HS Icon 600mm, t 1-3mm, nes onClick=titleClick(0)>Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes

720922 (Harmonized System 1992 for 6-digit)

World Trade (2018): $5.84B, Rnk 550 / 4726

Top Exporter (2018): $865M, South Korea

Top Importer (2018): $547M, Germany

Export Growth (CAGR)(2017 - 2018): 0.82%, Rnk 3761 / 4726

Mean Tariff (2018): 3.29%, Rnk 5540 / 6538

Share of World Trade (2018): 0.032%, Rnk 550 / 4726

Overview:  This page contains the latest trade data of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes. In 2018, Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were the world's 550th most traded product, with a total trade of $5.84B. Between 2017 and 2018 the exports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes grew by 0.82%, from  $5.8B to $5.84B. Trade in Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes represent 0.032% of total world trade.

Exports: In 2018 the top exporters of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes  were South Korea ($865M), China ($616M), Belgium-Luxembourg ($604M), Japan ($350M), and Germany ($304M).

Imports: In 2018 the top importers of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were Germany ($547M), United States ($496M), Belgium-Luxembourg ($326M), Poland ($305M), and Mexico ($271M).

Tariffs: In 2018 the average tariff for Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes was 3.29%, been the 5540 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes are Sweden (5%), Austria (4.72%), and Finland (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): South Korea, $865M

Top Destination (2018): Germany, $547M

Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes are the world's 550th most traded product.

In 2018, the top exporters of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were South Korea ($865M), China ($616M), Belgium-Luxembourg ($604M), Japan ($350M), and Germany ($304M).

In 2018, the top importers of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were Germany ($547M), United States ($496M), Belgium-Luxembourg ($326M), Poland ($305M), and Mexico ($271M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): South Korea, $153M

Top Destination Growth (2017 - 2018): Germany, $56M

Between 2017 and 2018, the exports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes grew the fastest in South Korea ($153M), Chinese Taipei ($81.3M), Vietnam ($80.5M), Belgium-Luxembourg ($79.8M), and Ukraine ($45.5M).

Between 2017 and 2018, the fastest growing importers of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were Germany ($56M), Poland ($50.5M), Thailand ($49.2M), Russia ($43.6M), and Czechia ($35.3M).

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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 Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.52. This means that most of the exports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes are explained by 22 countries.

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TOP NET EXPORTER (2018): South Korea, $734M

TOP NET IMPORTER (2018): United States, $328M

This map shows which countries export or import more of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes. Each country is colored based on the difference in exports and imports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were South Korea ($734M), China ($383M), Belgium-Luxembourg ($278M), Ukraine ($208M), and Chinese Taipei ($183M).

In 2018, the countries that had a largest trade value in imports than in exports of Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were United States ($328M), Poland ($289M), Germany ($243M), Mexico ($234M), and Thailand ($190M).

Trade Forecasts

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This section shows forecasts for total trade for Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, 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 Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes was 3.29%.  The countries with the highest tariffs for importing Cold rolled iron or non-alloy steel, coil, width >600mm, t 1-3mm, nes were Sweden (5%), Austria (4.72%), and Finland (0%).

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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.