HS Icon Hot-Rolled Iron

7208 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hot-Rolled Iron. In 2020, Hot-Rolled Iron were the world's 83rd most traded product, with a total trade of $42.3B. Between 2019 and 2020 the exports of Hot-Rolled Iron decreased by -13.8%, from $49.1B to $42.3B. Trade in Hot-Rolled Iron represent 0.25% of total world trade.

Hot-Rolled Iron are a part of Iron and 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 2020 the top exporters of Hot-Rolled Iron  were Japan ($6.72B), South Korea ($4.76B), India ($3.08B), Russia ($2.66B), and Chinese Taipei ($2.38B).

Imports In 2020 the top importers of Hot-Rolled Iron were China ($3.99B), Vietnam ($3.25B), Italy ($2.3B), Germany ($2.02B), and Turkey ($1.85B).

Tariffs In 2018 the average tariff for Hot-Rolled Iron was 4.96%, making it the 839th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hot-Rolled Iron are Bahamas (40.3%), Sudan (35%), Bermuda (25%), and Cayman Islands (22%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Rwanda (0%), Zambia (0%), and Hong Kong (0%).

Ranking Hot-Rolled Iron ranks 429th 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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Japan, $6.72B

Top Destination (2020): China, $3.99B

Hot-Rolled Iron are the world's 83rd most traded product.

In 2020, the top exporters of Hot-Rolled Iron were Japan ($6.72B), South Korea ($4.76B), India ($3.08B), Russia ($2.66B), and Chinese Taipei ($2.38B).

In 2020, the top importers of Hot-Rolled Iron were China ($3.99B), Vietnam ($3.25B), Italy ($2.3B), Germany ($2.02B), and Turkey ($1.85B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): India, $499M

Top Destination Growth (2019 - 2020): China, $1.93B

Between 2019 and 2020, the exports of Hot-Rolled Iron grew the fastest in India ($499M), Russia ($90.7M), Czechia ($60.4M), Switzerland ($59.2M), and Saudi Arabia ($41.8M).

Between 2019 and 2020, the fastest growing importers of Hot-Rolled Iron were China ($1.93B), Saudi Arabia ($207M), Egypt ($190M), South Africa ($93.8M), and Nigeria ($54.3M).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Hot-Rolled Iron are explained by 24 countries.

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TOP NET EXPORTER (2020): Japan, $5.84B

TOP NET IMPORTER (2020): China, $2.93B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron were Japan ($5.84B), South Korea ($3.26B), India ($2.39B), Russia ($2.1B), and Chinese Taipei ($1.89B).

In 2020, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron were China ($2.93B), Vietnam ($2.85B), Mexico ($1.35B), Italy ($1.26B), and Poland ($1.03B).

Disaggregation

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Value

In 2019, the world most traded Hot-Rolled Iron, disaggragated by their HS6 level were Hot rolled iron or non-alloy steel,... ($16.8B), Hot rolled iron or non-alloy steel,... ($8.7B), Hot rolled iron or non-alloy steel,... ($6.78B), Hot rolled iron or non-alloy steel,... ($3.78B), and Hot rolled iron or non-alloy steel,... ($2.75B)

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.
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.

Import Tariffs

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In 2018, the average tariff for importing Hot-Rolled Iron was 4.96%. The countries with the highest tariffs for importing Hot-Rolled Iron were Bahamas (40.3%), Sudan (35%), Bermuda (25%), and Cayman Islands (22%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.