Hot-Rolled Iron7208 (Harmonized System 1992 for 4-digit)
2020 World Trade: $42.3B, Rnk 83 / 1217
2020 Top Exporter | Top Importer: $6.72B | $3.99B, Japan | China
2020 Product Complexity: 0.34, Rnk 429 / 1028
2019 - 2020 Export Growth (CAGR): -13.8%, Rnk 868 / 1217
2018 Mean Tariff: 4.96%, Rnk 839 / 1259
2020 Share of World Trade: 0.25%, Rnk 83 / 1217
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 & steel.
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.
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.
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 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).
Trade by country
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).
Cumulative market share
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.
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).
In 2020, 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)
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb