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722920 (Harmonized System 1992 for 6-digit)

2023
World Trade $943MRnk 2175 / 4644
2023
Top Exporter | Top Importer $320M | $114MChina | United States
2023
Product Complexity 0.48Rnk 1714 / 4656
2022 - 2023
Export Growth (CAGR) -5.21%Rnk 2126 / 4644
2023
Share of World Trade 0.0042%Rnk 2175 / 4644

About

Overview This page contains the latest trade data of Wire of silico-manganese steel. In 2023, Wire of silico-manganese steel were the world's 2175th most traded product, with a total trade of $943M. Between 2022 and 2023 the exports of Wire of silico-manganese steel decreased by -5.21%, from $995M to $943M. Trade in Wire of silico-manganese steel represent 0.0042% of total world trade.

Wire of silico-manganese steel are a part of Steel Wire.

Exports In 2023 the top exporters of Wire of silico-manganese steel  were China ($320M), Czechia ($164M), Italy ($98.7M), Vietnam ($71.5M), and South Korea ($54.7M).

Imports In 2023 the top importers of Wire of silico-manganese steel were United States ($114M), Poland ($72.2M), Japan ($58.6M), Germany ($57.4M), and Brazil ($53M).

Ranking Wire of silico-manganese steel ranks 1714th in the Product Complexity Index (PCI).

Description Wire of silico-manganese steel is used in industrial applications, such as for use in metal fabricating and processing.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wire of silico-manganese steel. Countries are shown based on data availability.

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

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* 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$320M
Top Destination (2023)United States$114M

In 2023 Wire of silico-manganese steel were the world's 2175th most traded product (out of 4,644).

In 2023, the top exporters of Wire of silico-manganese steel were China ($320M), Czechia ($164M), Italy ($98.7M), Vietnam ($71.5M), and South Korea ($54.7M).

In 2023, the top importers of Wire of silico-manganese steel were United States ($114M), Poland ($72.2M), Japan ($58.6M), Germany ($57.4M), and Brazil ($53M).

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Exporters of Wire of silico-manganese steel (2023)
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Importers of Wire of silico-manganese steel (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$51M
Top Destination Growth (2022 -  2023)Italy$17.8M

Between 2022 and 2023, the exports of Wire of silico-manganese steel grew the fastest in Czechia ($51M), Japan ($5.1M), Malaysia ($2.33M), Spain ($2.28M), and Germany ($1.89M).

Between 2022 and 2023, the fastest growing importers of Wire of silico-manganese steel were Italy ($17.8M), Malaysia ($17.2M), Japan ($13.2M), Finland ($4.96M), and South Korea ($4.46M).

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Exporters of Wire of silico-manganese steel (2022 - 2023)

Importers of Wire of silico-manganese steel (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire of silico-manganese steel.

In 2023, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Wire of silico-manganese steel are explained by 10 countries.

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Value of Exports in Wire of silico-manganese steel

Net Trade

TOP NET EXPORTER (2023)China$299M
TOP NET IMPORTER (2023)United States$108M

This map shows which countries export or import more of Wire of silico-manganese steel. Each country is colored based on the difference in exports and imports of Wire of silico-manganese steel during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wire of silico-manganese steel were China ($299M), Czechia ($149M), Vietnam ($67.3M), Italy ($56.7M), and South Korea ($42.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire of silico-manganese steel were United States ($108M), Poland ($63M), Brazil ($52M), Russia ($43.8M), and Japan ($43.7M).

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 Wire of silico-manganese steel.
It is possible to select the main countries that export or import Wire of silico-manganese steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wire of silico-manganese steel 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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