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721491 (Harmonized System 1996 for 6-digit)

2022
World Trade $1.7BRnk 1673 / 4769
2022
Top Exporter | Top Importer $273M | $336MItaly | Germany
2022
Product Complexity 0.07Rnk 2489 / 4776
2021 - 2022
Export Growth (CAGR) 8.95%Rnk 1781 / 4769
2022
Share of World Trade 0.0072%Rnk 1673 / 4769

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Rectangular Shape. In 2022, Iron/Steel Rods: Hot-Rolled, Rectangular Shape were the world's 1673rd most traded product, with a total trade of $1.7B. Between 2021 and 2022 the exports of Iron/Steel Rods: Hot-Rolled, Rectangular Shape grew by 8.95%, from $1.56B to $1.7B. Trade in Iron/Steel Rods: Hot-Rolled, Rectangular Shape represent 0.0072% of total world trade.

Iron/Steel Rods: Hot-Rolled, Rectangular Shape 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, Rectangular Shape  were Italy ($273M), Spain ($180M), France ($159M), Poland ($138M), and China ($93.4M).

Imports In 2022 the top importers of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were Germany ($336M), France ($99.2M), United States ($98.1M), Netherlands ($88.7M), and Czechia ($64M).

Ranking Iron/Steel Rods: Hot-Rolled, Rectangular Shape ranks 2489th 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, Rectangular Shape. 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)Italy$273M
Top Destination (2022)Germany$336M

In 2022 Iron/Steel Rods: Hot-Rolled, Rectangular Shape were the world's 1673rd most traded product (out of 4,769).

In 2022, the top exporters of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were Italy ($273M), Spain ($180M), France ($159M), Poland ($138M), and China ($93.4M).

In 2022, the top importers of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were Germany ($336M), France ($99.2M), United States ($98.1M), Netherlands ($88.7M), and Czechia ($64M).

Explore Visualizations

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

Color
Top Origin Growth (2021 -  2022)China$36.9M
Top Destination Growth (2021 -  2022)United States$48.2M

Between 2021 and 2022, the exports of Iron/Steel Rods: Hot-Rolled, Rectangular Shape grew the fastest in China ($36.9M), Egypt ($31.9M), Mexico ($29.4M), United States ($24.2M), and Italy ($21.9M).

Between 2021 and 2022, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were United States ($48.2M), Germany ($25.5M), Mexico ($20.3M), France ($18.3M), and Czechia ($16.7M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Rectangular Shape (2021 - 2022)

Importers of Iron/Steel Rods: Hot-Rolled, Rectangular Shape (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Rectangular Shape are explained by 21 countries.

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Value of Exports in Iron/Steel Rods: Hot-Rolled, Rectangular Shape

Net Trade

TOP NET EXPORTER (2022)Italy$228M
TOP NET IMPORTER (2022)Germany$295M

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

In 2022, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were Italy ($228M), Spain ($156M), Poland ($98M), China ($83.8M), and France ($60M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Hot-Rolled, Rectangular Shape were Germany ($295M), Netherlands ($78.2M), Austria ($36.7M), Belgium ($33.6M), and Ireland ($30M).

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, Rectangular Shape.
It is possible to select the main countries that export or import Iron/Steel Rods: Hot-Rolled, Rectangular Shape in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron/Steel Rods: Hot-Rolled, Rectangular Shape 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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