HS Icon Semi-Finished Iron

7207 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Semi-Finished Iron. In 2020, Semi-Finished Iron were the world's 153rd most traded product, with a total trade of $23.9B. Between 2019 and 2020 the exports of Semi-Finished Iron decreased by -11.6%, from $27B to $23.9B. Trade in Semi-Finished Iron represent 0.14% of total world trade.

Semi-Finished Iron are a part of Iron and 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 2020 the top exporters of Semi-Finished Iron  were Russia ($4.5B), Ukraine ($3.03B), Brazil ($2.72B), India ($2.17B), and Vietnam ($1.73B).

Imports In 2020 the top importers of Semi-Finished Iron were China ($5.12B), United States ($2.12B), Chinese Taipei ($1.54B), Indonesia ($1.51B), and Italy ($1.1B).

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

The countries with the highest import tariffs for Semi-Finished Iron are Bahamas (41.8%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Semi-Finished Iron ranks 764th 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 (2020): Russia, $4.5B

Top Destination (2020): China, $5.12B

Semi-Finished Iron are the world's 153rd most traded product.

In 2020, the top exporters of Semi-Finished Iron were Russia ($4.5B), Ukraine ($3.03B), Brazil ($2.72B), India ($2.17B), and Vietnam ($1.73B).

In 2020, the top importers of Semi-Finished Iron were China ($5.12B), United States ($2.12B), Chinese Taipei ($1.54B), Indonesia ($1.51B), and Italy ($1.1B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Vietnam, $1.23B

Top Destination Growth (2019 - 2020): China, $3.88B

Between 2019 and 2020, the exports of Semi-Finished Iron grew the fastest in Vietnam ($1.23B), India ($857M), Iran ($223M), Indonesia ($184M), and Oman ($130M).

Between 2019 and 2020, the fastest growing importers of Semi-Finished Iron were China ($3.88B), Canada ($205M), Qatar ($106M), Argentina ($72M), and Poland ($67M).

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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 2020,  market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Semi-Finished Iron are explained by 18 countries.

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TOP NET EXPORTER (2020): Russia, $4.49B

TOP NET IMPORTER (2020): China, $5.06B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($4.49B), Ukraine ($3.02B), Brazil ($2.69B), India ($2.07B), and Vietnam ($1.73B).

In 2020, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were China ($5.06B), United States ($2.07B), Chinese Taipei ($1.53B), Indonesia ($1.1B), and Thailand ($952M).

Disaggregation

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Value

In 2019, the world most traded Semi-Finished Iron, disaggragated by their HS6 level were Semi-finished bars, iron or non-alloy steel... ($9.67B), Rectangular iron or non-alloy steel bars,... ($8.19B), Semi-finished product, iron or non-alloy steel... ($3.73B), and Semi-finished product, iron or non-alloy steel... ($2.31B)

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.

Import Tariffs

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In 2018, the average tariff for importing Semi-Finished Iron was 3.47%. The countries with the highest tariffs for importing Semi-Finished Iron were Bahamas (41.8%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%).

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.