Overview: In 2018, Steel Bars were the world's 468th most traded product, with a total trade of $5.75B. Between 2017 and 2018 the exports of Steel Bars grew by 8.65%, from $5.29B to $5.75B. Trade in Steel Bars represent 0.031% of total world trade.
Exports: In 2018 the top exporters of Steel Bars were China ($2.43B), Japan ($735M), Germany ($439M), Austria ($285M), and Italy ($235M).
Imports: In 2018 the top importers of Steel Bars were Thailand ($577M), United States ($449M), South Korea ($425M), Germany ($411M), and Italy ($411M).
Tariffs: In 2018 the average tariff for Steel Bars was 6.03%, been the 699 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Steel Bars are Bahamas (40.2%), Bermuda (25%), Kenya (23.6%), Tanzania (23.6%), and Uganda (23.5%). The countries with the lowest tariffs are Mauritius (0%), Zambia (0%), Hong Kong (0%), Japan (0%), and South Korea (0%).
Ranking: Steel Bars ranks 306th in the Product Complexity Index (PCI).