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

7201 (Harmonized System 1992 for 4-digit)

2022
World Trade $6.86BRnk 473 / 1218
2022
Top Exporter | Top Importer $2.3B | $2.87BBrazil | United States
2022
Product Complexity -1.11Rnk 873 / 1033
2021 - 2022
Export Growth (CAGR) -5.08%Rnk 1021 / 1218
2022
Share of World Trade 0.029%Rnk 473 / 1218

About

Overview This page contains the latest trade data of Pig Iron. In 2022, Pig Iron were the world's 473rd most traded product, with a total trade of $6.86B. Between 2021 and 2022 the exports of Pig Iron decreased by -5.08%, from $7.23B to $6.86B. Trade in Pig Iron represent 0.029% 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 2022 the top exporters of Pig Iron  were Brazil ($2.3B), Russia ($1.78B), Ukraine ($668M), India ($449M), and South Africa ($350M).

Imports In 2022 the top importers of Pig Iron were United States ($2.87B), Italy ($705M), Turkey ($666M), China ($427M), and Poland ($301M).

Ranking Pig Iron ranks 873rd 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 Trends

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.

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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 (2022)Brazil$2.3B
Top Destination (2022)United States$2.87B

In 2022 Pig Iron were the world's 473rd most traded product (out of 1,218).

In 2022, the top exporters of Pig Iron were Brazil ($2.3B), Russia ($1.78B), Ukraine ($668M), India ($449M), and South Africa ($350M).

In 2022, the top importers of Pig Iron were United States ($2.87B), Italy ($705M), Turkey ($666M), China ($427M), and Poland ($301M).

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Exporters of Pig Iron (2022)
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Importers of Pig Iron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Brazil$601M
Top Destination Growth (2021 -  2022)Poland$171M

Between 2021 and 2022, the exports of Pig Iron grew the fastest in Brazil ($601M), South Africa ($112M), China ($104M), Canada ($66.9M), and Vietnam ($61.6M).

Between 2021 and 2022, the fastest growing importers of Pig Iron were Poland ($171M), India ($46.8M), Spain ($46.6M), Belgium ($31.4M), and Italy ($30.4M).

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Exporters of Pig Iron (2021 - 2022)

Importers of Pig Iron (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.17. 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 (2022)Brazil$2.3B
TOP NET IMPORTER (2022)United States$2.86B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Pig Iron were Brazil ($2.3B), Russia ($1.78B), Ukraine ($668M), India ($382M), and South Africa ($348M).

In 2022, the countries that had a largest trade value in imports than in exports of Pig Iron were United States ($2.86B), Italy ($669M), Turkey ($655M), China ($291M), and Poland ($235M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Pig Iron, disaggragated by their HS6 level were Pig iron, non-alloy, <0.5% phosphorus ($6.57B), Alloy pig iron, in primary forms ($268M), and Pig iron, non-alloy, >0.5% phosphorus ($20.6M)

HS6 Disaggregation for Pig Iron (2022)
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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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $35M
TOP IMPORT POTENTIALSouth Africa+ $62.4k

Pig Iron’s highest export potential is China. With an export gap of $35M.  Pig Iron’s highest import potential is South Africa with an import gap of $62.4k.

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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 (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Pig Iron.

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 (2022)

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