Other Iron Bars7215 (Harmonized System 1992 for 4-digit)
2020 World Trade: $2.13B, Rnk 696 / 1217
2020 Top Exporter | Top Importer: $347M | $350M, Italy | Germany
2020 Product Complexity: 0.13, Rnk 505 / 1028
2019 - 2020 Export Growth (CAGR): -23.6%, Rnk 1079 / 1217
2018 Mean Tariff: 7.34%, Rnk 597 / 1259
2020 Share of World Trade: 0.013%, Rnk 696 / 1217
Overview This page contains the latest trade data of Other Iron Bars. In 2020, Other Iron Bars were the world's 696th most traded product, with a total trade of $2.13B. Between 2019 and 2020 the exports of Other Iron Bars decreased by -23.6%, from $2.79B to $2.13B. 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, >0.6%C, Bar/rod, iron or non-alloy steel, cold formed/finished, <0.25%C, and Bar/rod, iron or non-alloy steel, cold formed/finished, 0.25-0.6%C.
Exports In 2020 the top exporters of Other Iron Bars were Italy ($347M), Germany ($203M), United States ($117M), Spain ($116M), and France ($112M).
Imports In 2020 the top importers of Other Iron Bars were Germany ($350M), Mexico ($134M), France ($126M), Poland ($105M), and United States ($105M).
Tariffs In 2018 the average tariff for Other Iron Bars was 7.34%, making it the 597th lowest tariff using the HS4 product classification.
Ranking Other Iron Bars ranks 505th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Other Iron Bars are the world's 696th most traded product.
In 2020, the top exporters of Other Iron Bars were Italy ($347M), Germany ($203M), United States ($117M), Spain ($116M), and France ($112M).
In 2020, the top importers of Other Iron Bars were Germany ($350M), Mexico ($134M), France ($126M), Poland ($105M), and United States ($105M).
Trade by country
Top Origin Growth (2019 - 2020): United States, $6.82M
Top Destination Growth (2019 - 2020): South Korea, $19.7M
Between 2019 and 2020, the exports of Other Iron Bars grew the fastest in United States ($6.82M), China ($6.79M), Malaysia ($6.04M), Guatemala ($3.42M), and United Arab Emirates ($2.89M).
Between 2019 and 2020, the fastest growing importers of Other Iron Bars were South Korea ($19.7M), Haiti ($3.14M), Qatar ($2.43M), China ($2M), and Philippines ($1.89M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Iron Bars.
In 2020, market concentration measured using Shannon Entropy, was 4.77. This means that most of the exports of Other Iron Bars are explained by 27 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Other Iron Bars were Italy ($296M), Spain ($76.6M), Turkey ($66.9M), Romania ($57.4M), and India ($52.4M).
In 2020, the countries that had a largest trade value in imports than in exports of Other Iron Bars were Germany ($148M), Mexico ($130M), Singapore ($85.9M), Poland ($46.6M), and Slovakia ($31.2M).
In 2020, the world most traded Other Iron Bars, disaggragated by their HS6 level were Bar/rod, iron or non-alloy steel, cold... ($911M), Bar/rod, cold formed/finished free cutting steel ($579M), Bar/rod, iron or non-alloy steel, nes ($577M), and Bar/rod, iron or non-alloy steel, cold... ($67.3M)
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.
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.
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 lamb