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720851 (Harmonized System 1996 for 6-digit)

2022
World Trade $16.5BRnk 218 / 4769
2022
Top Exporter | Top Importer $2.68B | $1.46BChina | South Korea
2022
Product Complexity 0.85Rnk 1052 / 4776
2021 - 2022
Export Growth (CAGR) 29.3%Rnk 438 / 4769
2022
Share of World Trade 0.07%Rnk 218 / 4769

About

Overview This page contains the latest trade data of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide. In 2022, Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were the world's 218th most traded product, with a total trade of $16.5B. Between 2021 and 2022 the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide grew by 29.3%, from $12.8B to $16.5B. Trade in Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide represent 0.07% 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 2022 the top exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide  were China ($2.68B), Japan ($2.29B), South Korea ($2.08B), Italy ($1.3B), and Germany ($849M).

Imports In 2022 the top importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were South Korea ($1.46B), Germany ($1.15B), China ($924M), Vietnam ($745M), and Turkey ($680M).

Ranking Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide ranks 1052nd 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 (2022)China$2.68B
Top Destination (2022)South Korea$1.46B

In 2022 Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were the world's 218th most traded product (out of 4,769).

In 2022, the top exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were China ($2.68B), Japan ($2.29B), South Korea ($2.08B), Italy ($1.3B), and Germany ($849M).

In 2022, the top importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were South Korea ($1.46B), Germany ($1.15B), China ($924M), Vietnam ($745M), and Turkey ($680M).

Explore Visualizations

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

Color
Top Origin Growth (2021 -  2022)China$1.83B
Top Destination Growth (2021 -  2022)South Korea$561M

Between 2021 and 2022, the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide grew the fastest in China ($1.83B), Japan ($368M), South Korea ($327M), Italy ($233M), and Germany ($191M).

Between 2021 and 2022, the fastest growing importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were South Korea ($561M), Mexico ($214M), Turkey ($205M), Vietnam ($198M), and Saudi Arabia ($185M).

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Exporters of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2021 - 2022)

Importers of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide are explained by 20 countries.

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

Net Trade

TOP NET EXPORTER (2022)Japan$1.97B
TOP NET IMPORTER (2022)Vietnam$730M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were Japan ($1.97B), China ($1.75B), Italy ($997M), South Korea ($620M), and United States ($290M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron/Steel Sheets: Very Thick, Hot-Rolled, Wide were Vietnam ($730M), Mexico ($605M), Turkey ($506M), Poland ($397M), and Canada ($376M).

Net Trade (2022)

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 (2022)

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