Overview: This page contains the latest trade data of Articles of iron or steel, nes. In 2019, Articles of iron or steel, nes were the world's 47th most traded product, with a total trade of $45.3B. Between 2018 and 2019 the exports of Articles of iron or steel, nes decreased by -1.74%, from $46.1B to $45.3B. Trade in Articles of iron or steel, nes represent 0.25% of total world trade.
Exports: In 2019 the top exporters of Articles of iron or steel, nes were China ($8.5B), Germany ($4.93B), United States ($4.08B), Italy ($2.87B), and France ($1.77B).
Imports: In 2019 the top importers of Articles of iron or steel, nes were United States ($5.48B), Germany ($4.98B), Mexico ($2.29B), France ($2.12B), and Japan ($2.03B).
Tariffs: In 2018 the average tariff for Articles of iron or steel, nes was 7.84%, making it the 2898th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Articles of iron or steel, nes are Bahamas (41.3%), Algeria (29.1%), Bermuda (25%), Zimbabwe (24%), and Malawi (22.7%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Articles of iron or steel, nes ranks 1332nd in the Product Complexity Index (PCI).
Description: Iron and steel are often used in the construction of structures such as bridges and buildings. Iron and steel are also used in the manufacturing of machinery and in the production of chemicals, as well as in a number of other applications.