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721420 (Harmonized System 1992 for 6-digit)

2022
World Trade $17.2BRnk 198 / 4648
2022
Top Exporter | Top Importer $3.99B | $1.2BTurkey | United States
2022
Product Complexity -1.32Rnk 4113 / 4653
2021 - 2022
Export Growth (CAGR) -10.8%Rnk 4000 / 4648
2022
Share of World Trade 0.073%Rnk 198 / 4648

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, indented or twisted, nes. In 2022, Bar/rod, iron or non-alloy steel, indented or twisted, nes were the world's 198th most traded product, with a total trade of $17.2B. Between 2021 and 2022 the exports of Bar/rod, iron or non-alloy steel, indented or twisted, nes decreased by -10.8%, from $19.3B to $17.2B. Trade in Bar/rod, iron or non-alloy steel, indented or twisted, nes represent 0.073% of total world trade.

Bar/rod, iron or non-alloy steel, indented or twisted, nes are a part of Raw Iron Bars.

Exports In 2022 the top exporters of Bar/rod, iron or non-alloy steel, indented or twisted, nes  were Turkey ($3.99B), Italy ($915M), Vietnam ($848M), Malaysia ($796M), and United Arab Emirates ($664M).

Imports In 2022 the top importers of Bar/rod, iron or non-alloy steel, indented or twisted, nes were United States ($1.2B), Hong Kong ($1.17B), Israel ($887M), Germany ($814M), and Canada ($615M).

Ranking Bar/rod, iron or non-alloy steel, indented or twisted, nes ranks 4113th in the Product Complexity Index (PCI).

Description Steel bars, rods, or wires are used to provide tensile strength in a wide variety of metal products. Steel bars are used in the production of construction materials such as rebar, structural steel, and wire mesh. Rods can be used for reinforcing concrete structures or for reinforcing the walls of a building, as well as other uses.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, iron or non-alloy steel, indented or twisted, 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)Turkey$3.99B
Top Destination (2022)United States$1.2B

In 2022 Bar/rod, iron or non-alloy steel, indented or twisted, nes were the world's 198th most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, iron or non-alloy steel, indented or twisted, nes were Turkey ($3.99B), Italy ($915M), Vietnam ($848M), Malaysia ($796M), and United Arab Emirates ($664M).

In 2022, the top importers of Bar/rod, iron or non-alloy steel, indented or twisted, nes were United States ($1.2B), Hong Kong ($1.17B), Israel ($887M), Germany ($814M), and Canada ($615M).

Explore Visualizations

Exporters of Bar/rod, iron or non-alloy steel, indented or twisted, nes (2022)
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Importers of Bar/rod, iron or non-alloy steel, indented or twisted, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Algeria$245M
Top Destination Growth (2021 -  2022)United States$336M

Between 2021 and 2022, the exports of Bar/rod, iron or non-alloy steel, indented or twisted, nes grew the fastest in Algeria ($245M), Vietnam ($221M), China ($163M), Poland ($150M), and United Arab Emirates ($150M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, iron or non-alloy steel, indented or twisted, nes were United States ($336M), Germany ($241M), United Kingdom ($118M), Hong Kong ($115M), and Belgium ($78.9M).

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Exporters of Bar/rod, iron or non-alloy steel, indented or twisted, nes (2021 - 2022)

Importers of Bar/rod, iron or non-alloy steel, indented or twisted, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, iron or non-alloy steel, indented or twisted, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.9. This means that most of the exports of Bar/rod, iron or non-alloy steel, indented or twisted, nes are explained by 29 countries.

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Value of Exports in Bar/rod, iron or non-alloy steel, indented or twisted, nes

Net Trade

TOP NET EXPORTER (2022)Turkey$3.93B
TOP NET IMPORTER (2022)Hong Kong$1.13B

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

In 2022, the countries that had a largest trade value in exports than in imports of Bar/rod, iron or non-alloy steel, indented or twisted, nes were Turkey ($3.93B), Italy ($885M), Vietnam ($838M), Malaysia ($767M), and Russia ($592M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, indented or twisted, nes were Hong Kong ($1.13B), United States ($1.03B), Israel ($887M), Canada ($526M), and Singapore ($466M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Bar/rod, iron or non-alloy steel, indented or twisted, 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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