HS Icon Hot-Rolled Iron Bars

7213 (Harmonized System 1992 for 4-digit)

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.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Turkey, $1.03B

Top Destination (2019): United States, $605M

Hot-Rolled Iron Bars are the world's 291st most traded product.

In 2019, the top exporters of Hot-Rolled Iron Bars were Turkey ($1.03B), Germany ($999M), Spain ($732M), Italy ($633M), and Japan ($596M).

In 2019, the top importers of Hot-Rolled Iron Bars were United States ($605M), Germany ($545M), Netherlands ($526M), France ($413M), and Israel ($399M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $457M

Top Destination Growth (2018 - 2019): Algeria, $111M

Between 2018 and 2019, the exports of Hot-Rolled Iron Bars grew the fastest in Malaysia ($457M), South Africa ($45.9M), United Arab Emirates ($25M), Belarus ($11.4M), and Bosnia and Herzegovina ($5.3M).

Between 2018 and 2019, the fastest growing importers of Hot-Rolled Iron Bars were Algeria ($111M), Russia ($65M), Yemen ($61.8M), Kuwait ($44.5M), and Indonesia ($37.9M).

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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 Hot-Rolled Iron Bars.

In 2019,  market concentration measured using Shannon Entropy, was 4.92. This means that most of the exports of Hot-Rolled Iron Bars are explained by 30 countries.

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TOP NET EXPORTER (2019): Turkey, $834M

TOP NET IMPORTER (2019): United States, $532M

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

In 2019, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron Bars were Turkey ($834M), Spain ($530M), Germany ($454M), Japan ($418M), and Russia ($402M).

In 2019, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron Bars were United States ($532M), Netherlands ($475M), Israel ($399M), Romania ($354M), and Thailand ($346M).

Disaggregation

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Value

In 2019, the world most traded Hot-Rolled Iron Bars, disaggragated by their HS6 level were Hot rolled bar/rod, iron or non-alloy... ($7.71B), Hot rolled bar/rod grooved iron or... ($2.25B), Hot rolled bar/rod, iron or non-alloy... ($822M), Hot rolled bar/rod, irregular coils,free cutting... ($566M), and Bar/rod, iron or non-alloy steel, irregular... ($2.91k)

Import Tariffs

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In 2018, the average tariff for importing Hot-Rolled Iron Bars was 7.27%. The countries with the highest tariffs for importing Hot-Rolled Iron Bars were Bahamas (40.2%), Bermuda (25%), Turkey (25%), Zambia (22.7%), and Sudan (21.9%).

Product Complexity

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Diversification Frontier

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Specialization

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.

Country by Relatedness

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The following visualization shows the relatedness of Hot-Rolled Iron Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.