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720110 (Harmonized System 1992 for 6-digit)

2022
World Trade $6.57BRnk 590 / 4648
2022
Top Exporter | Top Importer $2.3B | $2.84BBrazil | United States
2022
Product Complexity -0.82Rnk 3620 / 4653
2021 - 2022
Export Growth (CAGR) -3.96%Rnk 3474 / 4648
2022
Share of World Trade 0.028%Rnk 590 / 4648

About

Overview This page contains the latest trade data of Pig iron, non-alloy, <0.5% phosphorus. In 2022, Pig iron, non-alloy, <0.5% phosphorus were the world's 590th most traded product, with a total trade of $6.57B. Between 2021 and 2022 the exports of Pig iron, non-alloy, <0.5% phosphorus decreased by -3.96%, from $6.84B to $6.57B. Trade in Pig iron, non-alloy, <0.5% phosphorus represent 0.028% of total world trade.

Pig iron, non-alloy, <0.5% phosphorus are a part of Pig Iron.

Exports In 2022 the top exporters of Pig iron, non-alloy, <0.5% phosphorus  were Brazil ($2.3B), Russia ($1.77B), Ukraine ($668M), India ($414M), and South Africa ($333M).

Imports In 2022 the top importers of Pig iron, non-alloy, <0.5% phosphorus were United States ($2.84B), Italy ($695M), Turkey ($666M), China ($381M), and Poland ($299M).

Ranking Pig iron, non-alloy, <0.5% phosphorus ranks 3620th in the Product Complexity Index (PCI).

Description Pig iron is an impure form of iron that is used to make steel. Non-alloy refers to the lack of other elements in pig iron, typically phosphorus. In steel production, non-alloy pig iron is used to make steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pig iron, non-alloy, <0.5% phosphorus. 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$2.84B

In 2022 Pig iron, non-alloy, <0.5% phosphorus were the world's 590th most traded product (out of 4,648).

In 2022, the top exporters of Pig iron, non-alloy, <0.5% phosphorus were Brazil ($2.3B), Russia ($1.77B), Ukraine ($668M), India ($414M), and South Africa ($333M).

In 2022, the top importers of Pig iron, non-alloy, <0.5% phosphorus were United States ($2.84B), Italy ($695M), Turkey ($666M), China ($381M), and Poland ($299M).

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Exporters of Pig iron, non-alloy, <0.5% phosphorus (2022)
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Importers of Pig iron, non-alloy, <0.5% phosphorus (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Brazil$601M
Top Destination Growth (2021 -  2022)Poland$172M

Between 2021 and 2022, the exports of Pig iron, non-alloy, <0.5% phosphorus grew the fastest in Brazil ($601M), South Africa ($110M), China ($103M), Canada ($67.4M), and Vietnam ($60.5M).

Between 2021 and 2022, the fastest growing importers of Pig iron, non-alloy, <0.5% phosphorus were Poland ($172M), Spain ($48.8M), India ($41.1M), Italy ($39M), and Belgium ($30.3M).

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Exporters of Pig iron, non-alloy, <0.5% phosphorus (2021 - 2022)

Importers of Pig iron, non-alloy, <0.5% phosphorus (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pig iron, non-alloy, <0.5% phosphorus.

In 2022, market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Pig iron, non-alloy, <0.5% phosphorus are explained by 7 countries.

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Value of Exports in Pig iron, non-alloy, <0.5% phosphorus

Net Trade

TOP NET EXPORTER (2022)Brazil$2.3B
TOP NET IMPORTER (2022)United States$2.83B

This map shows which countries export or import more of Pig iron, non-alloy, <0.5% phosphorus. Each country is colored based on the difference in exports and imports of Pig iron, non-alloy, <0.5% phosphorus during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Pig iron, non-alloy, <0.5% phosphorus were Brazil ($2.3B), Russia ($1.77B), Ukraine ($668M), India ($368M), and South Africa ($333M).

In 2022, the countries that had a largest trade value in imports than in exports of Pig iron, non-alloy, <0.5% phosphorus were United States ($2.83B), Italy ($673M), Turkey ($654M), China ($250M), and Poland ($234M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Pig iron, non-alloy, <0.5% phosphorus.
It is possible to select the main countries that export or import Pig iron, non-alloy, <0.5% phosphorus in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pig iron, non-alloy, <0.5% phosphorus 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 (2022)

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