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722860 (Harmonized System 1992 for 6-digit)

2022
World Trade $488MRnk 2956 / 4648
2022
Top Exporter | Top Importer $62.2M | $58MGermany | Germany
2022
Product Complexity 0.18Rnk 2231 / 4653
2021 - 2022
Export Growth (CAGR) 13.2%Rnk 1287 / 4648
2022
Share of World Trade 0.0021%Rnk 2956 / 4648

About

Overview This page contains the latest trade data of Bar/rod, alloy steel nes. In 2022, Bar/rod, alloy steel nes were the world's 2956th most traded product, with a total trade of $488M. Between 2021 and 2022 the exports of Bar/rod, alloy steel nes grew by 13.2%, from $431M to $488M. Trade in Bar/rod, alloy steel nes represent 0.0021% of total world trade.

Bar/rod, alloy steel nes are a part of Other Steel Bars.

Exports In 2022 the top exporters of Bar/rod, alloy steel nes  were Germany ($62.2M), China ($47.2M), Senegal ($41.9M), Turkey ($40.1M), and Chinese Taipei ($33.6M).

Imports In 2022 the top importers of Bar/rod, alloy steel nes were Germany ($58M), Canada ($24.7M), Guinea-Bissau ($24.7M), Italy ($23.5M), and United States ($18.5M).

Ranking Bar/rod, alloy steel nes ranks 2231st in the Product Complexity Index (PCI).

Description The most common use of bar/rod is for reinforcing concrete buildings. Alloy steel is used in equipment that requires a strong but flexible metal.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, alloy 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 (2022)Germany$62.2M
Top Destination (2022)Germany$58M

In 2022 Bar/rod, alloy steel nes were the world's 2956th most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, alloy steel nes were Germany ($62.2M), China ($47.2M), Senegal ($41.9M), Turkey ($40.1M), and Chinese Taipei ($33.6M).

In 2022, the top importers of Bar/rod, alloy steel nes were Germany ($58M), Canada ($24.7M), Guinea-Bissau ($24.7M), Italy ($23.5M), and United States ($18.5M).

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Exporters of Bar/rod, alloy steel nes (2022)
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Importers of Bar/rod, alloy steel nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Senegal$19.2M
Top Destination Growth (2021 -  2022)Guinea-Bissau$24.4M

Between 2021 and 2022, the exports of Bar/rod, alloy steel nes grew the fastest in Senegal ($19.2M), Turkey ($15.1M), Poland ($13M), United States ($10.1M), and China ($10.1M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, alloy steel nes were Guinea-Bissau ($24.4M), Germany ($13M), Canada ($10.4M), Guyana ($6.65M), and Poland ($6.2M).

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Exporters of Bar/rod, alloy steel nes (2021 - 2022)

Importers of Bar/rod, alloy steel nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, alloy steel nes.

In 2022, market concentration measured using Shannon Entropy, was 4.5. This means that most of the exports of Bar/rod, alloy steel nes are explained by 22 countries.

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Value of Exports in Bar/rod, alloy steel nes

Net Trade

TOP NET EXPORTER (2022)Senegal$41.7M
TOP NET IMPORTER (2022)Canada$22.7M

This map shows which countries export or import more of Bar/rod, alloy steel nes. Each country is colored based on the difference in exports and imports of Bar/rod, alloy steel nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bar/rod, alloy steel nes were Senegal ($41.7M), Turkey ($37.3M), China ($30M), Chinese Taipei ($27.3M), and Poland ($17.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod, alloy steel nes were Canada ($22.7M), Guyana ($18.2M), Trinidad and Tobago ($11M), Egypt ($10.2M), and Vietnam ($7.93M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Bar/rod, alloy 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 (2022)

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