Overview: This page contains the latest trade data of Hot-Rolled Iron Bars. In 2019, Hot-Rolled Iron Bars were the world's 291st most traded product, with a total trade of $11.4B. Between 2018 and 2019 the exports of Hot-Rolled Iron Bars decreased by -17.2%, from $13.7B to $11.4B. Trade in Hot-Rolled Iron Bars represent 0.063% of total world trade.
Exports: In 2019 the top exporters of Hot-Rolled Iron Bars were Turkey ($1.03B), Germany ($999M), Spain ($732M), Italy ($633M), and Japan ($596M).
Imports: In 2019 the top importers of Hot-Rolled Iron Bars were United States ($605M), Germany ($545M), Netherlands ($526M), France ($413M), and Israel ($399M).
Tariffs: In 2018 the average tariff for Hot-Rolled Iron Bars was 7.27%, making it the 601st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Hot-Rolled Iron Bars are Bahamas (40.2%), Bermuda (25%), Turkey (25%), Zambia (22.7%), and Sudan (21.9%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Hot-Rolled Iron Bars ranks 504th in the Product Complexity Index (PCI).
Description: Bars and rods of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including cast iron, mild steel, stainless steel, and carbon steel.