Overview: In 2018, Hot-Rolled Iron were the world's 62nd most traded product, with a total trade of $54.9B. Between 2017 and 2018 the exports of Hot-Rolled Iron grew by 15%, from $47.7B to $54.9B. Trade in Hot-Rolled Iron represent 0.3% of total world trade.
Exports: In 2018 the top exporters of Hot-Rolled Iron were Japan ($8.35B), South Korea ($5.3B), Russia ($3.49B), Belgium-Luxembourg ($3.06B), and Germany ($2.78B).
Imports: In 2018 the top importers of Hot-Rolled Iron were Italy ($3.83B), Germany ($3.72B), United States ($2.67B), Vietnam ($2.62B), and Turkey ($2.28B).
Tariffs: In 2018 the average tariff for Hot-Rolled Iron was 5.03%, been the 817 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Hot-Rolled Iron are Bahamas (40.3%), Sudan (35%), Bermuda (25%), Romania (16%), and Pakistan (15.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Rwanda (0%), Zambia (0%), and Hong Kong (0%).
Ranking: Hot-Rolled Iron ranks 414th in the Product Complexity Index (PCI).