HS Icon Semi-Finished Iron

7207 (Harmonized System 1992 for 4-digit)

World Trade (2018): $32.8B, Rnk 114 / 1225

Top Exporter (2018): $8.8B, Russia

Top Importer (2018): $3.47B, United States

Product Complexity (2018): -0.88, Rnk 789 / 1018

Export Growth (CAGR)(2017 - 2018): 27.8%, Rnk 192 / 1225

Mean Tariff (2018): 3.57%, Rnk 1069 / 1259

Share of World Trade (2018): 0.18%, Rnk 114 / 1225

Overview:  This page contains the latest trade data of Semi-Finished Iron. In 2018, Semi-Finished Iron were the world's 114th most traded product, with a total trade of $32.8B. Between 2017 and 2018 the exports of Semi-Finished Iron grew by 27.8%, from  $25.7B to $32.8B. Trade in Semi-Finished Iron represent 0.18% of total world trade.

Exports: In 2018 the top exporters of Semi-Finished Iron  were Russia ($8.8B), Ukraine ($4.01B), Brazil ($3.95B), Japan ($1.82B), and Iran ($1.65B).

Imports: In 2018 the top importers of Semi-Finished Iron were United States ($3.47B), Chinese Taipei ($2.87B), Egypt ($2.68B), Turkey ($2.08B), and Italy ($1.74B).

Tariffs: In 2018 the average tariff for Semi-Finished Iron was 3.57%, been the 1069 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Semi-Finished Iron are Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Tunisia (20%), and Angola (20%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Semi-Finished Iron ranks 789th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Russia, $8.8B

Top Destination (2018): United States, $3.47B

Semi-Finished Iron are the world's 114th most traded product.

In 2018, the top exporters of Semi-Finished Iron were Russia ($8.8B), Ukraine ($4.01B), Brazil ($3.95B), Japan ($1.82B), and Iran ($1.65B).

In 2018, the top importers of Semi-Finished Iron were United States ($3.47B), Chinese Taipei ($2.87B), Egypt ($2.68B), Turkey ($2.08B), and Italy ($1.74B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Russia, $1.46B

Top Destination Growth (2017 - 2018): United States, $1.15B

Between 2017 and 2018, the exports of Semi-Finished Iron grew the fastest in Russia ($1.46B), Iran ($1.15B), Ukraine ($755M), Mexico ($557M), and Saudi Arabia ($412M).

Between 2017 and 2018, the fastest growing importers of Semi-Finished Iron were United States ($1.15B), Thailand ($1.02B), Chinese Taipei ($881M), Egypt ($707M), and United Arab Emirates ($691M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Semi-Finished Iron.

In 2018,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Semi-Finished Iron are explained by 17 countries.

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TOP NET EXPORTER (2018): Russia, $8.72B

TOP NET IMPORTER (2018): United States, $3.43B

This map shows which countries export or import more of Semi-Finished Iron. Each country is colored based on the difference in exports and imports of Semi-Finished Iron during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($8.72B), Ukraine ($3.97B), Brazil ($3.87B), Japan ($1.66B), and Iran ($1.65B).

In 2018, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were United States ($3.43B), Chinese Taipei ($2.72B), Egypt ($2.55B), Turkey ($1.57B), and Italy ($1.46B).

Trade Forecasts

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This section shows forecasts for total trade for Semi-Finished Iron. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Semi-Finished Iron was 3.57%.  The countries with the highest tariffs for importing Semi-Finished Iron were Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Tunisia (20%), and Angola (20%).

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Product Complexity

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Diversification Frontier

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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.