HS Icon 80m onClick=titleClick(0)>Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m

721633 (Harmonized System 1992 for 6-digit)

World Trade (2018): $4.44B, Rnk 712 / 4726

Top Exporter (2018): $736M, Belgium-Luxembourg

Top Importer (2018): $472M, Canada

Product Complexity (2018): 0.13, Rnk 2384 / 4873

Export Growth (CAGR)(2017 - 2018): 21.5%, Rnk 1264 / 4726

Mean Tariff (2018): 5.28%, Rnk 3970 / 6538

Share of World Trade (2018): 0.024%, Rnk 712 / 4726

Overview:  This page contains the latest trade data of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. In 2018, Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were the world's 712th most traded product, with a total trade of $4.44B. Between 2017 and 2018 the exports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m grew by 21.5%, from  $3.65B to $4.44B. Trade in Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m represent 0.024% of total world trade.

Exports: In 2018 the top exporters of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m  were Belgium-Luxembourg ($736M), South Korea ($660M), Germany ($601M), Spain ($453M), and United States ($273M).

Imports: In 2018 the top importers of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Canada ($472M), Germany ($294M), Netherlands ($246M), South Korea ($216M), and United States ($206M).

Tariffs: In 2018 the average tariff for Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m was 5.28%, been the 3970 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Tunisia (20%), and Angola (20%). The countries with the lowest tariffs are Rwanda (0%), Tanzania (0%), Uganda (0%), Zambia (0%), and Hong Kong (0%).

Ranking: Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m ranks 2384th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Belgium-Luxembourg, $736M

Top Destination (2018): Canada, $472M

Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are the world's 712th most traded product.

In 2018, the top exporters of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Belgium-Luxembourg ($736M), South Korea ($660M), Germany ($601M), Spain ($453M), and United States ($273M).

In 2018, the top importers of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Canada ($472M), Germany ($294M), Netherlands ($246M), South Korea ($216M), and United States ($206M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $160M

Top Destination Growth (2017 - 2018): Canada, $97.3M

Between 2017 and 2018, the exports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m grew the fastest in Belgium-Luxembourg ($160M), South Korea ($151M), Germany ($133M), United Arab Emirates ($69M), and Thailand ($50M).

Between 2017 and 2018, the fastest growing importers of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Canada ($97.3M), Netherlands ($56.7M), Philippines ($55.9M), Turkey ($43.3M), and Germany ($42M).

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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 Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m.

In 2018,  market concentration measured using Shannon Entropy, was 4.02. This means that most of the exports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are explained by 16 countries.

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TOP NET EXPORTER (2018): Belgium-Luxembourg, $645M

TOP NET IMPORTER (2018): Canada, $456M

This map shows which countries export or import more of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. Each country is colored based on the difference in exports and imports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Belgium-Luxembourg ($645M), South Korea ($444M), Spain ($418M), Germany ($307M), and China ($178M).

In 2018, the countries that had a largest trade value in imports than in exports of Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Canada ($456M), Netherlands ($188M), Philippines ($156M), France ($145M), and Turkey ($104M).

Trade Forecasts

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This section shows forecasts for total trade for Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. 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 Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m was 5.28%.  The countries with the highest tariffs for importing Sections, H, iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Bahamas (40.2%), Sudan (35%), Bermuda (25%), 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.