Iron or non-alloy steel, angles, shapes and sections

7216 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Iron Blocks. In 2021, Iron Blocks were the world's 233rd most traded product, with a total trade of $17.9B. Between 2020 and 2021 the exports of Iron Blocks grew by 51.4%, from $11.8B to $17.9B. Trade in Iron Blocks represent 0.085% of total world trade.

Iron Blocks are a part of Iron & steel. They include Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m, Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m, Sections, U, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m, Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded, Angles/shapes/sections, iron or non-alloy steel, nes, Sections, nes, iron or non-alloy steel, nfw than cold formed/finished, Sections, L, iron or non-alloy steel, nfw hot-roll/drawn/extruded < 80m, Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m, Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm, and Sections, T, iron or non-alloy steel, nfw hot-roll/drawn/extruded < 80m, among others.

Exports In 2021 the top exporters of Iron Blocks  were Spain ($2.07B), Germany ($1.92B), Turkey ($1.64B), Luxembourg ($1.37B), and China ($1.18B).

Imports In 2021 the top importers of Iron Blocks were Germany ($1.42B), France ($1.03B), Canada ($962M), United States ($942M), and Netherlands ($794M).

Ranking Iron Blocks ranks 694th in the Product Complexity Index (PCI).

Description Angles, shapes and sections of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including carbon steel, stainless steel, and cast iron.

Latest Data

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The following visualization shows the latest trends on Iron Blocks. 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

Exporters and Importers

Top Origin (2021)Spain$2.07B
Top Destination (2021)Germany$1.42B

In 2021 Iron Blocks were the world's 233rd most traded product (out of 1,217).

In 2021, the top exporters of Iron Blocks were Spain ($2.07B), Germany ($1.92B), Turkey ($1.64B), Luxembourg ($1.37B), and China ($1.18B).

In 2021, the top importers of Iron Blocks were Germany ($1.42B), France ($1.03B), Canada ($962M), United States ($942M), and Netherlands ($794M).

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Exporters of Iron Blocks (2021)
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Importers of Iron Blocks (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Spain$876M
Top Destination Growth (2020 -  2021)Germany$570M

Between 2020 and 2021, the exports of Iron Blocks grew the fastest in Spain ($876M), Germany ($691M), Turkey ($626M), Luxembourg ($545M), and Poland ($369M).

Between 2020 and 2021, the fastest growing importers of Iron Blocks were Germany ($570M), Canada ($472M), United States ($432M), United Kingdom ($384M), and France ($382M).

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Exporters of Iron Blocks (2020 - 2021)

Importers of Iron Blocks (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron Blocks.

In 2021, market concentration measured using Shannon Entropy, was 4.79. This means that most of the exports of Iron Blocks are explained by 27 countries.

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Value of Exports in Iron Blocks

Net Trade

TOP NET EXPORTER (2021)Spain$1.94B
TOP NET IMPORTER (2021)France$783M

This map shows which countries export or import more of Iron Blocks. Each country is colored based on the difference in exports and imports of Iron Blocks during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Iron Blocks were Spain ($1.94B), Turkey ($1.43B), Luxembourg ($1.32B), China ($994M), and Poland ($542M).

In 2021, the countries that had a largest trade value in imports than in exports of Iron Blocks were France ($783M), Canada ($752M), Netherlands ($558M), United States ($424M), and United Kingdom ($378M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Iron Blocks, disaggragated by their HS6 level were Sections, H, iron or non-alloy steel,... ($5.49B), Sections, I, iron or non-alloy steel,... ($3.05B), Sections, nes, iron or non-alloy steel,... ($1.85B), Sections, U, iron or non-alloy steel,... ($1.76B), and Angles/shapes/sections, iron or non-alloy steel, nes ($1.69B)

HS6 Disaggregation for Iron Blocks (2021)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron Blocks.
It is possible to select the main countries that export or import Iron Blocks in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Blocks 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 (2021)

Country by Relatedness

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

Relative Relatedness by Country (2021)

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