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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)

2023
World Trade $61.3BRnk 69 / 1217
2023
Top Exporter | Top Importer $16.9B | $8.62BChina | United States
2023
Product Complexity 0.32Rnk 444 / 1044
2022 - 2023
Export Growth (CAGR) 0.085%Rnk 405 / 1217
2023
Share of World Trade 0.27%Rnk 69 / 1217

About

Overview This page contains the latest trade data of Iron Structures. In 2023, Iron Structures were the world's 69th most traded product, with a total trade of $61.3B. Between 2022 and 2023 the exports of Iron Structures grew by 0.085%, from $61.3B to $61.3B. Trade in Iron Structures represent 0.27% of total world trade.

Iron Structures are a part of Iron/Steel Articles. They include Iron & Steel Structures and Parts (n.e.), 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 2023 the top exporters of Iron Structures  were China ($16.9B), Germany ($5.53B), Poland ($3B), Turkey ($2.89B), and Spain ($2.38B).

Imports In 2023 the top importers of Iron Structures were United States ($8.62B), Germany ($4.7B), France ($2.63B), United Kingdom ($2.17B), and Japan ($2.08B).

Ranking Iron Structures ranks 444th 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 (2023)China$16.9B
Top Destination (2023)United States$8.62B

In 2023 Iron Structures were the world's 69th most traded product (out of 1,217).

In 2023, the top exporters of Iron Structures were China ($16.9B), Germany ($5.53B), Poland ($3B), Turkey ($2.89B), and Spain ($2.38B).

In 2023, the top importers of Iron Structures were United States ($8.62B), Germany ($4.7B), France ($2.63B), United Kingdom ($2.17B), and Japan ($2.08B).

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Exporters of Iron Structures (2023)
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Importers of Iron Structures (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.92B
Top Destination Growth (2022 -  2023)South Korea$367M

Between 2022 and 2023, the exports of Iron Structures grew the fastest in China ($1.92B), Germany ($238M), Turkey ($182M), Spain ($146M), and Bahrain ($124M).

Between 2022 and 2023, the fastest growing importers of Iron Structures were South Korea ($367M), Hong Kong ($339M), Saudi Arabia ($285M), Japan ($218M), and United States ($195M).

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Exporters of Iron Structures (2022 - 2023)

Importers of Iron Structures (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.56. This means that most of the exports of Iron Structures are explained by 23 countries.

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Value of Exports in Iron Structures

Net Trade

TOP NET EXPORTER (2023)China$16.5B
TOP NET IMPORTER (2023)United States$7.2B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron Structures were China ($16.5B), Turkey ($2.5B), Poland ($1.83B), India ($1.57B), and Mexico ($1.51B).

In 2023, the countries that had a largest trade value in imports than in exports of Iron Structures were United States ($7.2B), France ($1.94B), Japan ($1.88B), Australia ($1.62B), and United Kingdom ($1.35B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Iron Structures, disaggragated by their HS6 level were Iron & Steel Structures and Parts... ($44.7B), Props etc for scaffold, shuttering, pits,... ($5.85B), Doors, windows, frames of iron or... ($4.58B), Towers and lattice masts, iron or... ($4.54B), and Bridges and bridge sections, iron or... ($1.68B)

HS6 Disaggregation for Iron Structures (2023)
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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 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 (2023)

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 (2023)

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