Other Iron Products7326 (Harmonized System 1992 for 4-digit)
2020 World Trade: $49.9B, Rnk 66 / 1217
2020 Top Exporter | Top Importer: $11B | $6.01B, China | United States
2020 Product Complexity: 0.86, Rnk 224 / 1028
2019 - 2020 Export Growth (CAGR): -7.5%, Rnk 623 / 1217
2018 Mean Tariff: 7.68%, Rnk 566 / 1259
2020 Share of World Trade: 0.3%, Rnk 66 / 1217
Overview This page contains the latest trade data of Other Iron Products. In 2020, Other Iron Products were the world's 66th most traded product, with a total trade of $49.9B. Between 2019 and 2020 the exports of Other Iron Products decreased by -7.5%, from $53.9B to $49.9B. 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 2020 the top exporters of Other Iron Products were China ($11B), Germany ($5.09B), United States ($4.2B), Italy ($3.05B), and France ($1.64B).
Imports In 2020 the top importers of Other Iron Products were United States ($6.01B), Germany ($5.34B), France ($2.37B), Mexico ($2.36B), and Japan ($2.23B).
Tariffs In 2018 the average tariff for Other Iron Products was 7.68%, making it the 566th lowest tariff using the HS4 product classification.
Ranking Other Iron Products ranks 224th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $11B
Top Destination (2020): United States, $6.01B
Other Iron Products are the world's 66th most traded product.
In 2020, the top exporters of Other Iron Products were China ($11B), Germany ($5.09B), United States ($4.2B), Italy ($3.05B), and France ($1.64B).
In 2020, the top importers of Other Iron Products were United States ($6.01B), Germany ($5.34B), France ($2.37B), Mexico ($2.36B), and Japan ($2.23B).
Trade by country
Between 2019 and 2020, the exports of Other Iron Products grew the fastest in China ($127M), Israel ($61.8M), Ireland ($50.6M), Norway ($39M), and Netherlands ($31.3M).
Between 2019 and 2020, the fastest growing importers of Other Iron Products were Vietnam ($115M), Philippines ($57.9M), Thailand ($54.9M), Australia ($50.6M), and Denmark ($46.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Iron Products.
In 2020, market concentration measured using Shannon Entropy, was 4.6. This means that most of the exports of Other Iron Products are explained by 24 countries.
TOP NET EXPORTER (2020): China, $8.99B
TOP NET IMPORTER (2020): United States, $1.81B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Other Iron Products were China ($8.99B), Italy ($2.1B), Czechia ($691M), Chinese Taipei ($586M), and Poland ($437M).
In 2020, the countries that had a largest trade value in imports than in exports of Other Iron Products were United States ($1.81B), Mexico ($1.15B), Japan ($836M), France ($725M), and Australia ($600M).
In 2020, the world most traded Other Iron Products, disaggragated by their HS6 level were Articles of iron or steel, nes ($42.4B), Articles, iron or steel nes, forged/stamped,... ($3.24B), Articles of iron or steel wire,... ($3.2B), and Balls, iron/steel, forged/stamped for grinding mills ($1.04B)
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.
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