Iron Powder7205 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.98B, Rnk 715 / 1217
2020 Top Exporter | Top Importer: $412M | $280M, Sweden | China
2020 Product Complexity: 0.67, Rnk 294 / 1028
2019 - 2020 Export Growth (CAGR): -12.6%, Rnk 812 / 1217
2018 Mean Tariff: 3.08%, Rnk 1136 / 1259
2020 Share of World Trade: 0.012%, Rnk 715 / 1217
Overview This page contains the latest trade data of Iron Powder. In 2020, Iron Powder were the world's 715th most traded product, with a total trade of $1.98B. Between 2019 and 2020 the exports of Iron Powder decreased by -12.6%, from $2.27B to $1.98B. 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 2020 the top exporters of Iron Powder were Sweden ($412M), Japan ($211M), China ($183M), Germany ($176M), and United States ($168M).
Imports In 2020 the top importers of Iron Powder were China ($280M), United States ($202M), Germany ($195M), South Korea ($161M), and Japan ($115M).
Tariffs In 2018 the average tariff for Iron Powder was 3.08%, making it the 1136th lowest tariff using the HS4 product classification.
Ranking Iron Powder ranks 294th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Iron Powder are the world's 715th most traded product.
In 2020, the top exporters of Iron Powder were Sweden ($412M), Japan ($211M), China ($183M), Germany ($176M), and United States ($168M).
In 2020, the top importers of Iron Powder were China ($280M), United States ($202M), Germany ($195M), South Korea ($161M), and Japan ($115M).
Trade by country
Top Origin Decrease (2019 - 2020): Sweden, -$51.4M
Top Destination Growth (2019 - 2020): Oman, $24.8M
Between 2019 and 2020, the fastest declining exporters of Iron Powder were Sweden (-$51.4M), Germany (-$47.1M), Canada (-$46M), United States (-$43.2M), and Chinese Taipei (-$20.9M).
Between 2019 and 2020, the fastest growing importers of Iron Powder were Oman ($24.8M), Bangladesh ($7.82M), Vietnam ($3.96M), Belgium ($3.3M), and Saudi Arabia ($2.39M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Powder.
In 2020, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Iron Powder are explained by 17 countries.
TOP NET EXPORTER (2020): Sweden, $395M
TOP NET IMPORTER (2020): South Korea, $112M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Iron Powder were Sweden ($395M), Japan ($96.2M), Canada ($81.5M), Romania ($54M), and Belgium ($42.9M).
In 2020, the countries that had a largest trade value in imports than in exports of Iron Powder were South Korea ($112M), China ($97.7M), Chinese Taipei ($65.1M), Italy ($62.8M), and Spain ($51.3M).
In 2020, the world most traded Iron Powder, disaggragated by their HS6 level were N/A
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.
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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