Overview: This page contains the latest trade data of Hot-Rolled Iron. In 2019, Hot-Rolled Iron were the world's 72nd most traded product, with a total trade of $49.1B. Between 2018 and 2019 the exports of Hot-Rolled Iron decreased by -11.3%, from $55.3B to $49.1B. Trade in Hot-Rolled Iron represent 0.27% of total world trade.
Exports: In 2019 the top exporters of Hot-Rolled Iron were Japan ($7.49B), South Korea ($5.42B), Germany ($2.65B), Chinese Taipei ($2.62B), and Belgium ($2.61B).
Imports: In 2019 the top importers of Hot-Rolled Iron were Italy ($3.35B), Vietnam ($3.24B), Germany ($2.86B), South Korea ($2.19B), and Turkey ($2.1B).
Tariffs: In 2018 the average tariff for Hot-Rolled Iron was 5.03%, making it the 817th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Hot-Rolled Iron are Bahamas (40.3%), Sudan (35%), Bermuda (25%), Romania (16%), and Pakistan (15.2%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Rwanda (0%), Zambia (0%), and Hong Kong (0%).
Ranking: Hot-Rolled Iron ranks 407th in the Product Complexity Index (PCI).
Description: Flat-rolled products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.