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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)

2022
World Trade $3.68BRnk 631 / 1218
2022
Top Exporter | Top Importer $690M | $608MItaly | Germany
2022
Product Complexity -0.25Rnk 638 / 1033
2021 - 2022
Export Growth (CAGR) 8.42%Rnk 464 / 1218
2022
Share of World Trade 0.016%Rnk 631 / 1218

About

Overview This page contains the latest trade data of Other Iron Bars. In 2022, Other Iron Bars were the world's 631st most traded product, with a total trade of $3.68B. Between 2021 and 2022 the exports of Other Iron Bars grew by 8.42%, from $3.39B to $3.68B. Trade in Other Iron Bars represent 0.016% 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 2022 the top exporters of Other Iron Bars  were Italy ($690M), Germany ($402M), France ($218M), Spain ($214M), and Turkey ($180M).

Imports In 2022 the top importers of Other Iron Bars were Germany ($608M), France ($234M), Poland ($204M), Singapore ($156M), and Mexico ($143M).

Ranking Other Iron Bars ranks 638th 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 (2022)Italy$690M
Top Destination (2022)Germany$608M

In 2022 Other Iron Bars were the world's 631st most traded product (out of 1,218).

In 2022, the top exporters of Other Iron Bars were Italy ($690M), Germany ($402M), France ($218M), Spain ($214M), and Turkey ($180M).

In 2022, the top importers of Other Iron Bars were Germany ($608M), France ($234M), Poland ($204M), Singapore ($156M), and Mexico ($143M).

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Exporters of Other Iron Bars (2022)
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Importers of Other Iron Bars (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$93.7M
Top Destination Growth (2021 -  2022)Poland$40M

Between 2021 and 2022, the exports of Other Iron Bars grew the fastest in Germany ($93.7M), India ($73.7M), China ($43.2M), Romania ($39.7M), and Vietnam ($38.1M).

Between 2021 and 2022, the fastest growing importers of Other Iron Bars were Poland ($40M), France ($27.8M), Israel ($26.6M), Mexico ($26.6M), and Singapore ($23.7M).

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Exporters of Other Iron Bars (2021 - 2022)

Importers of Other Iron Bars (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Other Iron Bars are explained by 24 countries.

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Value of Exports in Other Iron Bars

Net Trade

TOP NET EXPORTER (2022)Italy$589M
TOP NET IMPORTER (2022)Germany$206M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Other Iron Bars were Italy ($589M), India ($151M), Spain ($132M), Turkey ($132M), and Romania ($123M).

In 2022, the countries that had a largest trade value in imports than in exports of Other Iron Bars were Germany ($206M), Singapore ($145M), Mexico ($139M), Poland ($78.6M), and Netherlands ($76M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Other Iron Bars, disaggragated by their HS6 level were Bar/rod, iron or non-alloy steel, cold... ($1.72B), Bar/rod, iron or non-alloy steel, nes ($1B), Bar/rod, cold formed/finished free cutting steel ($959M), and Bar/rod, iron or non-alloy steel, cold... ($122k)

HS6 Disaggregation for Other Iron Bars (2022)
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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 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 (2022)

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 (2022)

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