Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes720712 (Harmonized System 1992 for 6-digit)
2019 World Trade: $11.3B, Rnk 266 / 4648
2019 Top Exporter | Top Importer: $3.39B | $2.53B, Russia | United States
2019 Product Complexity: -0.077, Rnk 2752 / 4826
2018 - 2019 Export Growth (CAGR): -23%, Rnk 4305 / 4648
2018 Mean Tariff: 3.65%, Rnk 5310 / 6538
2019 Share of World Trade: 0.062%, Rnk 266 / 4648
Overview: This page contains the latest trade data of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. In 2019, Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 266th most traded product, with a total trade of $11.3B. Between 2018 and 2019 the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes decreased by -23%, from $14.6B to $11.3B. Trade in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes represent 0.062% of total world trade.
Exports: In 2019 the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($3.39B), Brazil ($2.68B), Ukraine ($1.33B), Japan ($968M), and Mexico ($462M).
Imports: In 2019 the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.53B), Italy ($1.31B), Mexico ($1.03B), Chinese Taipei ($1.02B), and Belgium ($972M).
Tariffs: In 2018 the average tariff for Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes was 3.65%, making it the 5310th lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Bangladesh (20.1%), and Tunisia (20%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking: Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes ranks 2752nd in the Product Complexity Index (PCI).
Description: Semi-finished bars are used in a variety of industries, including construction, automotive, and home appliance.
Trade By Country
Top Origin (2019): Russia, $3.39B
Top Destination (2019): United States, $2.53B
Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are the world's 266th most traded product.
In 2019, the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($3.39B), Brazil ($2.68B), Ukraine ($1.33B), Japan ($968M), and Mexico ($462M).
In 2019, the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.53B), Italy ($1.31B), Mexico ($1.03B), Chinese Taipei ($1.02B), and Belgium ($972M).
Trade by country
Top Origin Growth (2018 - 2019): United Arab Emirates, $116M
Top Destination Growth (2018 - 2019): China, $192M
Between 2018 and 2019, the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes grew the fastest in United Arab Emirates ($116M), Poland ($84M), Sweden ($81.1M), Canada ($72.5M), and India ($60M).
Between 2018 and 2019, the fastest growing importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were China ($192M), Indonesia ($104M), Spain ($95.5M), Finland ($81.3M), and Italy ($54.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes.
In 2019, market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are explained by 9 countries.
TOP NET EXPORTER (2019): Russia, $3.39B
TOP NET IMPORTER (2019): United States, $2.52B
This map shows which countries export or import more of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. Each country is colored based on the difference in exports and imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($3.39B), Brazil ($2.63B), Ukraine ($1.33B), Japan ($825M), and United Arab Emirates ($339M).
In 2019, the countries that had a largest trade value in imports than in exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.52B), Italy ($1.31B), Chinese Taipei ($1.02B), Belgium ($954M), and Mexico ($565M).
In 2018, the average tariff for importing Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes was 3.65%. The countries with the highest tariffs for importing Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Bangladesh (20.1%), and Tunisia (20%).
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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