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Structures of iron or steel and parts thereof; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures

7308 (Harmonized System 1992 for 4-digit)

2022
World Trade $66.7BRnk 66 / 1218
2022
Top Exporter | Top Importer $18.3B | $8.53BChina | United States
2022
Product Complexity 0.39Rnk 423 / 1033
2021 - 2022
Export Growth (CAGR) 10%Rnk 407 / 1218
2022
Share of World Trade 0.28%Rnk 66 / 1218

About

Overview This page contains the latest trade data of Iron Structures. In 2022, Iron Structures were the world's 66th most traded product, with a total trade of $66.7B. Between 2021 and 2022 the exports of Iron Structures grew by 10%, from $60.6B to $66.7B. Trade in Iron Structures represent 0.28% 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 2022 the top exporters of Iron Structures  were China ($18.3B), Germany ($5.23B), Poland ($3.63B), Spain ($2.65B), and Turkey ($2.5B).

Imports In 2022 the top importers of Iron Structures were United States ($8.53B), Germany ($5.47B), France ($3.4B), Netherlands ($2.03B), and United Kingdom ($2.03B).

Ranking Iron Structures ranks 423rd 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.

Latest Trends

Latest Data

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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.

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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)China$18.3B
Top Destination (2022)United States$8.53B

In 2022 Iron Structures were the world's 66th most traded product (out of 1,218).

In 2022, the top exporters of Iron Structures were China ($18.3B), Germany ($5.23B), Poland ($3.63B), Spain ($2.65B), and Turkey ($2.5B).

In 2022, the top importers of Iron Structures were United States ($8.53B), Germany ($5.47B), France ($3.4B), Netherlands ($2.03B), and United Kingdom ($2.03B).

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

Color
Top Origin Growth (2021 -  2022)China$2.94B
Top Destination Growth (2021 -  2022)United States$1.98B

Between 2021 and 2022, the exports of Iron Structures grew the fastest in China ($2.94B), Turkey ($645M), United Arab Emirates ($484M), India ($437M), and Poland ($336M).

Between 2021 and 2022, the fastest growing importers of Iron Structures were United States ($1.98B), Germany ($607M), Indonesia ($440M), Australia ($413M), and India ($369M).

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Exporters of Iron Structures (2021 - 2022)

Importers of Iron Structures (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Iron Structures are explained by 24 countries.

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Value of Exports in Iron Structures

Net Trade

TOP NET EXPORTER (2022)China$17.9B
TOP NET IMPORTER (2022)United States$7.13B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron Structures were China ($17.9B), Poland ($2.57B), Turkey ($2.16B), Spain ($1.86B), and Mexico ($1.52B).

In 2022, the countries that had a largest trade value in imports than in exports of Iron Structures were United States ($7.13B), France ($2.7B), Japan ($1.66B), Australia ($1.66B), and United Kingdom ($1.11B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Iron Structures, disaggragated by their HS6 level were Structures and parts of structures, iron... ($49.4B), Props etc for scaffold, shuttering, pits,... ($6.56B), Doors, windows, frames of iron or... ($4.76B), Towers and lattice masts, iron or... ($4.44B), and Bridges and bridge sections, iron or... ($1.55B)

HS6 Disaggregation for Iron Structures (2022)
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Country Comparison

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Measure
Ranking

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.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $76.2M
TOP IMPORT POTENTIALChina+ $52.8M

Iron Structures’s highest export potential is United States. With an export gap of $76.2M.  Iron Structures’s highest import potential is China with an import gap of $52.8M.

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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 Structures.

Country by Relatedness

The following visualization shows the relatedness of Iron Structures 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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