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721310 (Harmonized System 1992 for 6-digit)

2022
World Trade $3.72BRnk 984 / 4648
2022
Top Exporter | Top Importer $568M | $520MItaly | Israel
2022
Product Complexity -0.6Rnk 3350 / 4653
2021 - 2022
Export Growth (CAGR) -12%Rnk 4055 / 4648
2022
Share of World Trade 0.016%Rnk 984 / 4648

About

Overview This page contains the latest trade data of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils. In 2022, Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were the world's 984th most traded product, with a total trade of $3.72B. Between 2021 and 2022 the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils decreased by -12%, from $4.22B to $3.72B. Trade in Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils represent 0.016% of total world trade.

Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils are a part of Hot-Rolled Iron Bars.

Exports In 2022 the top exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils  were Italy ($568M), Turkey ($445M), Germany ($443M), Portugal ($256M), and Switzerland ($222M).

Imports In 2022 the top importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Israel ($520M), Austria ($289M), Switzerland ($235M), Romania ($231M), and Germany ($193M).

Ranking Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils ranks 3350th in the Product Complexity Index (PCI).

Description Hot rolled bar/rod grooved iron or non-alloy steel is used in irregular coils for a variety of purposes, including boiler and heat exchanger tubing, oil pipes, and structural steel.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Hot rolled bar/rod grooved iron or non-alloy steel in 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 (2022)Italy$568M
Top Destination (2022)Israel$520M

In 2022 Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were the world's 984th most traded product (out of 4,648).

In 2022, the top exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Italy ($568M), Turkey ($445M), Germany ($443M), Portugal ($256M), and Switzerland ($222M).

In 2022, the top importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Israel ($520M), Austria ($289M), Switzerland ($235M), Romania ($231M), and Germany ($193M).

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Exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2022)
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Importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Arab Emirates$146M
Top Destination Growth (2021 -  2022)Spain$65.1M

Between 2021 and 2022, the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils grew the fastest in United Arab Emirates ($146M), Turkey ($146M), Portugal ($142M), Brazil ($36.9M), and France ($34.2M).

Between 2021 and 2022, the fastest growing importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Spain ($65.1M), Austria ($58.5M), United Kingdom ($42M), Switzerland ($39.3M), and Denmark ($29.7M).

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Exporters of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2021 - 2022)

Importers of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils.

In 2022, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils are explained by 20 countries.

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Value of Exports in Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils

Net Trade

TOP NET EXPORTER (2022)Italy$566M
TOP NET IMPORTER (2022)Austria$268M

This map shows which countries export or import more of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Italy ($566M), Turkey ($444M), Germany ($250M), Portugal ($233M), and United Arab Emirates ($197M).

In 2022, the countries that had a largest trade value in imports than in exports of Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils were Austria ($268M), Romania ($210M), United Kingdom ($101M), Singapore ($94.8M), and Netherlands ($92M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Hot rolled bar/rod grooved iron or non-alloy steel in 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 (2022)

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