Semi-Finished Iron7207 (Harmonized System 1992 for 4-digit)
2019 World Trade: $25.8B, Rnk 146 / 1217
2019 Top Exporter | Top Importer: $6.99B | $2.79B, Russia | United States
2019 Product Complexity: -0.6, Rnk 688 / 961
2018 - 2019 Export Growth (CAGR): -23.1%, Rnk 1167 / 1217
2018 Mean Tariff: 3.47%, Rnk 1094 / 1259
2019 Share of World Trade: 0.14%, Rnk 146 / 1217
Overview This page contains the latest trade data of Semi-Finished Iron. In 2019, Semi-Finished Iron were the world's 146th most traded product, with a total trade of $25.8B. Between 2018 and 2019 the exports of Semi-Finished Iron decreased by -23.1%, from $33.6B to $25.8B. Trade in Semi-Finished Iron represent 0.14% of total world trade.
Semi-Finished Iron are a part of Iron and steel. They include Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes, Rectangular iron or non-alloy steel bars, <.25%C, width< twice thicknes, Semi-finished product, iron or non-alloy steel >0.25%C, and Semi-finished product, iron or non-alloy steel <0.25%C, nes.
Exports In 2019 the top exporters of Semi-Finished Iron were Russia ($6.99B), Brazil ($3.2B), Ukraine ($2.55B), Japan ($1.4B), and India ($1.26B).
Imports In 2019 the top importers of Semi-Finished Iron were United States ($2.79B), Chinese Taipei ($2.22B), Italy ($1.81B), Indonesia ($1.7B), and Egypt ($1.62B).
Tariffs In 2018 the average tariff for Semi-Finished Iron was 3.47%, making it the 1094th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Semi-Finished Iron are Bahamas (41.8%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%). The countries with the lowest tariffs are Egypt (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).
Ranking Semi-Finished Iron ranks 688th in the Product Complexity Index (PCI).
Description Semi-finished products of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including iron and steel.
The following visualization shows the latest trends on Semi-Finished Iron. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using October 2021 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2019): Russia, $6.99B
Top Destination (2019): United States, $2.79B
Semi-Finished Iron are the world's 146th most traded product.
In 2019, the top exporters of Semi-Finished Iron were Russia ($6.99B), Brazil ($3.2B), Ukraine ($2.55B), Japan ($1.4B), and India ($1.26B).
In 2019, the top importers of Semi-Finished Iron were United States ($2.79B), Chinese Taipei ($2.22B), Italy ($1.81B), Indonesia ($1.7B), and Egypt ($1.62B).
Trade by country
Between 2018 and 2019, the exports of Semi-Finished Iron grew the fastest in Malaysia ($723M), Turkey ($242M), United Arab Emirates ($147M), Oman ($119M), and Sweden ($74.9M).
Between 2018 and 2019, the fastest growing importers of Semi-Finished Iron were China ($1.02B), Morocco ($132M), Finland ($78.9M), Russia ($67.7M), and Nigeria ($58.2M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Semi-Finished Iron.
In 2019, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Semi-Finished Iron are explained by 17 countries.
TOP NET EXPORTER (2019): Russia, $6.84B
TOP NET IMPORTER (2019): United States, $2.75B
This map shows which countries export or import more of Semi-Finished Iron. Each country is colored based on the difference in exports and imports of Semi-Finished Iron during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Semi-Finished Iron were Russia ($6.84B), Brazil ($3.12B), Ukraine ($2.53B), Japan ($1.21B), and India ($1.19B).
In 2019, the countries that had a largest trade value in imports than in exports of Semi-Finished Iron were United States ($2.75B), Chinese Taipei ($2.2B), Egypt ($1.62B), Italy ($1.55B), and Indonesia ($1.47B).
In 2019, the world most traded Semi-Finished Iron, disaggragated by their HS6 level were Semi-finished bars, iron or non-alloy steel... ($11.3B), Rectangular iron or non-alloy steel bars,... ($6.45B), Semi-finished product, iron or non-alloy steel... ($4.78B), and Semi-finished product, iron or non-alloy steel... ($3.33B)
This visualization shows the countries that have an important ratio of their trade related to Semi-Finished Iron. It is possible to select the main countries that export or import Semi-Finished Iron in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Semi-Finished Iron was 3.47%. The countries with the highest tariffs for importing Semi-Finished Iron were Bahamas (41.8%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%).
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.