HS Icon Steel Wire

Wire of other alloy steel

7229 (Harmonized System 1992 for 4-digit)

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.

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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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): China, $573M

Top Destination (2021): Germany, $383M

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).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): China, $217M

Top Destination Growth (2020 -  2021): Germany, $144M

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).

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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 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.

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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).

Disaggregation

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Value

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)

Country Comparison

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Measure
Ranking

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.

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 Steel Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.