Semi-Finished IronIron or non-alloy steel; semi-finished products thereof
7207 (Harmonized System 1992 for 4-digit)
2021 World Trade: $42.2B, Rnk 106 / 1217
2021 Top Exporter | Top Importer: $9.84B | $6.57B, Russia | China
2021 Product Complexity: -0.89, Rnk 809 / 1024
2020 - 2021 Export Growth (CAGR): 69.3%, Rnk 39 / 1217
2018 Mean Tariff: 3.47%, Rnk 1094 / 1259
2021 Share of World Trade: 0.002%, Rnk 106 / 1217
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.
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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
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).
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)
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.
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.
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