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Pricing

Iron or non-alloy steel; semi-finished products thereof

7207 (Harmonized System 1992 for 4-digit)

2023
World Trade $30.3BRnk 144 / 1217
2023
Top Exporter | Top Importer $6.75B | $3.36BRussia | Turkey
2023
Product Complexity -0.92Rnk 834 / 1044
2022 - 2023
Export Growth (CAGR) -17.4%Rnk 973 / 1217
2023
Share of World Trade 0.13%Rnk 144 / 1217

About

Overview This page contains the latest trade data of Semi-Finished Iron. In 2023, Semi-Finished Iron were the world's 144th most traded product, with a total trade of $30.3B. Between 2022 and 2023 the exports of Semi-Finished Iron decreased by -17.4%, from $36.7B to $30.3B. Trade in Semi-Finished Iron represent 0.13% of total world trade.

Semi-Finished Iron are a part of Iron & steel. They include Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes, Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes, Semi-finished product, iron or non-alloy steel >0.25%C, and Semi-finished product, iron or non-alloy steel <0.25%C, nes.

Exports In 2023 the top exporters of Semi-Finished Iron  were Russia ($6.75B), Oman ($3.27B), Brazil ($3.13B), China ($1.82B), and Japan ($1.69B).

Imports In 2023 the top importers of Semi-Finished Iron were Turkey ($3.36B), United States ($2.81B), Indonesia ($2.13B), Chinese Taipei ($1.85B), and Italy ($1.79B).

Ranking Semi-Finished Iron ranks 834th in the Product Complexity Index (PCI).

Description Semi-finished products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Semi-Finished Iron. 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 Origin (2023)Russia$6.75B
Top Destination (2023)Turkey$3.36B

In 2023 Semi-Finished Iron were the world's 144th most traded product (out of 1,217).

In 2023, the top exporters of Semi-Finished Iron were Russia ($6.75B), Oman ($3.27B), Brazil ($3.13B), China ($1.82B), and Japan ($1.69B).

In 2023, the top importers of Semi-Finished Iron were Turkey ($3.36B), United States ($2.81B), Indonesia ($2.13B), Chinese Taipei ($1.85B), and Italy ($1.79B).

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Exporters of Semi-Finished Iron (2023)
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Importers of Semi-Finished Iron (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$846M
Top Destination Growth (2022 -  2023)Turkey$225M

Between 2022 and 2023, the exports of Semi-Finished Iron grew the fastest in China ($846M), Algeria ($258M), Saudi Arabia ($154M), Indonesia ($138M), and Malaysia ($117M).

Between 2022 and 2023, the fastest growing importers of Semi-Finished Iron were Turkey ($225M), Malaysia ($199M), Brazil ($194M), Sri Lanka ($113M), and India ($104M).

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Exporters of Semi-Finished Iron (2022 - 2023)

Importers of Semi-Finished Iron (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Semi-Finished Iron.

In 2023, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Semi-Finished Iron are explained by 21 countries.

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Value of Exports in Semi-Finished Iron

Net Trade

TOP NET EXPORTER (2023)Russia$6.75B
TOP NET IMPORTER (2023)Turkey$3.2B

This map shows which countries export or import more of Semi-Finished Iron. Each country is colored based on the difference in exports and imports of Semi-Finished Iron during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($6.75B), Oman ($2.89B), Brazil ($2.78B), Japan ($1.49B), and India ($935M).

In 2023, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were Turkey ($3.2B), United States ($2.63B), Chinese Taipei ($1.82B), Italy ($1.55B), and Thailand ($1.28B).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Semi-Finished Iron, disaggragated by their HS6 level were Semi-finished bars, iron or non-alloy steel... ($14.1B), Rectangular iron or non-alloy steel bars,... ($7.95B), Semi-finished product, iron or non-alloy steel... ($5.05B), and Semi-finished product, iron or non-alloy steel... ($3.15B)

HS6 Disaggregation for Semi-Finished Iron (2023)
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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 Semi-Finished Iron.
It is possible to select the main countries that export or import Semi-Finished Iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Semi-Finished Iron by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $459M
TOP IMPORT POTENTIALGermany+ $542k

Semi-Finished Iron’s highest export potential is China. With an export gap of $459M.  Semi-Finished Iron’s highest import potential is Germany with an import gap of $542k.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Semi-Finished Iron.

Country by Relatedness

The following visualization shows the relatedness of Semi-Finished Iron to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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