HS Icon 0.6%C, nes onClick=titleClick(0)>Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes

721350 (Harmonized System 1992 for 6-digit)

World Trade (2018): $114k, Rnk 4631 / 4726

Top Exporter (2018): $106k, China

Top Importer (2018): $106k, Guyana

Export Growth (CAGR)(2017 - 2018): -72.9%, Rnk 4695 / 4726

Mean Tariff (2018): 6.45%, Rnk 3412 / 6538

Share of World Trade (2018): <0.01%, Rnk 4631 / 4726

Overview:  This page contains the latest trade data of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes. In 2018, Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were the world's 4631st most traded product, with a total trade of $114k. Between 2017 and 2018 the exports of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes decreased by -72.9%, from  $418k to $114k. Trade in Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes represent 6.2e-7% of total world trade.

Exports: In 2018 the top exporters of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes  were China ($106k) and Turkey ($7.62k).

Imports: In 2018 the top importers of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were Guyana ($106k) and Antigua and Barbuda ($7.62k).

Tariffs: In 2018 the average tariff for Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes was 6.45%, been the 3412 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes are Finland (12%), Sweden (5%), and Austria (3.82%).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $106k

Top Destination (2018): Guyana, $106k

Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes are the world's 4631st most traded product.

In 2018, the top exporters of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were China ($106k) and Turkey ($7.62k).

In 2018, the top importers of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were Guyana ($106k) and Antigua and Barbuda ($7.62k).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Turkey, $7.62k

Top Destination Growth (2017 - 2018): Antigua and Barbuda, $7.62k

Between 2017 and 2018, the exports of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes grew the fastest in Turkey ($7.62k).

Between 2017 and 2018, the fastest growing importers of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were Antigua and Barbuda ($7.62k).

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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 Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes.

In 2018,  market concentration measured using Shannon Entropy, was 0.35. This means that most of the exports of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes are explained by 1 countries.

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This map shows which countries export or import more of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes. Each country is colored based on the difference in exports and imports of Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes during 2018.

Trade Forecasts

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This section shows forecasts for total trade for Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes. 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 Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes was 6.45%.  The countries with the highest tariffs for importing Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes were Finland (12%), Sweden (5%), and Austria (3.82%).

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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.