022)

Importers of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes (2021 - 2022)

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 2022, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes are explained by 20 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 (2022)Japan$1.97B
TOP NET IMPORTER (2022)Vietnam$718M

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 2022.

In 2022, 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 Japan ($1.97B), China ($1.88B), Italy ($1B), South Korea ($622M), and United States ($304M).

In 2022, 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 Vietnam ($718M), Mexico ($624M), Turkey ($476M), Poland ($404M), and Canada ($368M).

Net Trade (2022)

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 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 (2022)

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