720712 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. In 2022, Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 242nd most traded product, with a total trade of $15.1B. Between 2021 and 2022 the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes decreased by -32.6%, from $22.4B to $15.1B. Trade in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes represent 0.064% of total world trade.

Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are a part of Semi-Finished Iron.

Exports In 2022 the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes  were Russia ($5.34B), Brazil ($2.78B), Japan ($1.2B), Oman ($797M), and Mexico ($756M).

Imports In 2022 the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.57B), China ($1.44B), Turkey ($1.33B), and Chinese Taipei ($1.07B).

Ranking Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes ranks 3158th in the Product Complexity Index (PCI).

Description Semi-finished bars are used in a variety of industries, including construction, automotive, and home appliance.

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. 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 (2022)Russia$5.34B
Top Destination (2022)United States$2.6B

In 2022 Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 242nd most traded product (out of 4,648).

In 2022, the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($5.34B), Brazil ($2.78B), Japan ($1.2B), Oman ($797M), and Mexico ($756M).

In 2022, the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.57B), China ($1.44B), Turkey ($1.33B), and Chinese Taipei ($1.07B).

Explore Visualizations

Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022)
[Click to Select a Country]

Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$593M
Top Destination Growth (2021 -  2022)Turkey$553M

Between 2021 and 2022, the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes grew the fastest in China ($593M), Oman ($376M), South Korea ($122M), Saudi Arabia ($93.5M), and Australia ($50.7M).

Between 2021 and 2022, the fastest growing importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Turkey ($553M), China ($431M), Italy ($157M), Denmark ($133M), and North Macedonia ($63.6M).

Explore Visualizations

Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2021 - 2022)

Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are explained by 10 countries.

Explore Visualizations

Value of Exports in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes

Net Trade

TOP NET EXPORTER (2022)Russia$5.34B
TOP NET IMPORTER (2022)United States$2.6B

This map shows which countries export or import more of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. Each country is colored based on the difference in exports and imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($5.34B), Brazil ($2.71B), Japan ($1.09B), Oman ($797M), and Germany ($401M).

In 2022, the countries that had a largest trade value in imports than in exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.56B), Turkey ($1.32B), Chinese Taipei ($1.07B), and Belgium ($973M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes.
It is possible to select the main countries that export or import Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes 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 (2022)

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