Iron or non-alloy steel; flat-rolled products, width less than 600mm, not clad, plated or coated

7211 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Large Flat-Rolled Iron. In 2022, Large Flat-Rolled Iron were the world's 502nd most traded product, with a total trade of $6.3B. Between 2021 and 2022 the exports of Large Flat-Rolled Iron grew by 5.05%, from $6B to $6.3B. Trade in Large Flat-Rolled Iron represent 0.027% of total world trade.

Large Flat-Rolled Iron are a part of Iron & steel. They include Flat rolled iron or non-alloy steel, width <600mm, unclad, <0.25% C, ne, Hot Rolled Iron/Non-Alloy Steel (<600mm, Unclad, NES), Hot Rolled Iron/Non-Alloy Steel (<600mm, t<3mm MYP 275/t>3mm MYP 355), Hot Rolled Iron/Non-Alloy Steel (<600mm, t>4.75mm, Unclad, NES), Flat rolled iron or non-alloy steel, width <600mm, unclad, nes, Flat rolled iron or non-alloy steel, width <600mm, unclad, nes, Hot box rolled iron or non-alloy steel, flat, w 150-600mm,t >4mm, uncla, Cold rolled iron or non-alloy steel, width <600mm, <3mm-myp275, >3mm-35, Hot Rolled Iron/Non-Alloy Steel (<600mm, t>4.75mm, MYP 355), and Hot box roll iron or non-alloy steel, flat, w 150-600mm, t >4mm,..., among others.

Exports In 2022 the top exporters of Large Flat-Rolled Iron  were Germany ($1.46B), Italy ($674M), China ($504M), United States ($488M), and Austria ($300M).

Imports In 2022 the top importers of Large Flat-Rolled Iron were Germany ($640M), France ($459M), United States ($418M), Austria ($392M), and Poland ($348M).

Ranking Large Flat-Rolled Iron ranks 304th in the Product Complexity Index (PCI).

Description Flat-rolled products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.

Latest Data

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The following visualization shows the latest trends on Large Flat-Rolled Iron. 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)Germany$1.46B
Top Destination (2022)Germany$640M

In 2022 Large Flat-Rolled Iron were the world's 502nd most traded product (out of 1,218).

In 2022, the top exporters of Large Flat-Rolled Iron were Germany ($1.46B), Italy ($674M), China ($504M), United States ($488M), and Austria ($300M).

In 2022, the top importers of Large Flat-Rolled Iron were Germany ($640M), France ($459M), United States ($418M), Austria ($392M), and Poland ($348M).

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Exporters of Large Flat-Rolled Iron (2022)
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Importers of Large Flat-Rolled Iron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$183M
Top Destination Growth (2021 -  2022)Philippines$60.5M

Between 2021 and 2022, the exports of Large Flat-Rolled Iron grew the fastest in China ($183M), Germany ($150M), United States ($83.2M), Canada ($54.6M), and Austria ($44.6M).

Between 2021 and 2022, the fastest growing importers of Large Flat-Rolled Iron were Philippines ($60.5M), Spain ($56.2M), Mexico ($48.3M), Canada ($47.8M), and Germany ($47.6M).

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Exporters of Large Flat-Rolled Iron (2021 - 2022)

Importers of Large Flat-Rolled Iron (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Large Flat-Rolled Iron.

In 2022, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Large Flat-Rolled Iron are explained by 19 countries.

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Value of Exports in Large Flat-Rolled Iron

Net Trade

TOP NET EXPORTER (2022)Germany$825M
TOP NET IMPORTER (2022)France$342M

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

In 2022, the countries that had a largest trade value in exports than in imports of Large Flat-Rolled Iron were Germany ($825M), Italy ($486M), China ($407M), South Korea ($132M), and Turkey ($103M).

In 2022, the countries that had a largest trade value in imports than in exports of Large Flat-Rolled Iron were France ($342M), Poland ($210M), Mexico ($164M), Switzerland ($126M), and Czechia ($106M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Large Flat-Rolled Iron, disaggragated by their HS6 level were Hot Rolled Iron/Non-Alloy Steel (<600mm, t<3mm... ($2.08B), Flat rolled iron or non-alloy steel,... ($1.57B), Hot Rolled Iron/Non-Alloy Steel (<600mm, Unclad,... ($1.05B), Hot Rolled Iron/Non-Alloy Steel (<600mm, t>4.75mm,... ($795M), and Flat rolled iron or non-alloy steel,... ($496M)

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

Top 10 Exporters Countries of Large Flat-Rolled Iron by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $2.98M
TOP IMPORT POTENTIALGermany+ $18.4M

Large Flat-Rolled Iron’s highest export potential is China. With an export gap of $2.98M.  Large Flat-Rolled Iron’s highest import potential is Germany with an import gap of $18.4M.

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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 Large Flat-Rolled Iron 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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