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720521 (Harmonized System 1992 for 6-digit)

2023
World Trade $773MRnk 2403 / 4644
2023
Top Exporter | Top Importer $173M | $147MSweden | China
2023
Product Complexity 1.43Rnk 217 / 4656
2022 - 2023
Export Growth (CAGR) -5.52%Rnk 2157 / 4644
2023
Share of World Trade 0.0034%Rnk 2403 / 4644

About

Overview This page contains the latest trade data of Powders, alloy steel. In 2023, Powders, alloy steel were the world's 2403rd most traded product, with a total trade of $773M. Between 2022 and 2023 the exports of Powders, alloy steel decreased by -5.52%, from $818M to $773M. Trade in Powders, alloy steel represent 0.0034% of total world trade.

Powders, alloy steel are a part of Iron Powder.

Exports In 2023 the top exporters of Powders, alloy steel  were Sweden ($173M), Japan ($143M), Canada ($93.2M), United States ($65.2M), and United Kingdom ($64.5M).

Imports In 2023 the top importers of Powders, alloy steel were China ($147M), United States ($137M), Germany ($79.4M), South Korea ($78.9M), and Japan ($43.2M).

Ranking Powders, alloy steel ranks 217th in the Product Complexity Index (PCI).

Description Alloy steel is a mixture of iron and other metals. Alloy steel is often used in building construction, bridges, and other large structures. Powders are the result of grinding or crushing, and are usually a powdery substance. Powders are used in industrial settings to make paint, metal polish, and other substances that are used to coat or protect different items.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Powders, alloy steel. 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)Sweden$173M
Top Destination (2023)China$147M

In 2023 Powders, alloy steel were the world's 2403rd most traded product (out of 4,644).

In 2023, the top exporters of Powders, alloy steel were Sweden ($173M), Japan ($143M), Canada ($93.2M), United States ($65.2M), and United Kingdom ($64.5M).

In 2023, the top importers of Powders, alloy steel were China ($147M), United States ($137M), Germany ($79.4M), South Korea ($78.9M), and Japan ($43.2M).

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Exporters of Powders, alloy steel (2023)
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Importers of Powders, alloy steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$14.5M
Top Destination Growth (2022 -  2023)Philippines$11.5M

Between 2022 and 2023, the exports of Powders, alloy steel grew the fastest in South Korea ($14.5M), Canada ($3.43M), China ($2.21M), Sweden ($2.04M), and Belgium ($1.74M).

Between 2022 and 2023, the fastest growing importers of Powders, alloy steel were Philippines ($11.5M), Spain ($3.99M), Mexico ($3.83M), United Kingdom ($3.31M), and Sweden ($2.8M).

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Exporters of Powders, alloy steel (2022 - 2023)

Importers of Powders, alloy steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Powders, alloy steel.

In 2023, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Powders, alloy steel are explained by 10 countries.

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Value of Exports in Powders, alloy steel

Net Trade

TOP NET EXPORTER (2023)Sweden$166M
TOP NET IMPORTER (2023)China$90.7M

This map shows which countries export or import more of Powders, alloy steel. Each country is colored based on the difference in exports and imports of Powders, alloy steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Powders, alloy steel were Sweden ($166M), Japan ($100M), Canada ($89.3M), Belgium ($58.3M), and United Kingdom ($34M).

In 2023, the countries that had a largest trade value in imports than in exports of Powders, alloy steel were China ($90.7M), United States ($71.7M), Germany ($50M), South Korea ($46.4M), and Spain ($23.1M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Powders, alloy steel 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 (2023)

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