Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m721632 (Harmonized System 1992 for 6-digit)
2020 World Trade: $1.87B, Rnk 1313 / 4613
2020 Top Exporter | Top Importer: $541M | $202M, Spain | France
2020 Product Complexity: -0.3, Rnk 3020 / 4783
2019 - 2020 Export Growth (CAGR): -14.9%, Rnk 3119 / 4613
2018 Mean Tariff: 5.43%, Rnk 3963 / 6538
2020 Share of World Trade: 0.011%, Rnk 1313 / 4613
Overview This page contains the latest trade data of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. In 2020, Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were the world's 1313th most traded product, with a total trade of $1.87B. Between 2019 and 2020 the exports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m decreased by -14.9%, from $2.2B to $1.87B. Trade in Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m represent 0.011% of total world trade.
Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are a part of Iron Blocks.
Exports In 2020 the top exporters of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Spain ($541M), Germany ($204M), Luxembourg ($196M), Turkey ($164M), and Poland ($101M).
Imports In 2020 the top importers of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were France ($202M), United Kingdom ($110M), Germany ($93M), Netherlands ($88.1M), and Algeria ($68.4M).
Tariffs In 2018 the average tariff for Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m was 5.43%, making it the 3963rd lowest tariff using the HS6 product classification.
Ranking Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m ranks 3020th in the Product Complexity Index (PCI).
Description Section steel is most often used in the manufacture of automobiles, trucks, trains, ships, airplanes, bridges, buildings, machinery, and appliances.
The following visualization shows the latest trends on Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. 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.
Trade By Country
Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are the world's 1313th most traded product.
In 2020, the top exporters of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Spain ($541M), Germany ($204M), Luxembourg ($196M), Turkey ($164M), and Poland ($101M).
In 2020, the top importers of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were France ($202M), United Kingdom ($110M), Germany ($93M), Netherlands ($88.1M), and Algeria ($68.4M).
Trade by country
Between 2019 and 2020, the exports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m grew the fastest in Hong Kong ($16.5M), United Kingdom ($13.8M), Mexico ($9.32M), United States ($4.63M), and Czechia ($2.6M).
Between 2019 and 2020, the fastest growing importers of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were China ($14M), South Africa ($12.7M), Brazil ($10.5M), Egypt ($10.1M), and Burma ($9.21M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m.
In 2020, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are explained by 15 countries.
This map shows which countries export or import more of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. Each country is colored based on the difference in exports and imports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Spain ($538M), Luxembourg ($193M), Turkey ($144M), Germany ($111M), and Poland ($67.6M).
In 2020, the countries that had a largest trade value in imports than in exports of Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were France ($193M), Netherlands ($67.7M), Belgium ($59.5M), United Kingdom ($51.4M), and Canada ($42M).
This visualization shows the countries that have an important ratio of their trade related to Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. It is possible to select the main countries that export or import Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m in the world, or by continent, as well as select the measure of interest.
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.
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