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721499 (Harmonized System 1996 for 6-digit)

2022
World Trade $4.58BRnk 835 / 4769
2022
Top Exporter | Top Importer $650M | $473MChina | Germany
2022
Product Complexity -0.72Rnk 3601 / 4776
2021 - 2022
Export Growth (CAGR) 14.7%Rnk 1179 / 4769
2022
Share of World Trade 0.019%Rnk 835 / 4769

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Other Shapes. In 2022, Iron/Steel Rods: Hot-Rolled, Other Shapes were the world's 835th most traded product, with a total trade of $4.58B. Between 2021 and 2022 the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes grew by 14.7%, from $4B to $4.58B. Trade in Iron/Steel Rods: Hot-Rolled, Other Shapes represent 0.019% of total world trade.

Iron/Steel Rods: Hot-Rolled, Other Shapes are a part of Iron or non-alloy steel; bars and rods, not further worked than forged,....

Exports In 2022 the top exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes  were China ($650M), Italy ($498M), Japan ($351M), Poland ($339M), and Bulgaria ($297M).

Imports In 2022 the top importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were Germany ($473M), Thailand ($311M), Romania ($296M), France ($231M), and United States ($201M).

Ranking Iron/Steel Rods: Hot-Rolled, Other Shapes ranks 3601st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron/Steel Rods: Hot-Rolled, Other Shapes. 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$650M
Top Destination (2022)Germany$473M

In 2022 Iron/Steel Rods: Hot-Rolled, Other Shapes were the world's 835th most traded product (out of 4,769).

In 2022, the top exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes were China ($650M), Italy ($498M), Japan ($351M), Poland ($339M), and Bulgaria ($297M).

In 2022, the top importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were Germany ($473M), Thailand ($311M), Romania ($296M), France ($231M), and United States ($201M).

Explore Visualizations

Exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes (2022)
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Importers of Iron/Steel Rods: Hot-Rolled, Other Shapes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$375M
Top Destination Growth (2021 -  2022)Romania$167M

Between 2021 and 2022, the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes grew the fastest in China ($375M), Bulgaria ($145M), Poland ($74.7M), Italy ($50.2M), and France ($48.7M).

Between 2021 and 2022, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were Romania ($167M), Germany ($75.9M), Italy ($65M), United States ($64.5M), and Belgium ($56.7M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes (2021 - 2022)

Importers of Iron/Steel Rods: Hot-Rolled, Other Shapes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Rods: Hot-Rolled, Other Shapes.

In 2022, market concentration measured using Shannon Entropy, was 4.65. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes are explained by 25 countries.

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Value of Exports in Iron/Steel Rods: Hot-Rolled, Other Shapes

Net Trade

TOP NET EXPORTER (2022)China$607M
TOP NET IMPORTER (2022)Thailand$304M

This map shows which countries export or import more of Iron/Steel Rods: Hot-Rolled, Other Shapes. Each country is colored based on the difference in exports and imports of Iron/Steel Rods: Hot-Rolled, Other Shapes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Hot-Rolled, Other Shapes were China ($607M), Japan ($318M), Italy ($305M), Bulgaria ($275M), and Poland ($228M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Hot-Rolled, Other Shapes were Thailand ($304M), Romania ($242M), Germany ($200M), Kazakhstan ($137M), and Mexico ($134M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron/Steel Rods: Hot-Rolled, Other Shapes.
It is possible to select the main countries that export or import Iron/Steel Rods: Hot-Rolled, Other Shapes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron/Steel Rods: Hot-Rolled, Other Shapes by percentage of total exports

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)

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