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720720 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.05BRnk 723 / 4644
2023
Top Exporter | Top Importer $873M | $959MRussia | Philippines
2023
Product Complexity -0.79Rnk 3599 / 4656
2022 - 2023
Export Growth (CAGR) -6.96%Rnk 2344 / 4644
2023
Share of World Trade 0.022%Rnk 723 / 4644

About

Overview This page contains the latest trade data of Semi-finished product, iron or non-alloy steel >0.25%C. In 2023, Semi-finished product, iron or non-alloy steel >0.25%C were the world's 723rd most traded product, with a total trade of $5.05B. Between 2022 and 2023 the exports of Semi-finished product, iron or non-alloy steel >0.25%C decreased by -6.96%, from $5.43B to $5.05B. Trade in Semi-finished product, iron or non-alloy steel >0.25%C represent 0.022% of total world trade.

Semi-finished product, iron or non-alloy steel >0.25%C are a part of Semi-Finished Iron.

Exports In 2023 the top exporters of Semi-finished product, iron or non-alloy steel >0.25%C  were Russia ($873M), Indonesia ($507M), China ($456M), Brazil ($363M), and Oman ($361M).

Imports In 2023 the top importers of Semi-finished product, iron or non-alloy steel >0.25%C were Philippines ($959M), Chinese Taipei ($566M), Indonesia ($408M), Dominican Republic ($345M), and Kazakhstan ($222M).

Ranking Semi-finished product, iron or non-alloy steel >0.25%C ranks 3599th in the Product Complexity Index (PCI).

Description Semi-finished products are used for the production of a number of other products. Iron and non-alloy steel are used in the production of a number of other products.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Semi-finished product, iron or non-alloy steel >0.25%C. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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$873M
Top Destination (2023)Philippines$959M

In 2023 Semi-finished product, iron or non-alloy steel >0.25%C were the world's 723rd most traded product (out of 4,644).

In 2023, the top exporters of Semi-finished product, iron or non-alloy steel >0.25%C were Russia ($873M), Indonesia ($507M), China ($456M), Brazil ($363M), and Oman ($361M).

In 2023, the top importers of Semi-finished product, iron or non-alloy steel >0.25%C were Philippines ($959M), Chinese Taipei ($566M), Indonesia ($408M), Dominican Republic ($345M), and Kazakhstan ($222M).

Explore Visualizations

Exporters of Semi-finished product, iron or non-alloy steel >0.25%C (2023)
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Importers of Semi-finished product, iron or non-alloy steel >0.25%C (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$275M
Top Destination Growth (2022 -  2023)Indonesia$87.2M

Between 2022 and 2023, the exports of Semi-finished product, iron or non-alloy steel >0.25%C grew the fastest in China ($275M), Kazakhstan ($130M), Oman ($116M), United States ($105M), and Algeria ($78.2M).

Between 2022 and 2023, the fastest growing importers of Semi-finished product, iron or non-alloy steel >0.25%C were Indonesia ($87.2M), Honduras ($85.2M), Canada ($77.7M), Kazakhstan ($35.5M), and Guatemala ($33.8M).

Explore Visualizations

Exporters of Semi-finished product, iron or non-alloy steel >0.25%C (2022 - 2023)

Importers of Semi-finished product, iron or non-alloy steel >0.25%C (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Semi-finished product, iron or non-alloy steel >0.25%C.

In 2023, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Semi-finished product, iron or non-alloy steel >0.25%C are explained by 21 countries.

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Value of Exports in Semi-finished product, iron or non-alloy steel >0.25%C

Net Trade

TOP NET EXPORTER (2023)Russia$873M
TOP NET IMPORTER (2023)Philippines$959M

This map shows which countries export or import more of Semi-finished product, iron or non-alloy steel >0.25%C. Each country is colored based on the difference in exports and imports of Semi-finished product, iron or non-alloy steel >0.25%C during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Semi-finished product, iron or non-alloy steel >0.25%C were Russia ($873M), China ($389M), Oman ($361M), Brazil ($340M), and Japan ($319M).

In 2023, the countries that had a largest trade value in imports than in exports of Semi-finished product, iron or non-alloy steel >0.25%C were Philippines ($959M), Chinese Taipei ($566M), Thailand ($139M), Colombia ($133M), and Costa Rica ($123M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Semi-finished product, iron or non-alloy steel >0.25%C.
It is possible to select the main countries that export or import Semi-finished product, iron or non-alloy steel >0.25%C in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Semi-finished product, iron or non-alloy steel >0.25%C by percentage of total exports

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)

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