HS Icon Semi-Finished Iron

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

7207 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Semi-Finished Iron. In 2021, Semi-Finished Iron were the world's 106th most traded product, with a total trade of $42.2B. Between 2020 and 2021 the exports of Semi-Finished Iron grew by 69.3%, from $24.9B to $42.2B. Trade in Semi-Finished Iron represent 0.002% 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 2021 the top exporters of Semi-Finished Iron  were Russia ($9.84B), Ukraine ($4.08B), India ($3.77B), Brazil ($3.65B), and Vietnam ($2.44B).

Imports In 2021 the top importers of Semi-Finished Iron were China ($6.57B), United States ($3.48B), Chinese Taipei ($3.35B), Mexico ($2.76B), and Italy ($2.19B).

Tariffs In 2018 the average tariff for Semi-Finished Iron was 3.47%, making it the 1094th lowest tariff using the HS4 product classification.

Ranking Semi-Finished Iron ranks 809th 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.

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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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Russia, $9.84B

Top Destination (2021): China, $6.57B

Semi-Finished Iron are the world's 106th most traded product.

In 2021, the top exporters of Semi-Finished Iron were Russia ($9.84B), Ukraine ($4.08B), India ($3.77B), Brazil ($3.65B), and Vietnam ($2.44B).

In 2021, the top importers of Semi-Finished Iron were China ($6.57B), United States ($3.48B), Chinese Taipei ($3.35B), Mexico ($2.76B), and Italy ($2.19B).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Russia, $5.25B

Top Destination Growth (2020 -  2021): Mexico, $2.06B

Between 2020 and 2021, the exports of Semi-Finished Iron grew the fastest in Russia ($5.25B), Indonesia ($1.45B), India ($1.1B), Oman ($1.08B), and Ukraine ($1.02B).

Between 2020 and 2021, the fastest growing importers of Semi-Finished Iron were Mexico ($2.06B), Chinese Taipei ($1.81B), United States ($1.37B), Belgium ($1.21B), and China ($1.08B).

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Market Concentration

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Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Semi-Finished Iron are explained by 19 countries.

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TOP NET EXPORTER (2021): Russia, $9.83B

TOP NET IMPORTER (2021): China, $6.47B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($9.83B), Ukraine ($4.05B), India ($3.74B), Brazil ($3.28B), and Vietnam ($2.43B).

In 2021, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were China ($6.47B), United States ($3.4B), Chinese Taipei ($3.34B), Italy ($1.9B), and Belgium ($1.7B).

Disaggregation

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Value

In 2021, the world most traded Semi-Finished Iron, disaggragated by their HS6 level were Semi-finished bars, iron or non-alloy steel... ($18.9B), Rectangular iron or non-alloy steel bars,... ($13.8B), Semi-finished product, iron or non-alloy steel... ($5.58B), and Semi-finished product, iron or non-alloy steel... ($3.99B)

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.

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.