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Iron or steel; articles, n.e.c. in chapter 73

7326 (Harmonized System 1992 for 4-digit)

2022
World Trade $69.9BRnk 57 / 1218
2022
Top Exporter | Top Importer $18.4B | $8.99BChina | United States
2022
Product Complexity 0.78Rnk 253 / 1033
2021 - 2022
Export Growth (CAGR) 10%Rnk 411 / 1218
2022
Share of World Trade 0.3%Rnk 57 / 1218

About

Overview This page contains the latest trade data of Other Iron Products. In 2022, Other Iron Products were the world's 57th most traded product, with a total trade of $69.9B. Between 2021 and 2022 the exports of Other Iron Products grew by 10%, from $63.6B to $69.9B. Trade in Other Iron Products represent 0.3% of total world trade.

Other Iron Products are a part of Iron or steel articles. They include Articles of iron or steel, nes, Articles, iron or steel nes, forged/stamped, nfw, Articles of iron or steel wire, nes, and Balls, iron/steel, forged/stamped for grinding mills.

Exports In 2022 the top exporters of Other Iron Products  were China ($18.4B), Germany ($6.21B), United States ($5.56B), Italy ($4.13B), and Poland ($2.33B).

Imports In 2022 the top importers of Other Iron Products were United States ($8.99B), Germany ($7.58B), Mexico ($3.93B), France ($3.02B), and Japan ($2.47B).

Ranking Other Iron Products ranks 253rd 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 cast iron, wrought iron, and steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other 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.

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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)China$18.4B
Top Destination (2022)United States$8.99B

In 2022 Other Iron Products were the world's 57th most traded product (out of 1,218).

In 2022, the top exporters of Other Iron Products were China ($18.4B), Germany ($6.21B), United States ($5.56B), Italy ($4.13B), and Poland ($2.33B).

In 2022, the top importers of Other Iron Products were United States ($8.99B), Germany ($7.58B), Mexico ($3.93B), France ($3.02B), and Japan ($2.47B).

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

Color
Top Origin Growth (2021 -  2022)China$3.03B
Top Destination Growth (2021 -  2022)United States$1.34B

Between 2021 and 2022, the exports of Other Iron Products grew the fastest in China ($3.03B), United States ($555M), Mexico ($452M), Italy ($250M), and Canada ($230M).

Between 2021 and 2022, the fastest growing importers of Other Iron Products were United States ($1.34B), Mexico ($701M), Germany ($656M), India ($341M), and Malaysia ($299M).

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Exporters of Other Iron Products (2021 - 2022)

Importers of Other Iron Products (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Other Iron Products are explained by 22 countries.

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Value of Exports in Other Iron Products

Net Trade

TOP NET EXPORTER (2022)China$16B
TOP NET IMPORTER (2022)United States$3.43B

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

In 2022, the countries that had a largest trade value in exports than in imports of Other Iron Products were China ($16B), Italy ($2.71B), Czechia ($959M), Chinese Taipei ($887M), and Poland ($668M).

In 2022, the countries that had a largest trade value in imports than in exports of Other Iron Products were United States ($3.43B), Mexico ($1.98B), Germany ($1.37B), Japan ($1.04B), and France ($900M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Other Iron Products, disaggragated by their HS6 level were Articles of iron or steel, nes ($58.6B), Articles, iron or steel nes, forged/stamped,... ($4.98B), Articles of iron or steel wire,... ($4.68B), and Balls, iron/steel, forged/stamped for grinding mills ($1.67B)

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $101M
TOP IMPORT POTENTIALChina+ $335M

Other Iron Products’s highest export potential is Canada. With an export gap of $101M.  Other Iron Products’s highest import potential is China with an import gap of $335M.

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 Products.

Country by Relatedness

The following visualization shows the relatedness of Other 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 (2022)

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