HS Icon Iron Powder

7205 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Iron Powder. In 2019, Iron Powder were the world's 694th most traded product, with a total trade of $2.28B. Between 2018 and 2019 the exports of Iron Powder decreased by -9.52%, from $2.52B to $2.28B. Trade in Iron Powder represent 0.013% of total world trade.

Exports In 2019 the top exporters of Iron Powder  were Sweden ($423M), Japan ($234M), Germany ($231M), United States ($218M), and China ($186M).

Imports In 2019 the top importers of Iron Powder were China ($291M), Germany ($282M), United States ($219M), South Korea ($178M), and Italy ($116M).

Tariffs In 2018 the average tariff for Iron Powder was 3.1%, making it the 1123rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Iron Powder are Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Algeria (12.2%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking Iron Powder ranks 331st in the Product Complexity Index (PCI).

Description Pig iron is a type of iron that has been made into small, solid pieces. It's used in the production of steel. Spiegeleisen is a type of iron that has been melted and then cast into small pieces. It's used in the production of steel. Iron or steel (excl. granules and powders of ferro-alloys, turnings and filings of iron or steel, radioactive iron powders "isotopes" and certain low-calibre, substandard balls for ballbearings) are materials that have been made from iron ore or other types of metal. They're used in the production of other goods like automobiles, construction equipment, and household appliances.

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Sweden, $423M

Top Destination (2019): China, $291M

Iron Powder are the world's 694th most traded product.

In 2019, the top exporters of Iron Powder were Sweden ($423M), Japan ($234M), Germany ($231M), United States ($218M), and China ($186M).

In 2019, the top importers of Iron Powder were China ($291M), Germany ($282M), United States ($219M), South Korea ($178M), and Italy ($116M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): India, $30M

Top Destination Growth (2018 - 2019): Bangladesh, $29.4M

Between 2018 and 2019, the exports of Iron Powder grew the fastest in India ($30M), Ukraine ($9.04M), Hong Kong ($6.85M), Denmark ($5.18M), and United Kingdom ($4.7M).

Between 2018 and 2019, the fastest growing importers of Iron Powder were Bangladesh ($29.4M), Hong Kong ($8.11M), United Kingdom ($3.73M), Philippines ($3.58M), and United Arab Emirates ($3.46M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Iron Powder.

In 2019,  market concentration measured using Shannon Entropy, was 4.16. This means that most of the exports of Iron Powder are explained by 17 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Sweden, $405M

TOP NET IMPORTER (2019): South Korea, $131M

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

In 2019, the countries that had a largest trade value in exports than in imports of Iron Powder were Sweden ($405M), Canada ($128M), Japan ($122M), Romania ($68.3M), and Belgium ($50.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Iron Powder were South Korea ($131M), China ($105M), Italy ($79.7M), Mexico ($66.7M), and Spain ($63M).

Disaggregation

#permalink to section
Value

In 2019, the world most traded Iron Powder, disaggragated by their HS6 level were Powders, iron or steel, other than... ($1.01B), Powders, alloy steel ($699M), and Granules of pig iron or spiegeleisen ($569M)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Iron Powder was 3.1%. The countries with the highest tariffs for importing Iron Powder were Bahamas (40.2%), Bermuda (25%), Sudan (21.9%), Algeria (12.2%), and Aruba (12%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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

#permalink to section

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