Overview: This page contains the latest trade data of Raw Iron Bars. In 2019, Raw Iron Bars were the world's 225th most traded product, with a total trade of $16B. Between 2018 and 2019 the exports of Raw Iron Bars decreased by -15.6%, from $19B to $16B. Trade in Raw Iron Bars represent 0.088% of total world trade.
Exports: In 2019 the top exporters of Raw Iron Bars were Turkey ($2.77B), Italy ($1.18B), Russia ($798M), Germany ($670M), and China ($575M).
Imports: In 2019 the top importers of Raw Iron Bars were Germany ($975M), Hong Kong ($671M), United States ($665M), Yemen ($468M), and Singapore ($442M).
Tariffs: In 2018 the average tariff for Raw Iron Bars was 7.96%, making it the 548th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Raw Iron Bars are Bahamas (33.5%), Nepal (27.5%), Bermuda (25%), Kenya (23.6%), and Tanzania (23.6%). The countries with the lowest tariffs are Egypt (0%), Hong Kong (0%), Japan (0%), South Korea (0%), and Singapore (0%).
Ranking: Raw Iron Bars ranks 876th 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.