Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling

7214 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Raw Iron Bars. In 2021, Raw Iron Bars were the world's 185th most traded product, with a total trade of $24.6B. Between 2020 and 2021 the exports of Raw Iron Bars grew by 67.8%, from $14.6B to $24.6B. Trade in Raw Iron Bars represent 0.12% of total world trade.

Raw Iron Bars are a part of Iron & steel. They include Bar/rod, iron or non-alloy steel, indented or twisted, nes, Bar/rod, iron or non-alloy steel, hot formed <0.25%C, nes, Bar/rod, iron or non-alloy steel, forged, Bar/rod, iron or non-alloy steel, of free cutting steel, nes, Bar/rod, iron or non-alloy steel, hot formed 0.25-0.6%C, nes, and Bar/rod, iron or non-alloy steel, hot formed >0.6%C, nes.

Exports In 2021 the top exporters of Raw Iron Bars  were Turkey ($4.8B), Italy ($1.73B), Malaysia ($1.71B), Russia ($1.13B), and Germany ($968M).

Imports In 2021 the top importers of Raw Iron Bars were China ($1.76B), Germany ($1.36B), Hong Kong ($1.17B), United States ($1.08B), and Israel ($946M).

Ranking Raw Iron Bars ranks 880th in the Product Complexity Index (PCI).

Description Bars and rods of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including carbon steel, stainless steel, and nickel-chromium alloys.

Latest Data

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The following visualization shows the latest trends on Raw Iron Bars. 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)Turkey$4.8B
Top Destination (2021)China$1.76B

In 2021 Raw Iron Bars were the world's 185th most traded product (out of 1,217).

In 2021, the top exporters of Raw Iron Bars were Turkey ($4.8B), Italy ($1.73B), Malaysia ($1.71B), Russia ($1.13B), and Germany ($968M).

In 2021, the top importers of Raw Iron Bars were China ($1.76B), Germany ($1.36B), Hong Kong ($1.17B), United States ($1.08B), and Israel ($946M).

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Exporters of Raw Iron Bars (2021)
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Importers of Raw Iron Bars (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)Turkey$2.2B
Top Destination Growth (2020 -  2021)China$730M

Between 2020 and 2021, the exports of Raw Iron Bars grew the fastest in Turkey ($2.2B), Italy ($699M), Malaysia ($679M), India ($471M), and Germany ($404M).

Between 2020 and 2021, the fastest growing importers of Raw Iron Bars were China ($730M), Hong Kong ($581M), Germany ($523M), Singapore ($490M), and United States ($424M).

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Exporters of Raw Iron Bars (2020 - 2021)

Importers of Raw Iron Bars (2020 - 2021)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Raw Iron Bars.

In 2021, market concentration measured using Shannon Entropy, was 5.02. This means that most of the exports of Raw Iron Bars are explained by 32 countries.

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Value of Exports in Raw Iron Bars

Net Trade

TOP NET EXPORTER (2021)Turkey$4.72B
TOP NET IMPORTER (2021)Hong Kong$1.15B

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

In 2021, the countries that had a largest trade value in exports than in imports of Raw Iron Bars were Turkey ($4.72B), Malaysia ($1.63B), Italy ($1.46B), Russia ($909M), and Japan ($692M).

In 2021, the countries that had a largest trade value in imports than in exports of Raw Iron Bars were Hong Kong ($1.15B), Israel ($946M), China ($938M), Singapore ($662M), and United States ($647M).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Raw Iron Bars, disaggragated by their HS6 level were Bar/rod, iron or non-alloy steel, indented... ($18.1B), Bar/rod, iron or non-alloy steel, hot... ($5.57B), Bar/rod, iron or non-alloy steel, forged ($557M), and Bar/rod, iron or non-alloy steel, of... ($355M)

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

Top 10 Exporters Countries of Raw Iron Bars 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 Raw Iron Bars 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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