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720851 (Harmonized System 1996 for 6-digit)

2023
World Trade $16.3BRnk 201 / 4766
2023
Top Exporter | Top Importer $4.16B | $1.45BChina | South Korea
2023
Product Complexity 0.75Rnk 1241 / 4780
2022 - 2023
Export Growth (CAGR) 3.03%Rnk 1264 / 4766
2023
Share of World Trade 0.072%Rnk 201 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide. In 2023, Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were the world's 201st most traded product, with a total trade of $16.3B. Between 2022 and 2023 the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide grew by 3.03%, from $15.8B to $16.3B. Trade in Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide represent 0.072% of total world trade.

Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide are a part of Iron or non-alloy steel; flat-rolled products of a width of 600mm or....

Exports In 2023 the top exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide  were China ($4.16B), South Korea ($2.06B), Japan ($1.94B), Italy ($1.17B), and United States ($758M).

Imports In 2023 the top importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were South Korea ($1.45B), Mexico ($989M), Germany ($955M), China ($844M), and Turkey ($716M).

Ranking Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide ranks 1241st 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 Sheets: Very Thick, Hot-Rolled, Wide. 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$4.16B
Top Destination (2023)South Korea$1.45B

In 2023 Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were the world's 201st most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were China ($4.16B), South Korea ($2.06B), Japan ($1.94B), Italy ($1.17B), and United States ($758M).

In 2023, the top importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were South Korea ($1.45B), Mexico ($989M), Germany ($955M), China ($844M), and Turkey ($716M).

Explore Visualizations

Exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2023)
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Importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$1.82B
Top Destination Growth (2022 -  2023)Saudi Arabia$413M

Between 2022 and 2023, the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide grew the fastest in China ($1.82B), Austria ($80.6M), South Korea ($57.8M), Brazil ($39.1M), and Australia ($26.5M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were Saudi Arabia ($413M), Mexico ($361M), United Arab Emirates ($189M), India ($162M), and Ukraine ($73.4M).

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Exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2022 - 2023)

Importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide.

In 2023, market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide are explained by 16 countries.

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Value of Exports in Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide

Net Trade

TOP NET EXPORTER (2023)China$3.32B
TOP NET IMPORTER (2023)Mexico$972M

This map shows which countries export or import more of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide. Each country is colored based on the difference in exports and imports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were China ($3.32B), Japan ($1.61B), Italy ($857M), South Korea ($614M), and Austria ($328M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were Mexico ($972M), Saudi Arabia ($711M), United Arab Emirates ($639M), Vietnam ($614M), and Poland ($547M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide 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 (2023)

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