Iron Blocks7216 (Harmonized System 1992 for 4-digit)
2020 World Trade: $11.6B, Rnk 274 / 1217
2020 Top Exporter | Top Importer: $1.23B | undefined, Germany | N/A
2020 Product Complexity: -0.48, Rnk 696 / 1028
2019 - 2020 Export Growth (CAGR): -14.1%, Rnk 882 / 1217
2018 Mean Tariff: 6.17%, Rnk 687 / 1259
2020 Share of World Trade: 0.069%, Rnk 274 / 1217
Overview This page contains the latest trade data of Iron Blocks. In 2020, Iron Blocks were the world's 274th most traded product, with a total trade of $11.6B. Between 2019 and 2020 the exports of Iron Blocks decreased by -14.1%, from $13.6B to $11.6B. Trade in Iron Blocks represent 0.069% of total world trade.
Iron Blocks 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 2020 the top exporters of Iron Blocks were Germany ($1.23B), Spain ($1.19B), Turkey ($1.02B), China ($839M), and Luxembourg ($821M).
Imports In 2020 the top importers of Iron Blocks were N/A.
Tariffs In 2018 the average tariff for Iron Blocks was 6.17%, making it the 687th lowest tariff using the HS4 product classification.
Ranking Iron Blocks ranks 696th 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.
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.
Trade By Country
Top Origin (2020): Germany, $1.23B
Iron Blocks are the world's 274th most traded product.
In 2020, the top exporters of Iron Blocks were Germany ($1.23B), Spain ($1.19B), Turkey ($1.02B), China ($839M), and Luxembourg ($821M).
Trade by country
Top Origin Decrease (2019 - 2020): Spain, -$276M
Top Destination Decrease (2019 - 2020): United Kingdom, -$208M
Between 2019 and 2020, the fastest declining exporters of Iron Blocks were Spain (-$276M), Luxembourg (-$219M), South Korea (-$204M), Germany (-$186M), and China (-$162M).
Between 2019 and 2020, the fastest declining importers of Iron Blocks were United Kingdom (-$208M), Germany (-$181M), United States (-$97.3M), Italy (-$86.7M), and South Korea (-$80.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Blocks.
In 2020, market concentration measured using Shannon Entropy, was 4.85. This means that most of the exports of Iron Blocks are explained by 28 countries.
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 2020.
In 2020, the world most traded Iron Blocks, disaggragated by their HS6 level were Sections, H, iron or non-alloy steel,... ($3.43B), Sections, I, iron or non-alloy steel,... ($1.87B), Sections, U, iron or non-alloy steel,... ($1.25B), Sections, nes, iron or non-alloy steel,... ($1.16B), and Angles/shapes/sections, iron or non-alloy steel, nes ($1.11B)
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.
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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