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721590 (Harmonized System 1992 for 6-digit)

2023
World Trade $781MRnk 2395 / 4644
2023
Top Exporter | Top Importer $113M | $80.4MIndia | Singapore
2023
Product Complexity -0.96Rnk 3765 / 4656
2022 - 2023
Export Growth (CAGR) -20.4%Rnk 3715 / 4644
2023
Share of World Trade 0.0035%Rnk 2395 / 4644

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, nes. In 2023, Bar/rod, iron or non-alloy steel, nes were the world's 2395th most traded product, with a total trade of $781M. Between 2022 and 2023 the exports of Bar/rod, iron or non-alloy steel, nes decreased by -20.4%, from $980M to $781M. Trade in Bar/rod, iron or non-alloy steel, nes represent 0.0035% of total world trade.

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

Exports In 2023 the top exporters of Bar/rod, iron or non-alloy steel, nes  were India ($113M), Romania ($78.3M), China ($77.2M), France ($63.8M), and Italy ($54.9M).

Imports In 2023 the top importers of Bar/rod, iron or non-alloy steel, nes were Singapore ($80.4M), Germany ($75.2M), United Arab Emirates ($41.7M), Canada ($38.7M), and United States ($22.4M).

Ranking Bar/rod, iron or non-alloy steel, nes ranks 3765th in the Product Complexity Index (PCI).

Description Non-alloy steel is an iron-based metal that is created by the process of smelting iron ore. It is often used in the manufacturing of industrial products such as rebar, wire, nails, and other materials.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, iron or non-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)India$113M
Top Destination (2023)Singapore$80.4M

In 2023 Bar/rod, iron or non-alloy steel, nes were the world's 2395th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, iron or non-alloy steel, nes were India ($113M), Romania ($78.3M), China ($77.2M), France ($63.8M), and Italy ($54.9M).

In 2023, the top importers of Bar/rod, iron or non-alloy steel, nes were Singapore ($80.4M), Germany ($75.2M), United Arab Emirates ($41.7M), Canada ($38.7M), and United States ($22.4M).

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Exporters of Bar/rod, iron or non-alloy steel, nes (2023)
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Importers of Bar/rod, iron or non-alloy steel, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Malaysia$26.8M
Top Destination Growth (2022 -  2023)Romania$7.79M

Between 2022 and 2023, the exports of Bar/rod, iron or non-alloy steel, nes grew the fastest in Malaysia ($26.8M), Austria ($6.75M), Luxembourg ($5.97M), Australia ($5.13M), and United States ($4.22M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, iron or non-alloy steel, nes were Romania ($7.79M), Mexico ($6.67M), Belgium ($6.47M), Saudi Arabia ($6.3M), and Spain ($3.95M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.58. This means that most of the exports of Bar/rod, iron or non-alloy steel, nes are explained by 23 countries.

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

Net Trade

TOP NET EXPORTER (2023)India$103M
TOP NET IMPORTER (2023)Singapore$74.5M

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

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, iron or non-alloy steel, nes were India ($103M), China ($65.5M), Romania ($65.5M), France ($45.2M), and Italy ($33.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, nes were Singapore ($74.5M), Germany ($43.7M), Canada ($36.2M), United Arab Emirates ($30.2M), and Bahrain ($19.5M).

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, iron or non-alloy steel, nes.
It is possible to select the main countries that export or import Bar/rod, iron or non-alloy steel, 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, 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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