Steel WireWire of other alloy steel
7229 (Harmonized System 1992 for 4-digit)
2021 World Trade: $3.48B, Rnk 626 / 1217
2021 Top Exporter | Top Importer: $573M | $383M, China | Germany
2021 Product Complexity: 0.98, Rnk 179 / 1024
2020 - 2021 Export Growth (CAGR): 53.7%, Rnk 90 / 1217
2018 Mean Tariff: 5.88%, Rnk 724 / 1259
2021 Share of World Trade: 0.00017%, Rnk 626 / 1217
Overview This page contains the latest trade data of Steel Wire. In 2021, Steel Wire were the world's 626th most traded product, with a total trade of $3.48B. Between 2020 and 2021 the exports of Steel Wire grew by 53.7%, from $2.26B to $3.48B. Trade in Steel Wire represent 0.00017% of total world trade.
Steel Wire are a part of Iron & steel. They include Wire of alloy steel nes, Wire of silico-manganese steel, and Wire of high speed steel.
Exports In 2021 the top exporters of Steel Wire were China ($573M), South Korea ($334M), Japan ($303M), Turkey ($271M), and Italy ($214M).
Imports In 2021 the top importers of Steel Wire were Germany ($383M), United States ($315M), Poland ($225M), China ($188M), and Japan ($142M).
Tariffs In 2018 the average tariff for Steel Wire was 5.88%, making it the 724th lowest tariff using the HS4 product classification.
Ranking Steel Wire ranks 179th in the Product Complexity Index (PCI).
Description Wire of alloy steel other than stainless is used in the production of other goods. It can be made from a variety of materials, including iron, chromium, nickel, and molybdenum.
The following visualization shows the latest trends on Steel Wire. 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
Steel Wire are the world's 626th most traded product.
In 2021, the top exporters of Steel Wire were China ($573M), South Korea ($334M), Japan ($303M), Turkey ($271M), and Italy ($214M).
In 2021, the top importers of Steel Wire were Germany ($383M), United States ($315M), Poland ($225M), China ($188M), and Japan ($142M).
Trade by country
Between 2020 and 2021, the exports of Steel Wire grew the fastest in China ($217M), Turkey ($135M), Italy ($98.2M), Netherlands ($89.9M), and Japan ($76.5M).
Between 2020 and 2021, the fastest growing importers of Steel Wire were Germany ($144M), Poland ($103M), United States ($102M), Brazil ($70.9M), and Netherlands ($59.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Steel Wire.
In 2021, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Steel Wire are explained by 21 countries.
TOP NET EXPORTER (2021): China, $385M
TOP NET IMPORTER (2021): United States, $248M
This map shows which countries export or import more of Steel Wire. Each country is colored based on the difference in exports and imports of Steel Wire during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Steel Wire were China ($385M), South Korea ($281M), Turkey ($241M), Japan ($161M), and Italy ($136M).
In 2021, the countries that had a largest trade value in imports than in exports of Steel Wire were United States ($248M), Poland ($201M), Germany ($183M), Brazil ($104M), and India ($66.6M).
In 2021, the world most traded Steel Wire, disaggragated by their HS6 level were Wire of alloy steel nes ($2.57B) and Wire of silico-manganese steel ($911M)
This visualization shows the countries that have an important ratio of their trade related to Steel Wire. It is possible to select the main countries that export or import Steel Wire 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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