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732690 (Harmonized System 1992 for 6-digit)

2023
World Trade $54.2BRnk 55 / 4644
2023
Top Exporter | Top Importer $13.2B | $6.4BChina | United States
2023
Product Complexity 0.82Rnk 1077 / 4656
2022 - 2023
Export Growth (CAGR) -4.01%Rnk 1981 / 4644
2023
Share of World Trade 0.24%Rnk 55 / 4644

About

Overview This page contains the latest trade data of Articles of iron or steel, nes. In 2023, Articles of iron or steel, nes were the world's 55th most traded product, with a total trade of $54.2B. Between 2022 and 2023 the exports of Articles of iron or steel, nes decreased by -4.01%, from $56.4B to $54.2B. Trade in Articles of iron or steel, nes represent 0.24% of total world trade.

Articles of iron or steel, nes are a part of Other Iron Products.

Exports In 2023 the top exporters of Articles of iron or steel, nes  were China ($13.2B), Germany ($6.08B), United States ($5.17B), Italy ($2.82B), and Japan ($1.72B).

Imports In 2023 the top importers of Articles of iron or steel, nes were United States ($6.4B), Germany ($5.28B), Mexico ($3.31B), Thailand ($2.95B), and France ($2.42B).

Ranking Articles of iron or steel, nes ranks 1077th in the Product Complexity Index (PCI).

Description Iron and steel are often used in the construction of structures such as bridges and buildings. Iron and steel are also used in the manufacturing of machinery and in the production of chemicals, as well as in a number of other applications.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Articles of iron or steel, nes. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$13.2B
Top Destination (2023)United States$6.4B

In 2023 Articles of iron or steel, nes were the world's 55th most traded product (out of 4,644).

In 2023, the top exporters of Articles of iron or steel, nes were China ($13.2B), Germany ($6.08B), United States ($5.17B), Italy ($2.82B), and Japan ($1.72B).

In 2023, the top importers of Articles of iron or steel, nes were United States ($6.4B), Germany ($5.28B), Mexico ($3.31B), Thailand ($2.95B), and France ($2.42B).

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Exporters of Articles of iron or steel, nes (2023)
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Importers of Articles of iron or steel, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$273M
Top Destination Growth (2022 -  2023)Thailand$390M

Between 2022 and 2023, the exports of Articles of iron or steel, nes grew the fastest in Germany ($273M), France ($243M), Mexico ($181M), Spain ($122M), and United States ($120M).

Between 2022 and 2023, the fastest growing importers of Articles of iron or steel, nes were Thailand ($390M), Malaysia ($221M), Turkey ($99.3M), Costa Rica ($80.1M), and Ireland ($75.4M).

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Exporters of Articles of iron or steel, nes (2022 - 2023)

Importers of Articles of iron or steel, nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Articles of iron or steel, nes.

In 2023, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Articles of iron or steel, nes are explained by 22 countries.

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Value of Exports in Articles of iron or steel, nes

Net Trade

TOP NET EXPORTER (2023)China$11.5B
TOP NET IMPORTER (2023)Thailand$2.32B

This map shows which countries export or import more of Articles of iron or steel, nes. Each country is colored based on the difference in exports and imports of Articles of iron or steel, nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Articles of iron or steel, nes were China ($11.5B), Italy ($1.54B), Germany ($797M), Chinese Taipei ($502M), and Turkey ($481M).

In 2023, the countries that had a largest trade value in imports than in exports of Articles of iron or steel, nes were Thailand ($2.32B), Mexico ($1.83B), United States ($1.23B), France ($706M), and Australia ($621M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Articles of iron or steel, nes.
It is possible to select the main countries that export or import Articles of iron or steel, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Articles of iron or steel, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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