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Pricing

Iron or non-alloy steel; flat-rolled products of a width of 600mm or more, hot-rolled, not clad, plated or coated

7208 (Harmonized System 1992 for 4-digit)

2022
World Trade $77.1BRnk 47 / 1218
2022
Top Exporter | Top Importer $11.2B | $5.5BJapan | Italy
2022
Product Complexity 0.4Rnk 412 / 1033
2021 - 2022
Export Growth (CAGR) 3.49%Rnk 686 / 1218
2022
Share of World Trade 0.33%Rnk 47 / 1218

About

Overview This page contains the latest trade data of Hot-Rolled Iron. In 2022, Hot-Rolled Iron were the world's 47th most traded product, with a total trade of $77.1B. Between 2021 and 2022 the exports of Hot-Rolled Iron grew by 3.49%, from $74.5B to $77.1B. Trade in Hot-Rolled Iron represent 0.33% of total world trade.

Hot-Rolled Iron are a part of Iron & steel. They include Hot rolled iron or non-alloy steel, coil,width >600mm, t <3mm thick, ne, Hot rolled iron or non-alloy steel, flat,width >600mm, t >10mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t 3-4.75mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t 4.75-10mm, nes, Hot rolled iron or non-alloy steel, flat,width >600mm, t 4.75-10mm, nes, Hot rolled iron or non-alloy steel, coil,width >600mm, t >10mm, nes, Hot rolled iron or non-alloy steel, width >600mm, nes, Hot rolled iron or non-alloy steel, flat,width >600mm, t 3.0-4.75mm, ne, Hot rolled iron or non-alloy steel, flat,width >600mm, t <3mm, nes, and Hot rolled iron or non-alloy steel, coil,w >600mm, t <3mm, myp 275..., among others.

Exports In 2022 the top exporters of Hot-Rolled Iron  were Japan ($11.2B), China ($11.2B), South Korea ($6.81B), Germany ($3.73B), and France ($3.27B).

Imports In 2022 the top importers of Hot-Rolled Iron were Italy ($5.5B), Vietnam ($5.46B), Germany ($4B), Turkey ($3.8B), and United States ($3.76B).

Ranking Hot-Rolled Iron ranks 412th in the Product Complexity Index (PCI).

Description Flat-rolled products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot-Rolled Iron. 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)Japan$11.2B
Top Destination (2022)Italy$5.5B

In 2022 Hot-Rolled Iron were the world's 47th most traded product (out of 1,218).

In 2022, the top exporters of Hot-Rolled Iron were Japan ($11.2B), China ($11.2B), South Korea ($6.81B), Germany ($3.73B), and France ($3.27B).

In 2022, the top importers of Hot-Rolled Iron were Italy ($5.5B), Vietnam ($5.46B), Germany ($4B), Turkey ($3.8B), and United States ($3.76B).

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Exporters of Hot-Rolled Iron (2022)
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Importers of Hot-Rolled Iron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$7.39B
Top Destination Growth (2021 -  2022)Vietnam$1.04B

Between 2021 and 2022, the exports of Hot-Rolled Iron grew the fastest in China ($7.39B), Belgium ($651M), France ($605M), South Korea ($598M), and Brazil ($531M).

Between 2021 and 2022, the fastest growing importers of Hot-Rolled Iron were Vietnam ($1.04B), South Korea ($872M), Saudi Arabia ($518M), Indonesia ($473M), and India ($371M).

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Exporters of Hot-Rolled Iron (2021 - 2022)

Importers of Hot-Rolled Iron (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot-Rolled Iron.

In 2022, market concentration measured using Shannon Entropy, was 4.62. This means that most of the exports of Hot-Rolled Iron are explained by 24 countries.

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Value of Exports in Hot-Rolled Iron

Net Trade

TOP NET EXPORTER (2022)Japan$9.85B
TOP NET IMPORTER (2022)Vietnam$4.42B

This map shows which countries export or import more of Hot-Rolled Iron. Each country is colored based on the difference in exports and imports of Hot-Rolled Iron during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron were Japan ($9.85B), China ($9.22B), South Korea ($3.11B), Chinese Taipei ($2.58B), and Russia ($1.96B).

In 2022, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron were Vietnam ($4.42B), Italy ($3.29B), Spain ($2.03B), Turkey ($1.96B), and Thailand ($1.92B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Hot-Rolled Iron, disaggragated by their HS6 level were Hot rolled iron or non-alloy steel,... ($26B), Hot rolled iron or non-alloy steel,... ($17B), Hot rolled iron or non-alloy steel,... ($12.7B), Hot rolled iron or non-alloy steel,... ($9.02B), and Hot rolled iron or non-alloy steel,... ($5.88B)

HS6 Disaggregation for Hot-Rolled Iron (2022)
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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.
It is possible to select the main countries that export or import Hot-Rolled Iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot-Rolled Iron 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)

Related Products

This visualization shows products that are likely to be exported by countries that export Hot-Rolled Iron.

Country by Relatedness

The following visualization shows the relatedness of Hot-Rolled Iron to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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