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Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355

721119 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.61BRnk 1620 / 4644
2023
Top Exporter | Top Importer $341M | $165MGermany | Germany
2023
Product Complexity 0.34Rnk 1967 / 4656
2022 - 2023
Export Growth (CAGR) -15.5%Rnk 3277 / 4644
2023
Share of World Trade 0.0071%Rnk 1620 / 4644

About

Overview This page contains the latest trade data of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355. In 2023, Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were the world's 1620th most traded product, with a total trade of $1.61B. Between 2022 and 2023 the exports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 decreased by -15.5%, from $1.9B to $1.61B. Trade in Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 represent 0.0071% of total world trade.

Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 are a part of Large Flat-Rolled Iron.

Exports In 2023 the top exporters of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355  were Germany ($341M), Italy ($153M), United States ($140M), China ($120M), and Belgium ($97.7M).

Imports In 2023 the top importers of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were Germany ($165M), Poland ($161M), United States ($145M), Czechia ($127M), and Austria ($118M).

Ranking Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 ranks 1967th in the Product Complexity Index (PCI).

Description There are a number of uses of hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355. These metals are commonly used to produce household items such as pots and pans. They are also used in manufacturing machinery, automobiles, and buildings.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355. 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)Germany$341M
Top Destination (2023)Germany$165M

In 2023 Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were the world's 1620th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were Germany ($341M), Italy ($153M), United States ($140M), China ($120M), and Belgium ($97.7M).

In 2023, the top importers of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were Germany ($165M), Poland ($161M), United States ($145M), Czechia ($127M), and Austria ($118M).

Explore Visualizations

Exporters of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 (2023)
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Importers of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$13.7M
Top Destination Growth (2022 -  2023)Poland$18.7M

Between 2022 and 2023, the exports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 grew the fastest in China ($13.7M), Uzbekistan ($6.29M), Finland ($5.14M), Portugal ($3.59M), and Lithuania ($2.86M).

Between 2022 and 2023, the fastest growing importers of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were Poland ($18.7M), Dominica ($15.6M), Tajikistan ($9.11M), Vietnam ($6.68M), and United Arab Emirates ($5.65M).

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Exporters of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 (2022 - 2023)

Importers of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355.

In 2023, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 are explained by 18 countries.

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Value of Exports in Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355

Net Trade

TOP NET EXPORTER (2023)Germany$176M
TOP NET IMPORTER (2023)Poland$133M

This map shows which countries export or import more of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355. Each country is colored based on the difference in exports and imports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 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, w <600mm, t<3mm myp275/t>3mm myp355 were Germany ($176M), Italy ($128M), China ($112M), Belgium ($86.3M), and Hungary ($60.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 were Poland ($133M), Czechia ($93.1M), France ($90.4M), Iraq ($47.8M), and Austria ($41.7M).

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, w <600mm, t<3mm myp275/t>3mm myp355.
It is possible to select the main countries that export or import Hot rolled iron or non-alloy steel, w <600mm, t<3mm myp275/t>3mm myp355 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, w <600mm, t<3mm myp275/t>3mm myp355 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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