Pig Iron7201 (Harmonized System 1992 for 4-digit)
2019 World Trade: $4.48B, Rnk 527 / 1217
2019 Top Exporter | Top Importer: $1.55B | $1.55B, Russia | United States
2019 Product Complexity: -1.16, Rnk 814 / 961
2018 - 2019 Export Growth (CAGR): -19.2%, Rnk 1138 / 1217
2018 Mean Tariff: 2.23%, Rnk 1210 / 1259
2019 Share of World Trade: 0.025%, Rnk 527 / 1217
Overview: This page contains the latest trade data of Pig Iron. In 2019, Pig Iron were the world's 527th most traded product, with a total trade of $4.48B. Between 2018 and 2019 the exports of Pig Iron decreased by -19.2%, from $5.54B to $4.48B. Trade in Pig Iron represent 0.025% of total world trade.
Exports: In 2019 the top exporters of Pig Iron were Russia ($1.55B), Brazil ($1B), Ukraine ($872M), South Africa ($186M), and India ($95.2M).
Imports: In 2019 the top importers of Pig Iron were United States ($1.55B), Italy ($428M), Turkey ($397M), China ($370M), and Netherlands ($210M).
Tariffs: In 2018 the average tariff for Pig Iron was 2.23%, making it the 1210th 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 814th in the Product Complexity Index (PCI).
Description: Pig iron is a type of iron that has been made by melting pig iron. It's used in the production of steel, and is usually sold as a raw material. Pig iron can also be used to make other products, such as castings and foundry sand. Spiegeleisen is a type of iron that has been made by melting spiegeleisen. It's used in the production of steel, and is usually sold as a raw material.
Trade By Country
Top Origin (2019): Russia, $1.55B
Top Destination (2019): United States, $1.55B
Pig Iron are the world's 527th most traded product.
In 2019, the top exporters of Pig Iron were Russia ($1.55B), Brazil ($1B), Ukraine ($872M), South Africa ($186M), and India ($95.2M).
In 2019, the top importers of Pig Iron were United States ($1.55B), Italy ($428M), Turkey ($397M), China ($370M), and Netherlands ($210M).
Trade by country
Between 2018 and 2019, the exports of Pig Iron grew the fastest in Brazil ($229M), Turkey ($46.8M), Italy ($15.1M), Kazakhstan ($14.4M), and France ($8.7M).
Between 2018 and 2019, the fastest growing importers of Pig Iron were China ($283M), Saudi Arabia ($122M), Turkey ($77.8M), Spain ($24.3M), and United Kingdom ($22.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pig Iron.
In 2019, market concentration measured using Shannon Entropy, was 2.99. This means that most of the exports of Pig Iron are explained by 7 countries.
TOP NET EXPORTER (2019): Russia, $1.53B
TOP NET IMPORTER (2019): United States, $1.55B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Pig Iron were Russia ($1.53B), Brazil ($1B), Ukraine ($871M), South Africa ($183M), and India ($77.4M).
In 2019, the countries that had a largest trade value in imports than in exports of Pig Iron were United States ($1.55B), Italy ($372M), China ($362M), Turkey ($349M), and Chinese Taipei ($148M).
In 2019, the world most traded Pig Iron, disaggragated by their HS6 level were Pig iron, non-alloy, <0.5% phosphorus ($4.06B), Alloy pig iron, in primary forms ($396M), and Pig iron, non-alloy, >0.5% phosphorus ($20M)
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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