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721610 (Harmonized System 1992 for 6-digit)

2023
World Trade $560MRnk 2734 / 4644
2023
Top Exporter | Top ImporterfalseN/A | Algeria
2023
Product Complexity -0.4Rnk 3100 / 4656
2022 - 2023
Export Growth (CAGR) -20.2%Rnk 3695 / 4644
2023
Share of World Trade 0.0025%Rnk 2734 / 4644

About

Overview This page contains the latest trade data of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm. In 2023, Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were the world's 2734th most traded product, with a total trade of $560M. Between 2022 and 2023 the exports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm decreased by -20.2%, from $702M to $560M. Trade in Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm represent 0.0025% of total world trade.

Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm are a part of Iron Blocks.

Exports In 2023 the top exporters of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm  were N/A.

Imports In 2023 the top importers of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were Algeria ($62.6M), United States ($61.7M), United Arab Emirates ($39M), South Korea ($30.4M), and Egypt ($24M).

Ranking Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm ranks 3100th in the Product Complexity Index (PCI).

Description Sections are used in the manufacture of large steel structures like buildings. Iron or non-alloy steel is used in the production of machine parts and piping. Hot-forming is used to produce steel structures and components that are less than 80mm in size.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm. 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 Destination (2023)Algeria$62.6M

In 2023 Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were the world's 2734th most traded product (out of 4,644).

In 2023, the top importers of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were Algeria ($62.6M), United States ($61.7M), United Arab Emirates ($39M), South Korea ($30.4M), and Egypt ($24M).

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Exporters of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm (2023)
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Importers of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Saudi Arabia$4.54M
Top Destination Growth (2022 -  2023)Algeria$29.8M

Between 2022 and 2023, the exports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm grew the fastest in Saudi Arabia ($4.54M), Belgium ($3.01M), South Africa ($2.38M), Poland ($1.45M), and Japan ($1.29M).

Between 2022 and 2023, the fastest growing importers of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were Algeria ($29.8M), United Arab Emirates ($19.7M), Chinese Taipei ($7.97M), Belgium ($5.86M), and Jordan ($4.97M).

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Exporters of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm (2022 - 2023)

Importers of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm.

In 2023, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm are explained by 15 countries.

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Value of Exports in Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm

Net Trade

TOP NET EXPORTER (2023)Bahrain$152M
TOP NET IMPORTER (2023)United States$46.5M

This map shows which countries export or import more of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm. Each country is colored based on the difference in exports and imports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were Bahrain ($152M), China ($80.4M), Turkey ($39.7M), Saudi Arabia ($28.8M), and Canada ($23.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm were United States ($46.5M), United Arab Emirates ($31.8M), Egypt ($23.6M), South Korea ($22.6M), and Hungary ($14.7M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm.
It is possible to select the main countries that export or import Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sections, U/I/H, iron or non-alloy steel, nfw than hot formed <80mm 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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