Wire of iron or non-alloy steel

7217 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Iron Wire. In 2022, Iron Wire were the world's 354th most traded product, with a total trade of $10.8B. Between 2021 and 2022 the exports of Iron Wire grew by 13.8%, from $9.52B to $10.8B. Trade in Iron Wire represent 0.046% of total world trade.

Iron Wire are a part of Iron & steel. They include Wire, iron or non-alloy steel, not plated or coated, <0.25%C, Wire, iron or non-alloy steel, plated or coated with zinc <0.25%C, Wire, iron or non-alloy steel, of base metal plated/coated nes, <0.25%C, Wire, iron or non-alloy steel, more than 0.6% carbon, nes, Wire, iron or non-alloy steel, of base metal plated/coated nes, >0.6%C, Wire, iron or non-alloy steel, <0.25% carbon, nes, Wire, iron or non-alloy steel, not plated or coated, >0.6%C, Wire, iron or non-alloy steel, zinc plated/coated, >0.6%C, Wire, iron or non-alloy steel, not plated or coated, 0.25-0.6%C, and Wire, iron or non-alloy steel, zinc plated/coated, 0.25-0.6%C, among others.

Exports In 2022 the top exporters of Iron Wire  were China ($3.4B), Italy ($994M), Germany ($566M), Czechia ($471M), and Slovakia ($449M).

Imports In 2022 the top importers of Iron Wire were United States ($903M), Germany ($877M), Saudi Arabia ($540M), France ($478M), and Poland ($441M).

Ranking Iron Wire ranks 696th in the Product Complexity Index (PCI).

Description Wire is used to make things like wire coat hangers, electrical wiring, and other products. Wire can be made from a variety of materials, including iron or non-alloy steel.

Latest Data

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The following visualization shows the latest trends on Iron Wire. 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$3.4B
Top Destination (2022)United States$903M

In 2022 Iron Wire were the world's 354th most traded product (out of 1,218).

In 2022, the top exporters of Iron Wire were China ($3.4B), Italy ($994M), Germany ($566M), Czechia ($471M), and Slovakia ($449M).

In 2022, the top importers of Iron Wire were United States ($903M), Germany ($877M), Saudi Arabia ($540M), France ($478M), and Poland ($441M).

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

Color
Top Origin Growth (2021 -  2022)China$1.07B
Top Destination Growth (2021 -  2022)Saudi Arabia$369M

Between 2021 and 2022, the exports of Iron Wire grew the fastest in China ($1.07B), Italy ($169M), Netherlands ($87.5M), Slovakia ($70.4M), and Belgium ($63.6M).

Between 2021 and 2022, the fastest growing importers of Iron Wire were Saudi Arabia ($369M), United States ($141M), Germany ($117M), Switzerland ($110M), and Iraq ($68.4M).

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Exporters of Iron Wire (2021 - 2022)

Importers of Iron Wire (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Iron Wire are explained by 19 countries.

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Value of Exports in Iron Wire

Net Trade

TOP NET EXPORTER (2022)China$3.28B
TOP NET IMPORTER (2022)United States$756M

This map shows which countries export or import more of Iron Wire. Each country is colored based on the difference in exports and imports of Iron Wire during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron Wire were China ($3.28B), Italy ($764M), Slovakia ($333M), Czechia ($254M), and Turkey ($187M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron Wire were United States ($756M), Saudi Arabia ($518M), Switzerland ($367M), Poland ($320M), and Germany ($311M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Iron Wire, disaggragated by their HS6 level were Wire, iron or non-alloy steel, not... ($4.7B), Wire, iron or non-alloy steel, plated... ($3.79B), Wire, iron or non-alloy steel, of... ($1.65B), Wire, iron or non-alloy steel, <0.25%... ($685M), and Wire, iron or non-alloy steel, more... ($9.44M)

HS6 Disaggregation for Iron Wire (2022)
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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 Wire.
It is possible to select the main countries that export or import Iron Wire in the world, or by continent, as well as select the measure of interest.

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $63.6M
TOP IMPORT POTENTIALGermany+ $5.09M

Iron Wire’s highest export potential is United States. With an export gap of $63.6M.  Iron Wire’s highest import potential is Germany with an import gap of $5.09M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Iron Wire 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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