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721719 (Harmonized System 1992 for 6-digit)

2023
World Trade $603MRnk 2659 / 4644
2023
Top Exporter | Top Importer $138M | $55.4MChina | United States
2023
Product Complexity -0.72Rnk 3522 / 4656
2022 - 2023
Export Growth (CAGR) -10.8%Rnk 2795 / 4644
2023
Share of World Trade 0.0027%Rnk 2659 / 4644

About

Overview This page contains the latest trade data of Wire, iron or non-alloy steel, <0.25% carbon, nes. In 2023, Wire, iron or non-alloy steel, <0.25% carbon, nes were the world's 2659th most traded product, with a total trade of $603M. Between 2022 and 2023 the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes decreased by -10.8%, from $676M to $603M. Trade in Wire, iron or non-alloy steel, <0.25% carbon, nes represent 0.0027% of total world trade.

Wire, iron or non-alloy steel, <0.25% carbon, nes are a part of Iron Wire.

Exports In 2023 the top exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes  were China ($138M), Spain ($43.2M), Germany ($39M), India ($35.4M), and Belgium ($34.9M).

Imports In 2023 the top importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were United States ($55.4M), United Arab Emirates ($52.3M), Malaysia ($39.1M), Canada ($36.8M), and France ($32.3M).

Ranking Wire, iron or non-alloy steel, <0.25% carbon, nes ranks 3522nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wire, iron or non-alloy steel, <0.25% carbon, nes. 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)China$138M
Top Destination (2023)United States$55.4M

In 2023 Wire, iron or non-alloy steel, <0.25% carbon, nes were the world's 2659th most traded product (out of 4,644).

In 2023, the top exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes were China ($138M), Spain ($43.2M), Germany ($39M), India ($35.4M), and Belgium ($34.9M).

In 2023, the top importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were United States ($55.4M), United Arab Emirates ($52.3M), Malaysia ($39.1M), Canada ($36.8M), and France ($32.3M).

Explore Visualizations

Exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes (2023)
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Importers of Wire, iron or non-alloy steel, <0.25% carbon, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$28M
Top Destination Growth (2022 -  2023)United Arab Emirates$37.2M

Between 2022 and 2023, the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes grew the fastest in India ($28M), Singapore ($6.95M), Iraq ($3.65M), Chile ($2.11M), and Egypt ($1.75M).

Between 2022 and 2023, the fastest growing importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were United Arab Emirates ($37.2M), Malaysia ($10.1M), United States ($4.21M), Oman ($3.95M), and Philippines ($3.36M).

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Exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes (2022 - 2023)

Importers of Wire, iron or non-alloy steel, <0.25% carbon, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire, iron or non-alloy steel, <0.25% carbon, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.61. This means that most of the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes are explained by 24 countries.

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Value of Exports in Wire, iron or non-alloy steel, <0.25% carbon, nes

Net Trade

TOP NET EXPORTER (2023)China$134M
TOP NET IMPORTER (2023)United Arab Emirates$40M

This map shows which countries export or import more of Wire, iron or non-alloy steel, <0.25% carbon, nes. Each country is colored based on the difference in exports and imports of Wire, iron or non-alloy steel, <0.25% carbon, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wire, iron or non-alloy steel, <0.25% carbon, nes were China ($134M), Spain ($36.5M), Belgium ($31.5M), South Korea ($22.4M), and India ($20.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire, iron or non-alloy steel, <0.25% carbon, nes were United Arab Emirates ($40M), Malaysia ($32.2M), Canada ($27.7M), United States ($23.1M), and France ($15.9M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Wire, iron or non-alloy steel, <0.25% carbon, nes 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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