HS Icon Semi-Finished Iron

7207 (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
: 3.57%, Rnk 1069 / 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.

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 3.57%, making it the 1069th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Semi-Finished Iron are Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Tunisia (20%), and Angola (20%). 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.

Exporters and Importers

#permalink to section

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).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Malaysia, $723M

Top Destination Growth (2018 - 2019): China, $1.02B

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).

Explore Visualizations

Market Concentration

#permalink to section

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.

Explore Visualizations

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).

Disaggregation

#permalink to section
Value

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)

Import Tariffs

#permalink to section

In 2018, the average tariff for importing Semi-Finished Iron was 3.57%.  The countries with the highest tariffs for importing Semi-Finished Iron were Bahamas (41.8%), Bermuda (25%), Sudan (21.9%), Tunisia (20%), and Angola (20%).

Explore Tariff Data

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
Filter

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.