Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils

7213 (Harmonized System 1992 for 4-digit)

About

Overview This page contains the latest trade data of Hot-Rolled Iron Bars. In 2022, Hot-Rolled Iron Bars were the world's 235th most traded product, with a total trade of $18.6B. Between 2021 and 2022 the exports of Hot-Rolled Iron Bars decreased by -3.29%, from $19.2B to $18.6B. Trade in Hot-Rolled Iron Bars represent 0.079% of total world trade.

Hot-Rolled Iron Bars are a part of Iron & steel. They include Hot rolled bar/rod, iron or non-alloy steel, coiled width <14mm, C<.25%, Hot rolled bar/rod grooved iron or non-alloy steel in irregular coils, Hot rolled bar/rod, irregular coils,free cutting stee, Hot rolled bar/rod, iron or non-alloy steel, coiled, C<.25%, nes, Bar/rod, iron or non-alloy steel, irregular coils, >0.6%C, nes, Hot rolled bar/rod, iron or non-alloy steel, coiled w <14mm, C .25-.6%, and Hot rolled bar/rod, iron or non-alloy steel, coiled, C 0.25-0.6%.

Exports In 2022 the top exporters of Hot-Rolled Iron Bars  were Germany ($1.64B), China ($1.62B), Malaysia ($1.45B), Italy ($1.13B), and Turkey ($1.02B).

Imports In 2022 the top importers of Hot-Rolled Iron Bars were United States ($1.29B), Germany ($897M), Israel ($826M), South Korea ($793M), and Belgium ($744M).

Ranking Hot-Rolled Iron Bars ranks 724th in the Product Complexity Index (PCI).

Description Bars and rods of iron or non-alloy steel are used in the production of other goods. They can be made from a variety of materials, including cast iron, mild steel, stainless steel, and carbon steel.

Latest Data

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The following visualization shows the latest trends on Hot-Rolled Iron Bars. 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)Germany$1.64B
Top Destination (2022)United States$1.29B

In 2022 Hot-Rolled Iron Bars were the world's 235th most traded product (out of 1,218).

In 2022, the top exporters of Hot-Rolled Iron Bars were Germany ($1.64B), China ($1.62B), Malaysia ($1.45B), Italy ($1.13B), and Turkey ($1.02B).

In 2022, the top importers of Hot-Rolled Iron Bars were United States ($1.29B), Germany ($897M), Israel ($826M), South Korea ($793M), and Belgium ($744M).

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Exporters of Hot-Rolled Iron Bars (2022)
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Importers of Hot-Rolled Iron Bars (2022)
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Market Dynamics

Color
Top Origin Decrease (2021 -  2022)Russia-$653M
Top Destination Growth (2021 -  2022)United States$362M

Between 2021 and 2022, the fastest declining exporters of Hot-Rolled Iron Bars were Russia (-$653M), Ukraine (-$342M), India (-$318M), Vietnam (-$251M), and Iran (-$222M).

Between 2021 and 2022, the fastest growing importers of Hot-Rolled Iron Bars were United States ($362M), Belgium ($278M), South Korea ($169M), Spain ($159M), and Czechia ($118M).

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Exporters of Hot-Rolled Iron Bars (2021 - 2022)

Importers of Hot-Rolled Iron Bars (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hot-Rolled Iron Bars.

In 2022, market concentration measured using Shannon Entropy, was 5. This means that most of the exports of Hot-Rolled Iron Bars are explained by 32 countries.

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Value of Exports in Hot-Rolled Iron Bars

Net Trade

TOP NET EXPORTER (2022)China$1.37B
TOP NET IMPORTER (2022)United States$1.19B

This map shows which countries export or import more of Hot-Rolled Iron Bars. Each country is colored based on the difference in exports and imports of Hot-Rolled Iron Bars during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hot-Rolled Iron Bars were China ($1.37B), Malaysia ($1.23B), Germany ($745M), Turkey ($684M), and United Arab Emirates ($542M).

In 2022, the countries that had a largest trade value in imports than in exports of Hot-Rolled Iron Bars were United States ($1.19B), Israel ($815M), Romania ($574M), Netherlands ($542M), and Thailand ($489M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Hot-Rolled Iron Bars, disaggragated by their HS6 level were Hot rolled bar/rod, iron or non-alloy... ($12.7B), Hot rolled bar/rod grooved iron or... ($3.72B), Hot rolled bar/rod, iron or non-alloy... ($1.11B), Hot rolled bar/rod, irregular coils,free cutting... ($1.06B), and Bar/rod, iron or non-alloy steel, irregular... ($35.4M)

HS6 Disaggregation for Hot-Rolled Iron Bars (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hot-Rolled Iron Bars.
It is possible to select the main countries that export or import Hot-Rolled Iron Bars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hot-Rolled Iron Bars by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $43M
TOP IMPORT POTENTIALChina+ $10.3M

Hot-Rolled Iron Bars’s highest export potential is United States. With an export gap of $43M.  Hot-Rolled Iron Bars’s highest import potential is China with an import gap of $10.3M.

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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)

Country by Relatedness

The following visualization shows the relatedness of Hot-Rolled Iron Bars to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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