Sign In
Pricing

721430 (Harmonized System 1992 for 6-digit)

2022
World Trade $438MRnk 3053 / 4648
2022
Top Exporter | Top Importer $102M | $101MGermany | Italy
2022
Product Complexity -0.81Rnk 3604 / 4653
2021 - 2022
Export Growth (CAGR) 25.2%Rnk 566 / 4648
2022
Share of World Trade 0.0018%Rnk 3053 / 4648

About

Overview This page contains the latest trade data of Bar/rod, iron or non-alloy steel, of free cutting steel, nes. In 2022, Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3053rd most traded product, with a total trade of $438M. Between 2021 and 2022 the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes grew by 25.2%, from $350M to $438M. Trade in Bar/rod, iron or non-alloy steel, of free cutting steel, nes represent 0.0018% of total world trade.

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

Exports In 2022 the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes  were Germany ($102M), Switzerland ($73.9M), France ($58.1M), Canada ($34M), and United Arab Emirates ($33.5M).

Imports In 2022 the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Italy ($101M), United States ($68.4M), Germany ($36.9M), Hong Kong ($30.9M), and Democratic Republic of the Congo ($25.2M).

Ranking Bar/rod, iron or non-alloy steel, of free cutting steel, nes ranks 3604th in the Product Complexity Index (PCI).

Description Bar/rod is used to make bars, rods, and other products. Iron or non-alloy steel is used for structural steel, beams, and supports, and free cutting steel is used for metalworking.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Bar/rod, iron or non-alloy steel, of free cutting 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.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)Germany$102M
Top Destination (2022)Italy$101M

In 2022 Bar/rod, iron or non-alloy steel, of free cutting steel, nes were the world's 3053rd most traded product (out of 4,648).

In 2022, the top exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Germany ($102M), Switzerland ($73.9M), France ($58.1M), Canada ($34M), and United Arab Emirates ($33.5M).

In 2022, the top importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Italy ($101M), United States ($68.4M), Germany ($36.9M), Hong Kong ($30.9M), and Democratic Republic of the Congo ($25.2M).

Explore Visualizations

Exporters of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022)
[Click to Select a Country]

Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)Switzerland$24M
Top Destination Growth (2021 -  2022)Hong Kong$27M

Between 2021 and 2022, the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes grew the fastest in Switzerland ($24M), United Arab Emirates ($23.8M), Canada ($16M), France ($15.1M), and Rwanda ($15.1M).

Between 2021 and 2022, the fastest growing importers of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Hong Kong ($27M), Italy ($22.7M), Democratic Republic of the Congo ($17.3M), United States ($17M), and Germany ($10.3M).

Explore Visualizations

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

Importers of Bar/rod, iron or non-alloy steel, of free cutting steel, 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, of free cutting steel, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.86. This means that most of the exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes are explained by 14 countries.

Explore Visualizations

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

Net Trade

TOP NET EXPORTER (2022)Switzerland$69.7M
TOP NET IMPORTER (2022)Italy$87.2M

This map shows which countries export or import more of Bar/rod, iron or non-alloy steel, of free cutting steel, nes. Each country is colored based on the difference in exports and imports of Bar/rod, iron or non-alloy steel, of free cutting steel, 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, of free cutting steel, nes were Switzerland ($69.7M), Germany ($65.1M), France ($49.7M), United Arab Emirates ($33.4M), and Rwanda ($18.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Bar/rod, iron or non-alloy steel, of free cutting steel, nes were Italy ($87.2M), United States ($56.3M), Hong Kong ($30.8M), Poland ($12.8M), and United Kingdom ($11M).

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms