HS Icon Large Flat-Rolled Iron

7211 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $4.26B, Rnk 548 / 1217

2019
Top Exporter | Top Importer
: $986M | $494M, Germany | Germany

2019
Product Complexity
: 0.67, Rnk 274 / 961

2018 - 2019
Export Growth (CAGR)
: -19.7%, Rnk 1144 / 1217

2018
Mean Tariff
: 6.09%, Rnk 693 / 1259

 2019
Share of World Trade
: 0.023%, Rnk 548 / 1217

Overview:  This page contains the latest trade data of Large Flat-Rolled Iron. In 2019, Large Flat-Rolled Iron were the world's 548th most traded product, with a total trade of $4.26B. Between 2018 and 2019 the exports of Large Flat-Rolled Iron decreased by -19.7%, from  $5.3B to $4.26B. Trade in Large Flat-Rolled Iron represent 0.023% of total world trade.

Exports: In 2019 the top exporters of Large Flat-Rolled Iron  were Germany ($986M), Italy ($409M), United States ($368M), Austria ($211M), and China ($202M).

Imports: In 2019 the top importers of Large Flat-Rolled Iron were Germany ($494M), France ($339M), Austria ($260M), United States ($250M), and Czechia ($233M).

Tariffs: In 2018 the average tariff for Large Flat-Rolled Iron was 6.09%, making it the 693rd lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Large Flat-Rolled Iron are Bahamas (40.2%), Sudan (35%), Bermuda (25%), Cameroon (19.6%), and Gabon (19.6%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Large Flat-Rolled Iron ranks 274th 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.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $986M

Top Destination (2019): Germany, $494M

Large Flat-Rolled Iron are the world's 548th most traded product.

In 2019, the top exporters of Large Flat-Rolled Iron were Germany ($986M), Italy ($409M), United States ($368M), Austria ($211M), and China ($202M).

In 2019, the top importers of Large Flat-Rolled Iron were Germany ($494M), France ($339M), Austria ($260M), United States ($250M), and Czechia ($233M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Luxembourg, $8.77M

Top Destination Growth (2018 - 2019): Iraq, $7.01M

Between 2018 and 2019, the exports of Large Flat-Rolled Iron grew the fastest in Luxembourg ($8.77M), Poland ($6.04M), Egypt ($5.94M), Saudi Arabia ($5.61M), and Vietnam ($2.21M).

Between 2018 and 2019, the fastest growing importers of Large Flat-Rolled Iron were Iraq ($7.01M), Uzbekistan ($5.09M), Saudi Arabia ($4.04M), Kuwait ($3.35M), and Czechia ($3.16M).

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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 Large Flat-Rolled Iron.

In 2019,  market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Large Flat-Rolled Iron are explained by 21 countries.

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TOP NET EXPORTER (2019): Germany, $492M

TOP NET IMPORTER (2019): France, $228M

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

In 2019, the countries that had a largest trade value in exports than in imports of Large Flat-Rolled Iron were Germany ($492M), Italy ($310M), South Korea ($128M), United States ($118M), and China ($86.7M).

In 2019, the countries that had a largest trade value in imports than in exports of Large Flat-Rolled Iron were France ($228M), Poland ($140M), Canada ($109M), Czechia ($109M), and Switzerland ($78.6M).

Disaggregation

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Value

In 2019, the world most traded Large Flat-Rolled Iron, disaggragated by their HS6 level were Hot rolled iron or non-alloy steel,... ($1.28B), Flat rolled iron or non-alloy steel,... ($1.1B), Hot rolled iron or non-alloy steel,... ($786M), Hot rolled iron or non-alloy steel,... ($523M), and Flat rolled iron or non-alloy steel,... ($326M)

Import Tariffs

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In 2018, the average tariff for importing Large Flat-Rolled Iron was 6.09%.  The countries with the highest tariffs for importing Large Flat-Rolled Iron were Bahamas (40.2%), Sudan (35%), Bermuda (25%), Cameroon (19.6%), and Gabon (19.6%).

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Product Complexity

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Diversification Frontier

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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.