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Pricing

Granules and powders, of pig iron, spiegeleisen, iron or steel

7205 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.76BRnk 702 / 1218
2022
Top Exporter | Top Importer $492M | $313MSweden | United States
2022
Product Complexity 0.62Rnk 319 / 1033
2021 - 2022
Export Growth (CAGR) -0.7%Rnk 889 / 1218
2022
Share of World Trade 0.012%Rnk 702 / 1218

About

Overview This page contains the latest trade data of Iron Powder. In 2022, Iron Powder were the world's 702nd most traded product, with a total trade of $2.76B. Between 2021 and 2022 the exports of Iron Powder decreased by -0.7%, from $2.78B to $2.76B. Trade in Iron Powder represent 0.012% of total world trade.

Iron Powder are a part of Iron & steel. They include Powders, iron or steel, other than alloy, Granules of pig iron or spiegeleisen, and Powders, alloy steel.

Exports In 2022 the top exporters of Iron Powder  were Sweden ($492M), Germany ($267M), Japan ($257M), China ($248M), and United States ($217M).

Imports In 2022 the top importers of Iron Powder were United States ($313M), Germany ($312M), China ($296M), South Korea ($195M), and Japan ($146M).

Ranking Iron Powder ranks 319th in the Product Complexity Index (PCI).

Description Pig iron is a type of iron that has been made into small, solid pieces. It's used in the production of steel. Spiegeleisen is a type of iron that has been melted and then cast into small pieces. It's used in the production of steel. Iron or steel (excl. granules and powders of ferro-alloys, turnings and filings of iron or steel, radioactive iron powders "isotopes" and certain low-calibre, substandard balls for ballbearings) are materials that have been made from iron ore or other types of metal. They're used in the production of other goods like automobiles, construction equipment, and household appliances.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron Powder. 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)Sweden$492M
Top Destination (2022)United States$313M

In 2022 Iron Powder were the world's 702nd most traded product (out of 1,218).

In 2022, the top exporters of Iron Powder were Sweden ($492M), Germany ($267M), Japan ($257M), China ($248M), and United States ($217M).

In 2022, the top importers of Iron Powder were United States ($313M), Germany ($312M), China ($296M), South Korea ($195M), and Japan ($146M).

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Exporters of Iron Powder (2022)
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Importers of Iron Powder (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$36.1M
Top Destination Growth (2021 -  2022)Oman$34.3M

Between 2021 and 2022, the exports of Iron Powder grew the fastest in China ($36.1M), Pakistan ($21.6M), Germany ($18.9M), Canada ($18.2M), and Thailand ($11.1M).

Between 2021 and 2022, the fastest growing importers of Iron Powder were Oman ($34.3M), United States ($31.4M), Germany ($28.5M), Malaysia ($18.3M), and Indonesia ($16.8M).

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Exporters of Iron Powder (2021 - 2022)

Importers of Iron Powder (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Iron Powder are explained by 19 countries.

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Value of Exports in Iron Powder

Net Trade

TOP NET EXPORTER (2022)Sweden$473M
TOP NET IMPORTER (2022)South Korea$119M

This map shows which countries export or import more of Iron Powder. Each country is colored based on the difference in exports and imports of Iron Powder during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron Powder were Sweden ($473M), Canada ($146M), Japan ($111M), France ($86.9M), and Romania ($76.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron Powder were South Korea ($119M), United States ($96.2M), Italy ($89.5M), Mexico ($82.6M), and Chinese Taipei ($76.3M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Iron Powder, disaggragated by their HS6 level were Powders, iron or steel, other than... ($1.17B), Powders, alloy steel ($840M), and Granules of pig iron or spiegeleisen ($749M)

HS6 Disaggregation for Iron Powder (2022)
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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 Powder.
It is possible to select the main countries that export or import Iron Powder in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron Powder by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $4M
TOP IMPORT POTENTIALChina+ $1.27M

Iron Powder’s highest export potential is China. With an export gap of $4M.  Iron Powder’s highest import potential is China with an import gap of $1.27M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Iron Powder.

Country by Relatedness

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

Relative Relatedness by Country (2022)

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