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Pricing

Iron or steel; cast articles

7325 (Harmonized System 1992 for 4-digit)

2023
World Trade $7.07BRnk 452 / 1217
2023
Top Exporter | Top Importer $1.55B | $791MChina | Germany
2023
Product Complexity 0.66Rnk 304 / 1044
2022 - 2023
Export Growth (CAGR) -7.36%Rnk 656 / 1217
2023
Share of World Trade 0.031%Rnk 452 / 1217

About

Overview This page contains the latest trade data of Other Cast Iron Products. In 2023, Other Cast Iron Products were the world's 452nd most traded product, with a total trade of $7.07B. Between 2022 and 2023 the exports of Other Cast Iron Products decreased by -7.36%, from $7.64B to $7.07B. Trade in Other Cast Iron Products represent 0.031% of total world trade.

Other Cast Iron Products are a part of Iron/Steel Articles. They include Cast articles of iron or steel, nes, Cast articles, of non-malleable cast iron nes, and Balls, iron or steel, cast, for grinding mills.

Exports In 2023 the top exporters of Other Cast Iron Products  were China ($1.55B), India ($986M), Germany ($585M), Turkey ($380M), and France ($363M).

Imports In 2023 the top importers of Other Cast Iron Products were Germany ($791M), United States ($610M), Italy ($568M), France ($320M), and United Kingdom ($254M).

Ranking Other Cast Iron Products ranks 304th in the Product Complexity Index (PCI).

Description Articles of iron or steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Cast Iron Products. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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$1.55B
Top Destination (2023)Germany$791M

In 2023 Other Cast Iron Products were the world's 452nd most traded product (out of 1,217).

In 2023, the top exporters of Other Cast Iron Products were China ($1.55B), India ($986M), Germany ($585M), Turkey ($380M), and France ($363M).

In 2023, the top importers of Other Cast Iron Products were Germany ($791M), United States ($610M), Italy ($568M), France ($320M), and United Kingdom ($254M).

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Exporters of Other Cast Iron Products (2023)
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Importers of Other Cast Iron Products (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United States$63.5M
Top Destination Growth (2022 -  2023)Panama$38.7M

Between 2022 and 2023, the exports of Other Cast Iron Products grew the fastest in United States ($63.5M), United Kingdom ($31.6M), France ($28.3M), Indonesia ($21.6M), and Romania ($18.2M).

Between 2022 and 2023, the fastest growing importers of Other Cast Iron Products were Panama ($38.7M), Netherlands ($24.3M), Kazakhstan ($19.5M), Slovakia ($15.8M), and Spain ($15.5M).

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Exporters of Other Cast Iron Products (2022 - 2023)

Importers of Other Cast Iron Products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Cast Iron Products.

In 2023, market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Other Cast Iron Products are explained by 20 countries.

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Value of Exports in Other Cast Iron Products

Net Trade

TOP NET EXPORTER (2023)China$1.49B
TOP NET IMPORTER (2023)United States$340M

This map shows which countries export or import more of Other Cast Iron Products. Each country is colored based on the difference in exports and imports of Other Cast Iron Products during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Cast Iron Products were China ($1.49B), India ($911M), Turkey ($341M), Czechia ($153M), and Thailand ($145M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Cast Iron Products were United States ($340M), Italy ($296M), Germany ($207M), Australia ($189M), and Austria ($124M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Cast Iron Products, disaggragated by their HS6 level were Cast articles of iron or steel,... ($3.77B), Cast articles, of non-malleable cast iron... ($2.44B), and Balls, iron or steel, cast, for... ($863M)

HS6 Disaggregation for Other Cast Iron Products (2023)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Other Cast Iron Products.
It is possible to select the main countries that export or import Other Cast Iron Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Cast Iron Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $28.2M
TOP IMPORT POTENTIALChina+ $28.2M

Other Cast Iron Products’s highest export potential is Germany. With an export gap of $28.2M.  Other Cast Iron Products’s highest import potential is China with an import gap of $28.2M.

See methodology.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Cast Iron Products.

Country by Relatedness

The following visualization shows the relatedness of Other Cast Iron Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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