Iron Structures7308 (Harmonized System 1992 for 4-digit)
2021 World Trade: $60.7B, Rnk 73 / 1217
2021 Top Exporter | Top Importer: $15.6B | $6.52B, China | United States
2021 Product Complexity: 0.46, Rnk 385 / 1024
2020 - 2021 Export Growth (CAGR): 25.7%, Rnk 434 / 1217
2018 Mean Tariff: 7.73%, Rnk 563 / 1259
2021 Share of World Trade: 0.0029%, Rnk 73 / 1217
Overview This page contains the latest trade data of Iron Structures. In 2021, Iron Structures were the world's 73rd most traded product, with a total trade of $60.7B. Between 2020 and 2021 the exports of Iron Structures grew by 25.7%, from $48.3B to $60.7B. Trade in Iron Structures represent 0.0029% of total world trade.
Iron Structures are a part of Iron or steel articles. They include Structures and parts of structures, iron or steel, ne, Props etc for scaffold, shuttering, pits, iron/steel, Doors, windows, frames of iron or steel, Towers and lattice masts, iron or steel, and Bridges and bridge sections, iron or steel.
Exports In 2021 the top exporters of Iron Structures were China ($15.6B), Germany ($5.23B), Poland ($3.3B), Spain ($2.39B), and Italy ($1.99B).
Imports In 2021 the top importers of Iron Structures were United States ($6.52B), Germany ($4.89B), France ($3.6B), Netherlands ($2.11B), and United Kingdom ($2.1B).
Tariffs In 2018 the average tariff for Iron Structures was 7.73%, making it the 563rd lowest tariff using the HS4 product classification.
Ranking Iron Structures ranks 385th in the Product Complexity Index (PCI).
Description Iron and steel are used to make bridges, lock-gates, towers, lattice masts, roofs, roofing frameworks, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns.
The following visualization shows the latest trends on Iron Structures. 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
Top Origin (2021): China, $15.6B
Top Destination (2021): United States, $6.52B
Iron Structures are the world's 73rd most traded product.
In 2021, the top exporters of Iron Structures were China ($15.6B), Germany ($5.23B), Poland ($3.3B), Spain ($2.39B), and Italy ($1.99B).
In 2021, the top importers of Iron Structures were United States ($6.52B), Germany ($4.89B), France ($3.6B), Netherlands ($2.11B), and United Kingdom ($2.1B).
Trade by country
Between 2020 and 2021, the exports of Iron Structures grew the fastest in China ($2.76B), Germany ($1.05B), Mexico ($574M), South Korea ($573M), and Poland ($528M).
Between 2020 and 2021, the fastest growing importers of Iron Structures were France ($1.24B), United States ($1.14B), Russia ($842M), Germany ($833M), and United Kingdom ($567M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Iron Structures.
In 2021, market concentration measured using Shannon Entropy, was 4.67. This means that most of the exports of Iron Structures are explained by 25 countries.
TOP NET EXPORTER (2021): China, $15.3B
TOP NET IMPORTER (2021): United States, $5.39B
This map shows which countries export or import more of Iron Structures. Each country is colored based on the difference in exports and imports of Iron Structures during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Iron Structures were China ($15.3B), Poland ($2.21B), Spain ($1.66B), Turkey ($1.53B), and Mexico ($1.27B).
In 2021, the countries that had a largest trade value in imports than in exports of Iron Structures were United States ($5.39B), France ($2.96B), Japan ($1.83B), Australia ($1.24B), and Norway ($1.18B).
In 2021, the world most traded Iron Structures, disaggragated by their HS6 level were Structures and parts of structures, iron... ($44.5B), Props etc for scaffold, shuttering, pits,... ($5.82B), Doors, windows, frames of iron or... ($4.48B), Towers and lattice masts, iron or... ($4.43B), and Bridges and bridge sections, iron or... ($1.44B)
This visualization shows the countries that have an important ratio of their trade related to Iron Structures. It is possible to select the main countries that export or import Iron Structures 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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