HS Icon Other Iron Bars

7215 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $2.74B, Rnk 649 / 1217

2019
Top Exporter | Top Importer
: $466M | $442M, Italy | Germany

2019
Product Complexity
: 0.17, Rnk 469 / 961

2018 - 2019
Export Growth (CAGR)
: -14.3%, Rnk 1063 / 1217

2018
Mean Tariff
: 7.45%, Rnk 590 / 1259

 2019
Share of World Trade
: 0.015%, Rnk 649 / 1217

Overview:  This page contains the latest trade data of Other Iron Bars. In 2019, Other Iron Bars were the world's 649th most traded product, with a total trade of $2.74B. Between 2018 and 2019 the exports of Other Iron Bars decreased by -14.3%, from  $3.2B to $2.74B. Trade in Other Iron Bars represent 0.015% of total world trade.

Exports: In 2019 the top exporters of Other Iron Bars  were Italy ($466M), Germany ($254M), France ($159M), Spain ($150M), and Turkey ($145M).

Imports: In 2019 the top importers of Other Iron Bars were Germany ($442M), Singapore ($198M), France ($169M), Mexico ($139M), and Poland ($135M).

Tariffs: In 2018 the average tariff for Other Iron Bars was 7.45%, making it the 590th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Iron Bars are Bahamas (42.4%), Nepal (30%), Bermuda (25%), Kenya (23.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Egypt (0%), Mauritius (0%), Zambia (0%), Hong Kong (0%), and Japan (0%).

Ranking: Other Iron Bars ranks 469th 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, carbon steel, stainless steel, and alloy steel.

Exporters and Importers

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Trade By Country

Top Origin (2019): Italy, $466M

Top Destination (2019): Germany, $442M

Other Iron Bars are the world's 649th most traded product.

In 2019, the top exporters of Other Iron Bars were Italy ($466M), Germany ($254M), France ($159M), Spain ($150M), and Turkey ($145M).

In 2019, the top importers of Other Iron Bars were Germany ($442M), Singapore ($198M), France ($169M), Mexico ($139M), and Poland ($135M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Qatar, $73.7M

Top Destination Growth (2018 - 2019): Singapore, $156M

Between 2018 and 2019, the exports of Other Iron Bars grew the fastest in Qatar ($73.7M), Turkey ($35.3M), Vietnam ($13M), Ukraine ($7.64M), and Hungary ($4.59M).

Between 2018 and 2019, the fastest growing importers of Other Iron Bars were Singapore ($156M), Cambodia ($14.7M), United Arab Emirates ($10.5M), Mozambique ($4.91M), and Japan ($3.24M).

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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 Other Iron Bars.

In 2019,  market concentration measured using Shannon Entropy, was 4.73. This means that most of the exports of Other Iron Bars are explained by 26 countries.

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TOP NET EXPORTER (2019): Italy, $389M

TOP NET IMPORTER (2019): Singapore, $191M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Iron Bars were Italy ($389M), Turkey ($116M), Spain ($92M), Qatar ($91.3M), and Romania ($76.9M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Iron Bars were Singapore ($191M), Germany ($188M), Mexico ($135M), Poland ($64M), and Netherlands ($42M).

Disaggregation

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Value

In 2019, the world most traded Other Iron Bars, disaggragated by their HS6 level were Bar/rod, iron or non-alloy steel, cold... ($1.18B), Bar/rod, iron or non-alloy steel, nes ($776M), Bar/rod, cold formed/finished free cutting steel ($734M), and Bar/rod, iron or non-alloy steel, cold... ($56.5M)

Import Tariffs

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In 2018, the average tariff for importing Other Iron Bars was 7.45%.  The countries with the highest tariffs for importing Other Iron Bars were Bahamas (42.4%), Nepal (30%), Bermuda (25%), Kenya (23.6%), and Tanzania (23.6%).

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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.