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722790 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.5BRnk 997 / 4644
2023
Top Exporter | Top Importer $702M | $495MChina | United States
2023
Product Complexity 0.19Rnk 2213 / 4656
2022 - 2023
Export Growth (CAGR) -24.7%Rnk 3990 / 4644
2023
Share of World Trade 0.015%Rnk 997 / 4644

About

Overview This page contains the latest trade data of Bar/rod, alloy steel nes, irregularly wound coils. In 2023, Bar/rod, alloy steel nes, irregularly wound coils were the world's 997th most traded product, with a total trade of $3.5B. Between 2022 and 2023 the exports of Bar/rod, alloy steel nes, irregularly wound coils decreased by -24.7%, from $4.65B to $3.5B. Trade in Bar/rod, alloy steel nes, irregularly wound coils represent 0.015% of total world trade.

Bar/rod, alloy steel nes, irregularly wound coils are a part of Steel Bars.

Exports In 2023 the top exporters of Bar/rod, alloy steel nes, irregularly wound coils  were China ($702M), Japan ($560M), Germany ($412M), Austria ($223M), and Italy ($219M).

Imports In 2023 the top importers of Bar/rod, alloy steel nes, irregularly wound coils were United States ($495M), Thailand ($369M), Germany ($351M), Italy ($293M), and China ($174M).

Ranking Bar/rod, alloy steel nes, irregularly wound coils ranks 2213th in the Product Complexity Index (PCI).

Description It is common for bars and rods to be all alloy steel. These are used for a number of purposes, such as for reinforcing and joining structures. Irregularly wound coils are commonly used in the welding process.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, alloy steel nes, irregularly wound coils. 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$702M
Top Destination (2023)United States$495M

In 2023 Bar/rod, alloy steel nes, irregularly wound coils were the world's 997th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, alloy steel nes, irregularly wound coils were China ($702M), Japan ($560M), Germany ($412M), Austria ($223M), and Italy ($219M).

In 2023, the top importers of Bar/rod, alloy steel nes, irregularly wound coils were United States ($495M), Thailand ($369M), Germany ($351M), Italy ($293M), and China ($174M).

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

Color
Top Origin Growth (2022 -  2023)Egypt$9.43M
Top Destination Growth (2022 -  2023)Egypt$14.9M

Between 2022 and 2023, the exports of Bar/rod, alloy steel nes, irregularly wound coils grew the fastest in Egypt ($9.43M), Italy ($8.94M), Djibouti ($4.6M), Ukraine ($3.02M), and Iran ($1.91M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, alloy steel nes, irregularly wound coils were Egypt ($14.9M), Honduras ($9.32M), India ($9.25M), Hong Kong ($6.94M), and Ethiopia ($6.62M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.94. This means that most of the exports of Bar/rod, alloy steel nes, irregularly wound coils are explained by 15 countries.

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Value of Exports in Bar/rod, alloy steel nes, irregularly wound coils

Net Trade

TOP NET EXPORTER (2023)China$528M
TOP NET IMPORTER (2023)United States$464M

This map shows which countries export or import more of Bar/rod, alloy steel nes, irregularly wound coils. Each country is colored based on the difference in exports and imports of Bar/rod, alloy steel nes, irregularly wound coils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, alloy steel nes, irregularly wound coils were China ($528M), Japan ($525M), Austria ($203M), Canada ($176M), and Spain ($96.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, alloy steel nes, irregularly wound coils were United States ($464M), Thailand ($364M), Indonesia ($115M), Italy ($74M), and Poland ($67.3M).

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, irregularly wound coils.
It is possible to select the main countries that export or import Bar/rod, alloy steel nes, irregularly wound coils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, alloy steel nes, irregularly wound coils 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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