HS Icon Iron Powder

7205 (Harmonized System 1992 for 4-digit)

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 and 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.

The countries with the highest import tariffs for Iron Powder are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

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.

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Sweden, $412M

Top Destination (2020): China, $280M

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).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): India, $25.6M

Top Destination Growth (2019 - 2020): Oman, $24.8M

Between 2019 and 2020, the exports of Iron Powder grew the fastest in India ($25.6M), South Korea ($5.05M), Netherlands ($3.11M), North Macedonia ($2.8M), and Thailand ($1.55M).

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).

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Market Concentration

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Cumulative market share

Value

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.

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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).

Disaggregation

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Value

In 2019, the world most traded Iron Powder, disaggragated by their HS6 level were Powders, iron or steel, other than... ($849M), Powders, alloy steel ($647M), and Granules of pig iron or spiegeleisen ($484M)

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.

Import Tariffs

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In 2018, the average tariff for importing Iron Powder was 3.08%. The countries with the highest tariffs for importing Iron Powder were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.