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721331 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.98BRnk 408 / 4644
2023
Top Exporter | Top Importer $1.92B | $599MChina | United States
2023
Product Complexity -0.7Rnk 3496 / 4656
2022 - 2023
Export Growth (CAGR) -27.3%Rnk 4118 / 4644
2023
Share of World Trade 0.04%Rnk 408 / 4644

About

Overview This page contains the latest trade data of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%. In 2023, Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were the world's 408th most traded product, with a total trade of $8.98B. Between 2022 and 2023 the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% decreased by -27.3%, from $12.4B to $8.98B. Trade in Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% represent 0.04% of total world trade.

Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% are a part of Hot-Rolled Iron Bars.

Exports In 2023 the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%  were China ($1.92B), Germany ($714M), Russia ($472M), Malaysia ($471M), and Indonesia ($439M).

Imports In 2023 the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($599M), South Korea ($498M), Turkey ($418M), Thailand ($394M), and Malaysia ($305M).

Ranking Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% ranks 3496th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%. 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$1.92B
Top Destination (2023)United States$599M

In 2023 Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were the world's 408th most traded product (out of 4,644).

In 2023, the top exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were China ($1.92B), Germany ($714M), Russia ($472M), Malaysia ($471M), and Indonesia ($439M).

In 2023, the top importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($599M), South Korea ($498M), Turkey ($418M), Thailand ($394M), and Malaysia ($305M).

Explore Visualizations

Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2023)
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Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$758M
Top Destination Growth (2022 -  2023)Turkey$177M

Between 2022 and 2023, the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% grew the fastest in China ($758M), Egypt ($72.5M), South Africa ($57.9M), Portugal ($36.8M), and United States ($22.8M).

Between 2022 and 2023, the fastest growing importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were Turkey ($177M), Malaysia ($99.4M), Brazil ($65.3M), Luxembourg ($42.1M), and Mexico ($24.6M).

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Exporters of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2022 - 2023)

Importers of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%.

In 2023, market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% are explained by 24 countries.

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Value of Exports in Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%

Net Trade

TOP NET EXPORTER (2023)China$1.86B
TOP NET IMPORTER (2023)United States$568M

This map shows which countries export or import more of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%. Each country is colored based on the difference in exports and imports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were China ($1.86B), Russia ($472M), Germany ($409M), Egypt ($282M), and Indonesia ($277M).

In 2023, the countries that had a largest trade value in imports than in exports of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% were United States ($568M), Thailand ($373M), Turkey ($275M), Philippines ($224M), and Romania ($223M).

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 Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%.
It is possible to select the main countries that export or import Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25% 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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