Overview: In 2018, Iron Reductions were the world's 561st most traded product, with a total trade of $4.1B. Between 2017 and 2018 the exports of Iron Reductions grew by 72.1%, from $2.38B to $4.1B. Trade in Iron Reductions represent 0.022% of total world trade.
Exports: In 2018 the top exporters of Iron Reductions were Russia ($1.06B), Trinidad and Tobago ($558M), Oman ($421M), Bahrain ($311M), and United States ($310M).
Imports: In 2018 the top importers of Iron Reductions were Saudi Arabia ($737M), United States ($592M), Italy ($538M), Oman ($421M), and Spain ($198M).
Tariffs: In 2018 the average tariff for Iron Reductions was 3%, been the 1139 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Iron Reductions are Bahamas (40.2%), Bermuda (25%), Panama (15%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Iron Reductions ranks 897th in the Product Complexity Index (PCI).