Hot-Rolled IronIron 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)
2021 World Trade: $73.6B, Rnk 47 / 1217
2021 Top Exporter | Top Importer: $10.9B | $5.65B, Japan | Italy
2021 Product Complexity: 0.48, Rnk 379 / 1024
2020 - 2021 Export Growth (CAGR): 72.4%, Rnk 32 / 1217
2018 Mean Tariff: 4.96%, Rnk 839 / 1259
2021 Share of World Trade: 0.0035%, Rnk 47 / 1217
Overview This page contains the latest trade data of Hot-Rolled Iron. In 2021, Hot-Rolled Iron were the world's 47th most traded product, with a total trade of $73.6B. Between 2020 and 2021 the exports of Hot-Rolled Iron grew by 72.4%, from $42.7B to $73.6B. Trade in Hot-Rolled Iron represent 0.0035% 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 2021 the top exporters of Hot-Rolled Iron were Japan ($10.9B), South Korea ($6.18B), Russia ($5.38B), India ($5.23B), and China ($3.76B).
Imports In 2021 the top importers of Hot-Rolled Iron were Italy ($5.65B), Vietnam ($4.43B), United States ($4.41B), Turkey ($4.03B), and Germany ($3.86B).
Tariffs In 2018 the average tariff for Hot-Rolled Iron was 4.96%, making it the 839th lowest tariff using the HS4 product classification.
Ranking Hot-Rolled Iron ranks 379th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Hot-Rolled Iron are the world's 47th most traded product.
In 2021, the top exporters of Hot-Rolled Iron were Japan ($10.9B), South Korea ($6.18B), Russia ($5.38B), India ($5.23B), and China ($3.76B).
In 2021, the top importers of Hot-Rolled Iron were Italy ($5.65B), Vietnam ($4.43B), United States ($4.41B), Turkey ($4.03B), and Germany ($3.86B).
Trade by country
Between 2020 and 2021, the exports of Hot-Rolled Iron grew the fastest in Japan ($4.12B), Russia ($2.72B), China ($2.6B), India ($2.13B), and Ukraine ($1.84B).
Between 2020 and 2021, the fastest growing importers of Hot-Rolled Iron were Italy ($3.29B), United States ($3.2B), Turkey ($2.18B), Germany ($1.84B), and Poland ($1.41B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Hot-Rolled Iron.
In 2021, market concentration measured using Shannon Entropy, was 4.71. This means that most of the exports of Hot-Rolled Iron are explained by 26 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron were Japan ($9.64B), Russia ($4.43B), India ($4.36B), Ukraine ($3.47B), and South Korea ($3.37B).
In 2021, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron were Italy ($3.72B), Vietnam ($3.23B), United States ($2.72B), Mexico ($2.34B), and Poland ($1.99B).
In 2021, the world most traded Hot-Rolled Iron, disaggragated by their HS6 level were Hot rolled iron or non-alloy steel,... ($27.6B), Hot rolled iron or non-alloy steel,... ($14.2B), Hot rolled iron or non-alloy steel,... ($13.1B), Hot rolled iron or non-alloy steel,... ($8.35B), and Hot rolled iron or non-alloy steel,... ($5B)
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.
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.
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