Overview: In 2018, Hot-Rolled Iron Bars were the world's 272nd most traded product, with a total trade of $13.2B. Between 2017 and 2018 the exports of Hot-Rolled Iron Bars grew by 32.9%, from $9.96B to $13.2B. Trade in Hot-Rolled Iron Bars represent 0.072% of total world trade.
Exports: In 2018 the top exporters of Hot-Rolled Iron Bars were Germany ($1.23B), Turkey ($1.06B), China ($914M), Spain ($734M), and Japan ($716M).
Imports: In 2018 the top importers of Hot-Rolled Iron Bars were United States ($805M), Germany ($792M), Netherlands ($769M), Italy ($610M), and France ($488M).
Tariffs: In 2018 the average tariff for Hot-Rolled Iron Bars was 7.27%, been the 601 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Hot-Rolled Iron Bars are Bahamas (40.2%), Bermuda (25%), Turkey (25%), Zambia (22.7%), and Sudan (21.9%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Hot-Rolled Iron Bars ranks 462nd in the Product Complexity Index (PCI).