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720610 (Harmonized System 1992 for 6-digit)

2022
World Trade $376MRnk 3195 / 4648
2022
Top Exporter | Top Importer $76.4M | $85.4MIran | Guatemala
2022
Product Complexity -1.47Rnk 4244 / 4653
2021 - 2022
Export Growth (CAGR) -81.6%Rnk 4588 / 4648
2022
Share of World Trade 0.0016%Rnk 3195 / 4648

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 Trends

Latest Data

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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.

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* 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.

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

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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.

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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

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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)

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