720610 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Iron or non-alloy steel in ingots, <99.94% iron. In 2022, Iron or non-alloy steel in ingots, <99.94% iron were the world's 3195th most traded product, with a total trade of $376M. Between 2021 and 2022 the exports of Iron or non-alloy steel in ingots, <99.94% iron decreased by -81.6%, from $2.04B to $376M. Trade in Iron or non-alloy steel in ingots, <99.94% iron represent 0.0016% of total world trade.

Iron or non-alloy steel in ingots, <99.94% iron are a part of Iron Ingots.

Exports In 2022 the top exporters of Iron or non-alloy steel in ingots, <99.94% iron  were Iran ($76.4M), China ($71.5M), Indonesia ($26.7M), United States ($25.2M), and Russia ($24.9M).

Imports In 2022 the top importers of Iron or non-alloy steel in ingots, <99.94% iron were Guatemala ($85.4M), Jordan ($69.5M), El Salvador ($55.7M), Spain ($18.7M), and Germany ($11.1M).

Ranking Iron or non-alloy steel in ingots, <99.94% iron ranks 4244th in the Product Complexity Index (PCI).

Description > Iron is used in the manufacture of steel, and steel is used in a variety of industries. Iron is used in the production of steel because it is inexpensive and plentiful.

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron or non-alloy steel in ingots, <99.94% 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.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)Iran$76.4M
Top Destination (2022)Guatemala$85.4M

In 2022 Iron or non-alloy steel in ingots, <99.94% iron were the world's 3195th most traded product (out of 4,648).

In 2022, the top exporters of Iron or non-alloy steel in ingots, <99.94% iron were Iran ($76.4M), China ($71.5M), Indonesia ($26.7M), United States ($25.2M), and Russia ($24.9M).

In 2022, the top importers of Iron or non-alloy steel in ingots, <99.94% iron were Guatemala ($85.4M), Jordan ($69.5M), El Salvador ($55.7M), Spain ($18.7M), and Germany ($11.1M).

Explore Visualizations

Exporters of Iron or non-alloy steel in ingots, <99.94% iron (2022)
[Click to Select a Country]

Importers of Iron or non-alloy steel in ingots, <99.94% iron (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$62.1M
Top Destination Growth (2021 -  2022)Jordan$61.1M

Between 2021 and 2022, the exports of Iron or non-alloy steel in ingots, <99.94% iron grew the fastest in China ($62.1M), Indonesia ($26.7M), United States ($15.5M), Switzerland ($9.97M), and Angola ($9.41M).

Between 2021 and 2022, the fastest growing importers of Iron or non-alloy steel in ingots, <99.94% iron were Jordan ($61.1M), Guatemala ($18.4M), El Salvador ($9.66M), India ($6.78M), and Georgia ($5.63M).

Explore Visualizations

Exporters of Iron or non-alloy steel in ingots, <99.94% iron (2021 - 2022)

Importers of Iron or non-alloy steel in ingots, <99.94% iron (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron or non-alloy steel in ingots, <99.94% iron.

In 2022, market concentration measured using Shannon Entropy, was 4.01. This means that most of the exports of Iron or non-alloy steel in ingots, <99.94% iron are explained by 16 countries.

Explore Visualizations

Value of Exports in Iron or non-alloy steel in ingots, <99.94% iron

Net Trade

TOP NET EXPORTER (2022)Iran$75.4M
TOP NET IMPORTER (2022)Jordan$68.7M

This map shows which countries export or import more of Iron or non-alloy steel in ingots, <99.94% iron. Each country is colored based on the difference in exports and imports of Iron or non-alloy steel in ingots, <99.94% iron during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron or non-alloy steel in ingots, <99.94% iron were Iran ($75.4M), China ($67.6M), Russia ($24.9M), United States ($23.7M), and Indonesia ($20.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron or non-alloy steel in ingots, <99.94% iron were Jordan ($68.7M), Spain ($18.2M), Czechia ($9.66M), United Arab Emirates ($7.79M), and Germany ($6.98M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron or non-alloy steel in ingots, <99.94% iron.
It is possible to select the main countries that export or import Iron or non-alloy steel in ingots, <99.94% iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron or non-alloy steel in ingots, <99.94% iron 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 (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with