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Alloy steel bars, rods, shapes and sections; hollow drill bars and rods, of alloy or non-alloy steel

7228 (Harmonized System 1992 for 4-digit)

2023
World Trade $13.8BRnk 286 / 1217
2023
Top Exporter | Top Importer $3.16B | $1.53BChina | Germany
2023
Product Complexity 0.33Rnk 441 / 1044
2022 - 2023
Export Growth (CAGR) -12.7%Rnk 835 / 1217
2023
Share of World Trade 0.061%Rnk 286 / 1217

About

Overview This page contains the latest trade data of Other Steel Bars. In 2023, Other Steel Bars were the world's 286th most traded product, with a total trade of $13.8B. Between 2022 and 2023 the exports of Other Steel Bars decreased by -12.7%, from $15.9B to $13.8B. Trade in Other Steel Bars represent 0.061% of total world trade.

Other Steel Bars are a part of Iron & steel. They include Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude, Bar/rod nes, alloy steel nes, nfw cold formed/finishe, Bar/rod nes, alloy steel nes, nfw forged, Angles, shapes and sections, alloy steel, nes, Bar/rod of high speed steel not in coils, Bar/rod, alloy steel nes, Bar/rod of silico-manganese steel not in coils, and Hollow drill bars and rods of alloy/non-alloy steel.

Exports In 2023 the top exporters of Other Steel Bars  were China ($3.16B), Germany ($1.62B), Japan ($940M), Italy ($888M), and United States ($779M).

Imports In 2023 the top importers of Other Steel Bars were Germany ($1.53B), United States ($954M), Mexico ($804M), Italy ($756M), and France ($650M).

Ranking Other Steel Bars ranks 441st in the Product Complexity Index (PCI).

Description Other bars and rods of alloy steel other than stainless are used in the production of other goods. They can be made from a variety of materials, including carbon steel, chrome-molybdenum steel, nickel-chromium steel, and stainless steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Steel 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 (2023)China$3.16B
Top Destination (2023)Germany$1.53B

In 2023 Other Steel Bars were the world's 286th most traded product (out of 1,217).

In 2023, the top exporters of Other Steel Bars were China ($3.16B), Germany ($1.62B), Japan ($940M), Italy ($888M), and United States ($779M).

In 2023, the top importers of Other Steel Bars were Germany ($1.53B), United States ($954M), Mexico ($804M), Italy ($756M), and France ($650M).

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Exporters of Other Steel Bars (2023)
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Importers of Other Steel Bars (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$318M
Top Destination Growth (2022 -  2023)South Korea$102M

Between 2022 and 2023, the exports of Other Steel Bars grew the fastest in China ($318M), Singapore ($52.4M), Brazil ($29.7M), United States ($22.2M), and Australia ($9.99M).

Between 2022 and 2023, the fastest growing importers of Other Steel Bars were South Korea ($102M), Brunei ($40M), Philippines ($38.1M), India ($24.2M), and El Salvador ($17M).

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Exporters of Other Steel Bars (2022 - 2023)

Importers of Other Steel Bars (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Other Steel Bars are explained by 19 countries.

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Value of Exports in Other Steel Bars

Net Trade

TOP NET EXPORTER (2023)China$2.58B
TOP NET IMPORTER (2023)Mexico$748M

This map shows which countries export or import more of Other Steel Bars. Each country is colored based on the difference in exports and imports of Other Steel Bars during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Steel Bars were China ($2.58B), Japan ($829M), Sweden ($416M), Spain ($220M), and Austria ($172M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Steel Bars were Mexico ($748M), Indonesia ($425M), Thailand ($411M), Peru ($251M), and France ($243M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Steel Bars, disaggragated by their HS6 level were Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude ($7.53B), Bar/rod nes, alloy steel nes, nfw... ($2.44B), Bar/rod nes, alloy steel nes, nfw... ($1.44B), Bar/rod of high speed steel not... ($761M), and Angles, shapes and sections, alloy steel,... ($628M)

HS6 Disaggregation for Other Steel Bars (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Other Steel Bars.
It is possible to select the main countries that export or import Other Steel Bars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Steel Bars by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $13M
TOP IMPORT POTENTIALChina+ $60.3M

Other Steel Bars’s highest export potential is China. With an export gap of $13M.  Other Steel Bars’s highest import potential is China with an import gap of $60.3M.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Steel Bars.

Country by Relatedness

The following visualization shows the relatedness of Other Steel 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 (2023)

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