Pig Iron7201 (Harmonized System 1992 for 4-digit)
World Trade (2018): $5.52B, Rnk 474 / 1225
Top Exporter (2018): $2.31B, Russia
Top Importer (2018): $2.23B, United States
Product Complexity (2018): -0.84, Rnk 781 / 1018
Export Growth (CAGR)(2017 - 2018): 23.3%, Rnk 256 / 1225
Mean Tariff (2018): 2.23%, Rnk 1210 / 1259
Share of World Trade (2018): 0.03%, Rnk 474 / 1225
Overview: This page contains the latest trade data of Pig Iron. In 2018, Pig Iron were the world's 474th most traded product, with a total trade of $5.52B. Between 2017 and 2018 the exports of Pig Iron grew by 23.3%, from $4.48B to $5.52B. Trade in Pig Iron represent 0.03% of total world trade.
Exports: In 2018 the top exporters of Pig Iron were Russia ($2.31B), Ukraine ($1.22B), Brazil ($774M), South Africa ($245M), and India ($135M).
Imports: In 2018 the top importers of Pig Iron were United States ($2.23B), Italy ($560M), Turkey ($319M), Germany ($213M), and Netherlands ($207M).
Tariffs: In 2018 the average tariff for Pig Iron was 2.23%, been the 1210 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Pig Iron are Bahamas (40.2%), Bermuda (25%), Ecuador (12.8%), Algeria (12.4%), and Aruba (12%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Pig Iron ranks 781st in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2018): Russia, $2.31B
Top Destination (2018): United States, $2.23B
Pig Iron are the world's 474th most traded product.
In 2018, the top exporters of Pig Iron were Russia ($2.31B), Ukraine ($1.22B), Brazil ($774M), South Africa ($245M), and India ($135M).
In 2018, the top importers of Pig Iron were United States ($2.23B), Italy ($560M), Turkey ($319M), Germany ($213M), and Netherlands ($207M).
Trade by country
Top Origin Growth (2017 - 2018): Russia, $559M
Top Destination Growth (2017 - 2018): United States, $377M
Between 2017 and 2018, the exports of Pig Iron grew the fastest in Russia ($559M), Ukraine ($437M), South Africa ($63.4M), Saudi Arabia ($39M), and Belgium-Luxembourg ($28.2M).
Between 2017 and 2018, the fastest growing importers of Pig Iron were United States ($377M), Hong Kong ($181M), Russia ($120M), Germany ($51.8M), and Indonesia ($43.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pig Iron.
In 2018, market concentration measured using Shannon Entropy, was 2.83. This means that most of the exports of Pig Iron are explained by 7 countries.
TOP NET EXPORTER (2018): Russia, $2.17B
TOP NET IMPORTER (2018): United States, $2.22B
This map shows which countries export or import more of Pig Iron. Each country is colored based on the difference in exports and imports of Pig Iron during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Pig Iron were Russia ($2.17B), Ukraine ($1.22B), Brazil ($773M), South Africa ($243M), and India ($104M).
In 2018, the countries that had a largest trade value in imports than in exports of Pig Iron were United States ($2.22B), Italy ($519M), Turkey ($318M), Hong Kong ($181M), and Mexico ($137M).
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.
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