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Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72

7215 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.96BRnk 670 / 1217
2023
Top Exporter | Top Importer $545M | $444MItaly | Germany
2023
Product Complexity 0.0026Rnk 569 / 1044
2022 - 2023
Export Growth (CAGR) -21.4%Rnk 1064 / 1217
2023
Share of World Trade 0.013%Rnk 670 / 1217

About

Overview This page contains the latest trade data of Other Iron Bars. In 2023, Other Iron Bars were the world's 670th most traded product, with a total trade of $2.96B. Between 2022 and 2023 the exports of Other Iron Bars decreased by -21.4%, from $3.76B to $2.96B. Trade in Other Iron Bars represent 0.013% of total world trade.

Other Iron Bars are a part of Iron & steel. They include Bar/rod, cold formed/finished free cutting steel, Bar/rod, iron or non-alloy steel, nes, Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C, Bar/rod, iron or non-alloy steel, cold formed/finished, >0.6%C, and Bar/rod, iron or non-alloy steel, cold formed/finished, 0.25-0.6%C.

Exports In 2023 the top exporters of Other Iron Bars  were Italy ($545M), Germany ($348M), Spain ($183M), China ($163M), and France ($161M).

Imports In 2023 the top importers of Other Iron Bars were Germany ($444M), France ($199M), Mexico ($172M), Poland ($168M), and United States ($136M).

Ranking Other Iron Bars ranks 569th in the Product Complexity Index (PCI).

Description Bars and rods of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including cast iron, carbon steel, stainless steel, and alloy steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Iron Bars. 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)Italy$545M
Top Destination (2023)Germany$444M

In 2023 Other Iron Bars were the world's 670th most traded product (out of 1,217).

In 2023, the top exporters of Other Iron Bars were Italy ($545M), Germany ($348M), Spain ($183M), China ($163M), and France ($161M).

In 2023, the top importers of Other Iron Bars were Germany ($444M), France ($199M), Mexico ($172M), Poland ($168M), and United States ($136M).

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Exporters of Other Iron Bars (2023)
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Importers of Other Iron Bars (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$23.4M
Top Destination Growth (2022 -  2023)Mexico$21.1M

Between 2022 and 2023, the exports of Other Iron Bars grew the fastest in Malaysia ($23.4M), Sweden ($13.3M), China ($5.99M), Slovenia ($5.21M), and Luxembourg ($4.83M).

Between 2022 and 2023, the fastest growing importers of Other Iron Bars were Mexico ($21.1M), Somalia ($4.03M), Morocco ($2.6M), Brunei ($2.49M), and Nicaragua ($2.43M).

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Exporters of Other Iron Bars (2022 - 2023)

Importers of Other Iron Bars (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Other Iron Bars are explained by 23 countries.

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Value of Exports in Other Iron Bars

Net Trade

TOP NET EXPORTER (2023)Italy$456M
TOP NET IMPORTER (2023)Mexico$168M

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

In 2023, the countries that had a largest trade value in exports than in imports of Other Iron Bars were Italy ($456M), India ($135M), Spain ($105M), China ($89.1M), and Turkey ($64.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Iron Bars were Mexico ($168M), Germany ($96.3M), Poland ($81M), Netherlands ($76.1M), and Singapore ($73.8M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Iron Bars, disaggragated by their HS6 level were Bar/rod, iron or non-alloy steel, cold... ($1.38B), Bar/rod, cold formed/finished free cutting steel ($794M), Bar/rod, iron or non-alloy steel, nes ($781M), and Bar/rod, iron or non-alloy steel, cold... ($5.44k)

HS6 Disaggregation for Other Iron Bars (2023)
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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 Other Iron Bars.
It is possible to select the main countries that export or import Other Iron Bars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Iron Bars by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $6.23M
TOP IMPORT POTENTIALFrance+ $3.99M

Other Iron Bars’s highest export potential is United States. With an export gap of $6.23M.  Other Iron Bars’s highest import potential is France with an import gap of $3.99M.

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 Iron Bars.

Country by Relatedness

The following visualization shows the relatedness of Other Iron Bars 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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