HS Icon Iron Blocks

7216 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Iron Blocks. In 2019, Iron Blocks were the world's 265th most traded product, with a total trade of $13.4B. Between 2018 and 2019 the exports of Iron Blocks decreased by -11.6%, from $15.2B to $13.4B. Trade in Iron Blocks represent 0.074% of total world trade.

Exports: In 2019 the top exporters of Iron Blocks  were Spain ($1.45B), Germany ($1.42B), Turkey ($1.09B), Luxembourg ($1.02B), and China ($973M).

Imports: In 2019 the top importers of Iron Blocks were Germany ($1.01B), France ($716M), United States ($587M), Netherlands ($569M), and Canada ($503M).

Tariffs: In 2018 the average tariff for Iron Blocks was 6.18%, making it the 682nd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Blocks are Bahamas (40.9%), Sudan (35%), Bermuda (25%), Tunisia (20%), and Angola (20%). The countries with the lowest tariffs are Zambia (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).

Ranking: Iron Blocks ranks 605th in the Product Complexity Index (PCI).

Description: Angles, shapes and sections of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including carbon steel, stainless steel, and cast iron.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $1.45B

Top Destination (2019): Germany, $1.01B

Iron Blocks are the world's 265th most traded product.

In 2019, the top exporters of Iron Blocks were Spain ($1.45B), Germany ($1.42B), Turkey ($1.09B), Luxembourg ($1.02B), and China ($973M).

In 2019, the top importers of Iron Blocks were Germany ($1.01B), France ($716M), United States ($587M), Netherlands ($569M), and Canada ($503M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $72.9M

Top Destination Growth (2018 - 2019): Vietnam, $58.6M

Between 2018 and 2019, the exports of Iron Blocks grew the fastest in Malaysia ($72.9M), Bahrain ($58.8M), Ukraine ($29.3M), Saudi Arabia ($15.5M), and Norway ($11.5M).

Between 2018 and 2019, the fastest growing importers of Iron Blocks were Vietnam ($58.6M), Russia ($39.1M), Indonesia ($34.1M), Ukraine ($31.2M), and South Korea ($30.5M).

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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 Iron Blocks.

In 2019,  market concentration measured using Shannon Entropy, was 4.83. This means that most of the exports of Iron Blocks are explained by 28 countries.

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TOP NET EXPORTER (2019): Spain, $1.33B

TOP NET IMPORTER (2019): France, $527M

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

In 2019, the countries that had a largest trade value in exports than in imports of Iron Blocks were Spain ($1.33B), Luxembourg ($993M), Turkey ($970M), China ($846M), and Germany ($403M).

In 2019, the countries that had a largest trade value in imports than in exports of Iron Blocks were France ($527M), Canada ($403M), Netherlands ($350M), United States ($259M), and United Kingdom ($240M).

Disaggregation

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Value

In 2019, the world most traded Iron Blocks, disaggragated by their HS6 level were Sections, H, iron or non-alloy steel,... ($4.11B), Sections, I, iron or non-alloy steel,... ($2.18B), Sections, U, iron or non-alloy steel,... ($1.39B), Angles/shapes/sections, iron or non-alloy steel, nes ($1.26B), and Sections, nes, iron or non-alloy steel,... ($1.26B)

Import Tariffs

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In 2018, the average tariff for importing Iron Blocks was 6.18%. The countries with the highest tariffs for importing Iron Blocks were Bahamas (40.9%), Sudan (35%), Bermuda (25%), Tunisia (20%), and Angola (20%).

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 Iron Blocks to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.