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722720 (Harmonized System 1992 for 6-digit)

2023
World Trade $421MRnk 3020 / 4644
2023
Top Exporter | Top Importer $129M | $82.3MChina | United States
2023
Product Complexity 0.7Rnk 1273 / 4656
2022 - 2023
Export Growth (CAGR) -5.08%Rnk 2115 / 4644
2023
Share of World Trade 0.0019%Rnk 3020 / 4644

About

Overview This page contains the latest trade data of Bar/rod, of silico-manganese steel, irregular coils. In 2023, Bar/rod, of silico-manganese steel, irregular coils were the world's 3020th most traded product, with a total trade of $421M. Between 2022 and 2023 the exports of Bar/rod, of silico-manganese steel, irregular coils decreased by -5.08%, from $444M to $421M. Trade in Bar/rod, of silico-manganese steel, irregular coils represent 0.0019% of total world trade.

Bar/rod, of silico-manganese steel, irregular coils are a part of Steel Bars.

Exports In 2023 the top exporters of Bar/rod, of silico-manganese steel, irregular coils  were China ($129M), Japan ($82.5M), Canada ($61M), South Korea ($42.9M), and Germany ($28.3M).

Imports In 2023 the top importers of Bar/rod, of silico-manganese steel, irregular coils were United States ($82.3M), South Korea ($47.5M), Malaysia ($44.8M), Indonesia ($43.9M), and Italy ($29.8M).

Ranking Bar/rod, of silico-manganese steel, irregular coils ranks 1273rd in the Product Complexity Index (PCI).

Description Bar/rod, silico-manganese steel, irregular coils are used in construction and in the production of electrical and mechanical products.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bar/rod, of silico-manganese steel, irregular 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$129M
Top Destination (2023)United States$82.3M

In 2023 Bar/rod, of silico-manganese steel, irregular coils were the world's 3020th most traded product (out of 4,644).

In 2023, the top exporters of Bar/rod, of silico-manganese steel, irregular coils were China ($129M), Japan ($82.5M), Canada ($61M), South Korea ($42.9M), and Germany ($28.3M).

In 2023, the top importers of Bar/rod, of silico-manganese steel, irregular coils were United States ($82.3M), South Korea ($47.5M), Malaysia ($44.8M), Indonesia ($43.9M), and Italy ($29.8M).

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Exporters of Bar/rod, of silico-manganese steel, irregular coils (2023)
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Importers of Bar/rod, of silico-manganese steel, irregular coils (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)South Korea$18.9M
Top Destination Growth (2022 -  2023)South Korea$23.5M

Between 2022 and 2023, the exports of Bar/rod, of silico-manganese steel, irregular coils grew the fastest in South Korea ($18.9M), Japan ($17.3M), Brazil ($12.3M), China ($12.1M), and Canada ($3.56M).

Between 2022 and 2023, the fastest growing importers of Bar/rod, of silico-manganese steel, irregular coils were South Korea ($23.5M), Japan ($4.72M), Indonesia ($3.12M), Italy ($2.72M), and Turkey ($1.63M).

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Exporters of Bar/rod, of silico-manganese steel, irregular coils (2022 - 2023)

Importers of Bar/rod, of silico-manganese steel, irregular coils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bar/rod, of silico-manganese steel, irregular coils.

In 2023, market concentration measured using Shannon Entropy, was 2.97. This means that most of the exports of Bar/rod, of silico-manganese steel, irregular coils are explained by 7 countries.

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Value of Exports in Bar/rod, of silico-manganese steel, irregular coils

Net Trade

TOP NET EXPORTER (2023)China$114M
TOP NET IMPORTER (2023)United States$81.2M

This map shows which countries export or import more of Bar/rod, of silico-manganese steel, irregular coils. Each country is colored based on the difference in exports and imports of Bar/rod, of silico-manganese steel, irregular coils during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bar/rod, of silico-manganese steel, irregular coils were China ($114M), Japan ($62.7M), Canada ($60.4M), Brazil ($18.7M), and Germany ($12M).

In 2023, the countries that had a largest trade value in imports than in exports of Bar/rod, of silico-manganese steel, irregular coils were United States ($81.2M), Malaysia ($44.8M), Italy ($23.7M), Chinese Taipei ($15.5M), and United Kingdom ($9.01M).

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, of silico-manganese steel, irregular coils.
It is possible to select the main countries that export or import Bar/rod, of silico-manganese steel, irregular coils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bar/rod, of silico-manganese steel, irregular 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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