Overview: This page contains the latest trade data of Raw Iron Bars. In 2018, Raw Iron Bars were the world's 202nd most traded product, with a total trade of $18.2B. Between 2017 and 2018 the exports of Raw Iron Bars grew by 24.8%, from $14.6B to $18.2B. Trade in Raw Iron Bars represent 0.099% of total world trade.
Exports: In 2018 the top exporters of Raw Iron Bars were Turkey ($3.33B), Italy ($1.33B), Russia ($1.02B), Germany ($852M), and Ukraine ($835M).
Ranking: Raw Iron Bars ranks 892nd 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 carbon steel, stainless steel, and nickel-chromium alloys.
Top Destination Growth (2017 - 2018): Germany, $304M
Between 2017 and 2018, the exports of Raw Iron Bars grew the fastest in Turkey ($1.04B), Saudi Arabia ($540M), Qatar ($312M), Oman ($265M), and Russia ($212M).
This chart shows the evolution of the market concentration of exports of Raw Iron Bars.
In 2018, market concentration measured using Shannon Entropy, was 5.04. This means that most of the exports of Raw Iron Bars are explained by 32 countries.
This map shows which countries export or import more of Raw Iron Bars. Each country is colored based on the difference in exports and imports of Raw Iron Bars during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Raw Iron Bars were Turkey ($3.27B), Italy ($1.07B), Russia ($912M), Ukraine ($681M), and Oman ($567M).
In 2018, the average tariff for importing Raw Iron Bars was 7.96%. The countries with the highest tariffs for importing Raw Iron Bars were Bahamas (33.5%), Nepal (27.5%), Bermuda (25%), Kenya (23.6%), and Tanzania (23.6%).
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.