Overview: This page contains the latest trade data of Steel Ingots. In 2018, Steel Ingots were the world's 539th most traded product, with a total trade of $4.45B. Between 2017 and 2018 the exports of Steel Ingots grew by 26.4%, from $3.52B to $4.45B. Trade in Steel Ingots represent 0.024% of total world trade.
Exports: In 2018 the top exporters of Steel Ingots were Brazil ($1.17B), Russia ($429M), France ($383M), Italy ($345M), and Austria ($303M).
Top Destination Growth (2017 - 2018): United States, $449M
Between 2017 and 2018, the exports of Steel Ingots grew the fastest in Brazil ($326M), France ($126M), Romania ($69.3M), Italy ($68.4M), and Turkey ($68.4M).
This chart shows the evolution of the market concentration of exports of Steel Ingots.
In 2018, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Steel Ingots are explained by 16 countries.
This map shows which countries export or import more of Steel Ingots. Each country is colored based on the difference in exports and imports of Steel Ingots during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Steel Ingots were Brazil ($1.15B), Russia ($427M), France ($199M), Austria ($196M), and Japan ($161M).
In 2018, the countries that had a largest trade value in imports than in exports of Steel Ingots were United States ($1.26B), Germany ($436M), Belgium-Luxembourg ($174M), Sweden ($101M), and Spain ($98M).
In 2018, the average tariff for importing Steel Ingots was 2.96%. The countries with the highest tariffs for importing Steel Ingots were Bahamas (31.2%), Bermuda (25%), Sudan (21.9%), Mauritania (13%), and Algeria (12.2%).
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.