HS Icon Flat-Rolled Iron

7226 (Harmonized System 1992 for 4-digit)

World Trade (2019): $3.46B, Rnk 594 / 1217

Top Exporter (2019): $815M, Germany

Top Importer (2019): $374M, Germany

Product Complexity (2019): 1.31, Rnk 77 / 961

Export Growth (CAGR)(2018 - 2019): -10.2%, Rnk 973 / 1217

Mean Tariff (2018): 5.3%, Rnk 775 / 1259

Share of World Trade (2019): 0.019%, Rnk 594 / 1217

Overview:  This page contains the latest trade data of Flat-Rolled Iron. In 2019, Flat-Rolled Iron were the world's 594th most traded product, with a total trade of $3.46B. Between 2018 and 2019 the exports of Flat-Rolled Iron decreased by -10.2%, from  $3.85B to $3.46B. Trade in Flat-Rolled Iron represent 0.019% of total world trade.

Exports: In 2019 the top exporters of Flat-Rolled Iron  were Germany ($815M), Austria ($410M), Japan ($333M), France ($240M), and United States ($229M).

Imports: In 2019 the top importers of Flat-Rolled Iron were Germany ($374M), China ($330M), United States ($180M), Canada ($156M), and Switzerland ($145M).

Tariffs: In 2018 the average tariff for Flat-Rolled Iron was 5.3%, making it the 775th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Flat-Rolled Iron are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Cameroon (19.6%), and Gabon (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Flat-Rolled Iron ranks 77th in the Product Complexity Index (PCI).

Description: Flat-rolled products of alloy steel other than stainless are used in the production of other goods. They can be made from a variety of materials, including carbon and chromium.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $815M

Top Destination (2019): Germany, $374M

Flat-Rolled Iron are the world's 594th most traded product.

In 2019, the top exporters of Flat-Rolled Iron were Germany ($815M), Austria ($410M), Japan ($333M), France ($240M), and United States ($229M).

In 2019, the top importers of Flat-Rolled Iron were Germany ($374M), China ($330M), United States ($180M), Canada ($156M), and Switzerland ($145M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Poland, $22.2M

Top Destination Growth (2018 - 2019): Vietnam, $45.4M

Between 2018 and 2019, the exports of Flat-Rolled Iron grew the fastest in Poland ($22.2M), Netherlands ($15.4M), Hong Kong ($13.7M), Turkey ($12.9M), and Vietnam ($11.1M).

Between 2018 and 2019, the fastest growing importers of Flat-Rolled Iron were Vietnam ($45.4M), Pakistan ($7.75M), Finland ($5.15M), Ireland ($3.41M), and Egypt ($3.05M).

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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 Flat-Rolled Iron.

In 2019,  market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Flat-Rolled Iron are explained by 17 countries.

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TOP NET EXPORTER (2019): Germany, $441M

TOP NET IMPORTER (2019): Vietnam, $127M

This map shows which countries export or import more of Flat-Rolled Iron. Each country is colored based on the difference in exports and imports of Flat-Rolled Iron during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Flat-Rolled Iron were Germany ($441M), Austria ($345M), Japan ($307M), France ($95.7M), and Russia ($66.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Flat-Rolled Iron were Vietnam ($127M), China ($127M), Switzerland ($119M), Canada ($108M), and Mexico ($102M).

Disaggregation

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Value

In 2019, the world most traded Flat-Rolled Iron, disaggragated by their HS6 level were Cold rolled alloy-steel nes nfw, <600mm... ($1.05B), Flat rolled silicon-electrical steel, <600mm wide ($976M), Flat rolled alloy-steel, <600mm wide, nes ($694M), Hot rolled alloy-steel nes nfw, <600mm... ($675M), and Flat rolled high speed steel <600mm... ($65.4M)

Import Tariffs

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In 2018, the average tariff for importing Flat-Rolled Iron was 5.3%.  The countries with the highest tariffs for importing Flat-Rolled Iron were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Cameroon (19.6%), and Gabon (19.6%).

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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.