NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

720711 (Harmonized System 1992 for 6-digit)

2023
World Trade $7.95BRnk 473 / 4644
2023
Top Exporter | Top Importer $1.41B | $1.73BRussia | Turkey
2023
Product Complexity -1.35Rnk 4143 / 4656
2022 - 2023
Export Growth (CAGR) -23%Rnk 3895 / 4644
2023
Share of World Trade 0.035%Rnk 473 / 4644

About

Overview This page contains the latest trade data of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes. In 2023, Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were the world's 473rd most traded product, with a total trade of $7.95B. Between 2022 and 2023 the exports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes decreased by -23%, from $10.3B to $7.95B. Trade in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes represent 0.035% of total world trade.

Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes are a part of Semi-Finished Iron.

Exports In 2023 the top exporters of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes  were Russia ($1.41B), Oman ($912M), Indonesia ($582M), Ukraine ($532M), and China ($528M).

Imports In 2023 the top importers of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Turkey ($1.73B), Indonesia ($487M), Thailand ($381M), Oman ($373M), and Chinese Taipei ($358M).

Ranking Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes ranks 4143rd in the Product Complexity Index (PCI).

Description Determining the yield strength and tensile strength of metals Forging Forming

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Russia$1.41B
Top Destination (2023)Turkey$1.73B

In 2023 Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were the world's 473rd most traded product (out of 4,644).

In 2023, the top exporters of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Russia ($1.41B), Oman ($912M), Indonesia ($582M), Ukraine ($532M), and China ($528M).

In 2023, the top importers of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Turkey ($1.73B), Indonesia ($487M), Thailand ($381M), Oman ($373M), and Chinese Taipei ($358M).

Explore Visualizations

Exporters of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes (2023)
[Click to Select a Country]

Importers of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$414M
Top Destination Growth (2022 -  2023)Turkey$230M

Between 2022 and 2023, the exports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes grew the fastest in China ($414M), Algeria ($179M), Saudi Arabia ($158M), Qatar ($112M), and Portugal ($56.1M).

Between 2022 and 2023, the fastest growing importers of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Turkey ($230M), Sri Lanka ($109M), Malaysia ($57.7M), Dominican Republic ($55.1M), and India ($40.6M).

Explore Visualizations

Exporters of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes (2022 - 2023)

Importers of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes.

In 2023, market concentration measured using Shannon Entropy, was 4.53. This means that most of the exports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes are explained by 23 countries.

Explore Visualizations

Value of Exports in Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes

Net Trade

TOP NET EXPORTER (2023)Russia$1.41B
TOP NET IMPORTER (2023)Turkey$1.65B

This map shows which countries export or import more of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes. Each country is colored based on the difference in exports and imports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Russia ($1.41B), Oman ($538M), Ukraine ($532M), India ($395M), and Algeria ($332M).

In 2023, the countries that had a largest trade value in imports than in exports of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes were Turkey ($1.65B), Thailand ($374M), Chinese Taipei ($358M), Bulgaria ($314M), and Philippines ($311M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes.
It is possible to select the main countries that export or import Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms