HS Icon Bar/rod nes, alloy steel nes, nfw cold formed/finishe

722850 (Harmonized System 1992 for 6-digit)

World Trade (2019): $2.21B, Rnk 1219 / 4648

Top Exporter (2019): $362M, Germany

Top Importer (2019): $404M, Germany

Product Complexity (2019): 1.18, Rnk 531 / 4826

Export Growth (CAGR)(2018 - 2019): -13.1%, Rnk 3759 / 4648

Mean Tariff (2018): 5.16%, Rnk 4029 / 6538

Share of World Trade (2019): 0.012%, Rnk 1219 / 4648

Overview:  This page contains the latest trade data of Bar/rod nes, alloy steel nes, nfw cold formed/finishe. In 2019, Bar/rod nes, alloy steel nes, nfw cold formed/finishe were the world's 1219th most traded product, with a total trade of $2.21B. Between 2018 and 2019 the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe decreased by -13.1%, from  $2.55B to $2.21B. Trade in Bar/rod nes, alloy steel nes, nfw cold formed/finishe represent 0.012% of total world trade.

Exports: In 2019 the top exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe  were Germany ($362M), Italy ($226M), Austria ($190M), United States ($159M), and Russia ($123M).

Imports: In 2019 the top importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($404M), France ($179M), United States ($173M), Italy ($120M), and Poland ($118M).

Tariffs: In 2018 the average tariff for Bar/rod nes, alloy steel nes, nfw cold formed/finishe was 5.16%, making it the 4029th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bar/rod nes, alloy steel nes, nfw cold formed/finishe 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%), South Africa (0%), Zambia (0%), Hong Kong (0%), and Indonesia (0%).

Ranking: Bar/rod nes, alloy steel nes, nfw cold formed/finishe ranks 531st in the Product Complexity Index (PCI).

Description: Bar/rod is generally used for structural purposes, like reinforcing concrete or supporting pipes. Alloy steel is used in many applications because of its versatility and durability. It is used in cookware, for example. NFW cold formed/finished is a metalworking process that is done with no metal removal. It is used in the production of beams, for example.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $362M

Top Destination (2019): Germany, $404M

Bar/rod nes, alloy steel nes, nfw cold formed/finishe are the world's 1219th most traded product.

In 2019, the top exporters of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($362M), Italy ($226M), Austria ($190M), United States ($159M), and Russia ($123M).

In 2019, the top importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Germany ($404M), France ($179M), United States ($173M), Italy ($120M), and Poland ($118M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Belgium, $21.9M

Top Destination Growth (2018 - 2019): Spain, $19.4M

Between 2018 and 2019, the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe grew the fastest in Belgium ($21.9M), China ($13M), Hungary ($2.87M), Malaysia ($2.65M), and Mexico ($2.61M).

Between 2018 and 2019, the fastest growing importers of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Spain ($19.4M), Russia ($6.64M), Czechia ($3.63M), Israel ($2.69M), and Belgium ($2.43M).

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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 nes, alloy steel nes, nfw cold formed/finishe.

In 2019,  market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe are explained by 19 countries.

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TOP NET EXPORTER (2019): Austria, $147M

TOP NET IMPORTER (2019): France, $149M

This map shows which countries export or import more of Bar/rod nes, alloy steel nes, nfw cold formed/finishe. Each country is colored based on the difference in exports and imports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Austria ($147M), Italy ($105M), Russia ($96.8M), Japan ($95.6M), and Sweden ($82.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Bar/rod nes, alloy steel nes, nfw cold formed/finishe were France ($149M), Poland ($100M), Canada ($66.9M), Mexico ($48.7M), and Hungary ($47.6M).

Import Tariffs

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In 2018, the average tariff for importing Bar/rod nes, alloy steel nes, nfw cold formed/finishe was 5.16%.  The countries with the highest tariffs for importing Bar/rod nes, alloy steel nes, nfw cold formed/finishe were Bahamas (40.2%), Bermuda (25%), Kenya (23.6%), Tanzania (23.6%), and Uganda (23.5%).

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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.