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

7207 (Harmonized System 1992 for 4-digit)

2022
World Trade $33.1BRnk 144 / 1218
2022
Top Exporter | Top Importer $8.38B | $3.03BRussia | United States
2022
Product Complexity -0.75Rnk 771 / 1033
2021 - 2022
Export Growth (CAGR) -28.9%Rnk 1195 / 1218
2022
Share of World Trade 0.14%Rnk 144 / 1218

About

Overview This page contains the latest trade data of Semi-Finished Iron. In 2022, Semi-Finished Iron were the world's 144th most traded product, with a total trade of $33.1B. Between 2021 and 2022 the exports of Semi-Finished Iron decreased by -28.9%, from $46.6B to $33.1B. Trade in Semi-Finished Iron represent 0.14% 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 2022 the top exporters of Semi-Finished Iron  were Russia ($8.38B), Oman ($3.44B), Brazil ($3.42B), Japan ($1.84B), and Indonesia ($1.5B).

Imports In 2022 the top importers of Semi-Finished Iron were United States ($3.03B), Turkey ($2.81B), China ($2.38B), Indonesia ($2.24B), and Chinese Taipei ($2.19B).

Ranking Semi-Finished Iron ranks 771st 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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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 (2022)Russia$8.38B
Top Destination (2022)United States$3.03B

In 2022 Semi-Finished Iron were the world's 144th most traded product (out of 1,218).

In 2022, the top exporters of Semi-Finished Iron were Russia ($8.38B), Oman ($3.44B), Brazil ($3.42B), Japan ($1.84B), and Indonesia ($1.5B).

In 2022, the top importers of Semi-Finished Iron were United States ($3.03B), Turkey ($2.81B), China ($2.38B), Indonesia ($2.24B), and Chinese Taipei ($2.19B).

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Exporters of Semi-Finished Iron (2022)
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Importers of Semi-Finished Iron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Oman$1.29B
Top Destination Growth (2021 -  2022)Turkey$638M

Between 2021 and 2022, the exports of Semi-Finished Iron grew the fastest in Oman ($1.29B), China ($839M), Pakistan ($150M), South Korea ($108M), and Germany ($93.9M).

Between 2021 and 2022, the fastest growing importers of Semi-Finished Iron were Turkey ($638M), Saudi Arabia ($552M), Egypt ($465M), Oman ($224M), and Philippines ($172M).

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Exporters of Semi-Finished Iron (2021 - 2022)

Importers of Semi-Finished Iron (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.29. This means that most of the exports of Semi-Finished Iron are explained by 19 countries.

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Value of Exports in Semi-Finished Iron

Net Trade

TOP NET EXPORTER (2022)Russia$8.38B
TOP NET IMPORTER (2022)United States$2.97B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($8.38B), Brazil ($3.28B), Oman ($3.13B), Japan ($1.7B), and Ukraine ($1.31B).

In 2022, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were United States ($2.97B), Turkey ($2.26B), Chinese Taipei ($2.17B), Italy ($1.94B), and Philippines ($1.45B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Semi-Finished Iron, disaggragated by their HS6 level were Semi-finished bars, iron or non-alloy steel... ($15.1B), Rectangular iron or non-alloy steel bars,... ($9.15B), Semi-finished product, iron or non-alloy steel... ($5.19B), and Semi-finished product, iron or non-alloy steel... ($3.7B)

HS6 Disaggregation for Semi-Finished Iron (2022)
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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 (2022)

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 (2022)

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