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722860 (Harmonized System 1992 for 6-digit)

2023
World Trade $532MRnk 2784 / 4644
2023
Top Exporter | Top Importer $70.3M | $45.3MGermany | Germany
2023
Product Complexity 0.42Rnk 1811 / 4656
2022 - 2023
Export Growth (CAGR) -3.1%Rnk 1866 / 4644
2023
Share of World Trade 0.0024%Rnk 2784 / 4644

About

Overview This page contains the latest trade data of Bar/rod, alloy steel nes. In 2023, Bar/rod, alloy steel nes were the world's 2784th most traded product, with a total trade of $532M. Between 2022 and 2023 the exports of Bar/rod, alloy steel nes decreased by -3.1%, from $550M to $532M. Trade in Bar/rod, alloy steel nes represent 0.0024% of total world trade.

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

Exports In 2023 the top exporters of Bar/rod, alloy steel nes  were Germany ($70.3M), China ($70M), United States ($51.5M), Chinese Taipei ($40.8M), and Senegal ($28.4M).

Imports In 2023 the top importers of Bar/rod, alloy steel nes were Germany ($45.3M), Italy ($42.7M), India ($35.5M), United States ($29M), and Poland ($27.4M).

Ranking Bar/rod, alloy steel nes ranks 1811th 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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Y-AXIS SCALE

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 (2023)Germany$70.3M
Top Destination (2023)Germany$45.3M

In 2023 Bar/rod, alloy steel nes were the world's 2784th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, alloy steel nes were Germany ($70.3M), China ($70M), United States ($51.5M), Chinese Taipei ($40.8M), and Senegal ($28.4M).

In 2023, the top importers of Bar/rod, alloy steel nes were Germany ($45.3M), Italy ($42.7M), India ($35.5M), United States ($29M), and Poland ($27.4M).

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Exporters of Bar/rod, alloy steel nes (2023)
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Importers of Bar/rod, alloy steel nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$23.5M
Top Destination Growth (2022 -  2023)Italy$20.9M

Between 2022 and 2023, the exports of Bar/rod, alloy steel nes grew the fastest in Romania ($23.5M), United States ($19.4M), Italy ($8.49M), South Korea ($6.69M), and Germany ($5.95M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, alloy steel nes were Italy ($20.9M), Belgium ($12.5M), Poland ($12.4M), India ($10.9M), and Mali ($7.06M).

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Exporters of Bar/rod, alloy steel nes (2022 - 2023)

Importers of Bar/rod, alloy steel nes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.44. This means that most of the exports of Bar/rod, alloy steel nes are explained by 21 countries.

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Value of Exports in Bar/rod, alloy steel nes

Net Trade

TOP NET EXPORTER (2023)China$57M
TOP NET IMPORTER (2023)India$24.6M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, alloy steel nes were China ($57M), Chinese Taipei ($34.1M), Senegal ($28.4M), Germany ($24.9M), and Romania ($23.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, alloy steel nes were India ($24.6M), Canada ($21.3M), Guyana ($17.8M), Italy ($15.8M), and United Kingdom ($14.6M).

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 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 (2023)

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