Pig Iron7201 (Harmonized System 1992 for 4-digit)
2020 World Trade: $4.78B, Rnk 494 / 1217
2020 Top Exporter | Top Importer: $1.34B | $1.59B, China | Russia
2020 Product Complexity: -0.92, Rnk 812 / 1028
2019 - 2020 Export Growth (CAGR): 5.53%, Rnk 194 / 1217
2018 Mean Tariff: 2.26%, Rnk 1217 / 1259
2020 Share of World Trade: 0.029%, Rnk 494 / 1217
Overview This page contains the latest trade data of Pig Iron. In 2020, Pig Iron were the world's 494th most traded product, with a total trade of $4.78B. Between 2019 and 2020 the exports of Pig Iron grew by 5.53%, from $4.53B to $4.78B. Trade in Pig Iron represent 0.029% of total world trade.
Pig Iron are a part of Iron and 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 2020 the top exporters of Pig Iron were Russia ($1.34B), Brazil ($1.14B), Ukraine ($1.05B), Japan ($172M), and Indonesia ($164M).
Imports In 2020 the top importers of Pig Iron were China ($1.59B), United States ($1.24B), Turkey ($445M), Italy ($311M), and Netherlands ($131M).
Tariffs In 2018 the average tariff for Pig Iron was 2.26%, making it the 1217th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Pig Iron are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Pig Iron ranks 812th 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.
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.
Trade By Country
Pig Iron are the world's 494th most traded product.
In 2020, the top exporters of Pig Iron were Russia ($1.34B), Brazil ($1.14B), Ukraine ($1.05B), Japan ($172M), and Indonesia ($164M).
In 2020, the top importers of Pig Iron were China ($1.59B), United States ($1.24B), Turkey ($445M), Italy ($311M), and Netherlands ($131M).
Trade by country
Between 2019 and 2020, the exports of Pig Iron grew the fastest in Ukraine ($154M), Japan ($150M), Brazil ($137M), Indonesia ($91.2M), and India ($44.8M).
Between 2019 and 2020, the fastest growing importers of Pig Iron were China ($1.22B), United Arab Emirates ($39.8M), Turkey ($36.4M), Hong Kong ($22.3M), and Peru ($10.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pig Iron.
In 2020, market concentration measured using Shannon Entropy, was 3.05. This means that most of the exports of Pig Iron are explained by 8 countries.
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Pig Iron were Russia ($1.34B), Brazil ($1.14B), Ukraine ($1.05B), Indonesia ($159M), and Japan ($154M).
In 2020, the countries that had a largest trade value in imports than in exports of Pig Iron were China ($1.59B), United States ($1.24B), Turkey ($441M), Italy ($283M), and Saudi Arabia ($94M).
In 2019, the world most traded Pig Iron, disaggragated by their HS6 level were Pig iron, non-alloy, <0.5% phosphorus ($4.31B), Alloy pig iron, in primary forms ($458M), and Pig iron, non-alloy, >0.5% phosphorus ($14.4M)
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.
In 2018, the average tariff for importing Pig Iron was 2.26%. The countries with the highest tariffs for importing Pig Iron were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Bhutan (19.6%).
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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