Overview: In 2018, Raw Iron Bars were the world's 202nd most traded product, with a total trade of $18.2B. Between 2017 and 2018 the exports of Raw Iron Bars grew by 24.8%, from $14.6B to $18.2B. Trade in Raw Iron Bars represent 0.099% of total world trade.
Exports: In 2018 the top exporters of Raw Iron Bars were Turkey ($3.33B), Italy ($1.33B), Russia ($1.02B), Germany ($852M), and Ukraine ($835M).
Imports: In 2018 the top importers of Raw Iron Bars were Germany ($1.28B), United States ($908M), Singapore ($640M), United Arab Emirates ($621M), and Canada ($558M).
Tariffs: In 2018 the average tariff for Raw Iron Bars was 7.96%, been the 548 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Raw Iron Bars are Bahamas (33.5%), Nepal (27.5%), Bermuda (25%), Kenya (23.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Raw Iron Bars ranks 892nd in the Product Complexity Index (PCI).