Pig iron and spiegeleisen in pigs, blocks or other primary forms

7201 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Pig Iron. In 2021, Pig Iron were the world's 445th most traded product, with a total trade of $7.16B. Between 2020 and 2021 the exports of Pig Iron grew by 49.7%, from $4.78B to $7.16B. Trade in Pig Iron represent 0.034% of total world trade.

Pig Iron are a part of Iron & steel. They include Pig iron, non-alloy, <0.5% phosphorus, Alloy pig iron, in primary forms, Pig iron, non-alloy, >0.5% phosphorus, and Spiegeleisen in primary forms.

Exports In 2021 the top exporters of Pig Iron  were Russia ($2.04B), Brazil ($1.69B), Ukraine ($1.61B), India ($479M), and South Africa ($240M).

Imports In 2021 the top importers of Pig Iron were United States ($2.93B), China ($769M), Turkey ($713M), Italy ($678M), and Netherlands ($286M).

Ranking Pig Iron ranks 889th in the Product Complexity Index (PCI).

Description Pig iron is a type of iron that has been made by melting pig iron. It's used in the production of steel, and is usually sold as a raw material. Pig iron can also be used to make other products, such as castings and foundry sand. Spiegeleisen is a type of iron that has been made by melting spiegeleisen. It's used in the production of steel, and is usually sold as a raw material.

Latest Data

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The following visualization shows the latest trends on Pig Iron. 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.

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Historical Data

Exporters and Importers

Top Origin (2021)Russia$2.04B
Top Destination (2021)United States$2.93B

In 2021 Pig Iron were the world's 445th most traded product (out of 1,217).

In 2021, the top exporters of Pig Iron were Russia ($2.04B), Brazil ($1.69B), Ukraine ($1.61B), India ($479M), and South Africa ($240M).

In 2021, the top importers of Pig Iron were United States ($2.93B), China ($769M), Turkey ($713M), Italy ($678M), and Netherlands ($286M).

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Exporters of Pig Iron (2021)
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Importers of Pig Iron (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Russia$698M
Top Destination Growth (2020 -  2021)United States$1.69B

Between 2020 and 2021, the exports of Pig Iron grew the fastest in Russia ($698M), Ukraine ($558M), Brazil ($546M), India ($340M), and South Africa ($101M).

Between 2020 and 2021, the fastest growing importers of Pig Iron were United States ($1.69B), Italy ($367M), Turkey ($269M), Netherlands ($155M), and Chinese Taipei ($136M).

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Exporters of Pig Iron (2020 - 2021)

Importers of Pig Iron (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pig Iron.

In 2021, market concentration measured using Shannon Entropy, was 3.03. This means that most of the exports of Pig Iron are explained by 8 countries.

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Value of Exports in Pig Iron

Net Trade

TOP NET EXPORTER (2021)Russia$2.04B
TOP NET IMPORTER (2021)United States$2.92B

This map shows which countries export or import more of Pig Iron. Each country is colored based on the difference in exports and imports of Pig Iron during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Pig Iron were Russia ($2.04B), Brazil ($1.68B), Ukraine ($1.61B), India ($460M), and South Africa ($237M).

In 2021, the countries that had a largest trade value in imports than in exports of Pig Iron were United States ($2.92B), China ($737M), Turkey ($710M), Italy ($638M), and Netherlands ($216M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Pig Iron, disaggragated by their HS6 level were Pig iron, non-alloy, <0.5% phosphorus ($6.77B), Alloy pig iron, in primary forms ($349M), and Pig iron, non-alloy, >0.5% phosphorus ($36.7M)

HS6 Disaggregation for Pig Iron (2021)
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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 Pig Iron.
It is possible to select the main countries that export or import Pig Iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pig Iron by percentage of total exports

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 (2021)

Country by Relatedness

The following visualization shows the relatedness of Pig Iron to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2021)

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