Other Iron ProductsIron or steel; articles, n.e.c. in chapter 73
7326 (Harmonized System 1992 for 4-digit)
2021 World Trade: $63B, Rnk 66 / 1217
2021 Top Exporter | Top Importer: $15.2B | $7.69B, China | United States
2021 Product Complexity: 0.69, Rnk 281 / 1024
2020 - 2021 Export Growth (CAGR): 26.7%, Rnk 403 / 1217
2018 Mean Tariff: 7.68%, Rnk 566 / 1259
2021 Share of World Trade: 0.3%, Rnk 66 / 1217
Overview This page contains the latest trade data of Other Iron Products. In 2021, Other Iron Products were the world's 66th most traded product, with a total trade of $63B. Between 2020 and 2021 the exports of Other Iron Products grew by 26.7%, from $49.8B to $63B. 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 2021 the top exporters of Other Iron Products were China ($15.2B), Germany ($6.16B), United States ($4.99B), Italy ($3.9B), and Poland ($2.11B).
Imports In 2021 the top importers of Other Iron Products were United States ($7.69B), Germany ($6.97B), Mexico ($3.25B), France ($3B), and Japan ($2.54B).
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 281st 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 (2021): China, $15.2B
Top Destination (2021): United States, $7.69B
Other Iron Products are the world's 66th most traded product.
In 2021, the top exporters of Other Iron Products were China ($15.2B), Germany ($6.16B), United States ($4.99B), Italy ($3.9B), and Poland ($2.11B).
In 2021, the top importers of Other Iron Products were United States ($7.69B), Germany ($6.97B), Mexico ($3.25B), France ($3B), and Japan ($2.54B).
Trade by country
Top Origin Growth (2020 - 2021): China, $4.27B
Top Destination Growth (2020 - 2021): United States, $1.69B
Between 2020 and 2021, the exports of Other Iron Products grew the fastest in China ($4.27B), Germany ($1.1B), United States ($906M), Italy ($777M), and Poland ($513M).
Between 2020 and 2021, the fastest growing importers of Other Iron Products were United States ($1.69B), Germany ($1.67B), Mexico ($883M), France ($628M), and Netherlands ($404M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Other Iron Products.
In 2021, market concentration measured using Shannon Entropy, was 4.54. This means that most of the exports of Other Iron Products are explained by 23 countries.
TOP NET EXPORTER (2021): China, $12.9B
TOP NET IMPORTER (2021): United States, $2.7B
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Other Iron Products were China ($12.9B), Italy ($2.58B), Czechia ($897M), Chinese Taipei ($721M), and Poland ($611M).
In 2021, the countries that had a largest trade value in imports than in exports of Other Iron Products were United States ($2.7B), Mexico ($1.74B), France ($1.05B), Japan ($975M), and Australia ($819M).
In 2021, the world most traded Other Iron Products, disaggragated by their HS6 level were Articles of iron or steel, nes ($53.4B), Articles, iron or steel nes, forged/stamped,... ($4.15B), Articles of iron or steel wire,... ($4.14B), and Balls, iron/steel, forged/stamped for grinding mills ($1.32B)
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.
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