NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Iron or non-alloy steel in ingots, <99.94% iron

720610 (Harmonized System 1992 for 6-digit)

2023
World Trade $284MRnk 3392 / 4644
2023
Top Exporter | Top Importer $42.2M | $67.8MChina | Jordan
2023
Product Complexity -1.74Rnk 4412 / 4656
2022 - 2023
Export Growth (CAGR) -86.1%Rnk 4594 / 4644
2023
Share of World Trade 0.0013%Rnk 3392 / 4644

About

Overview This page contains the latest trade data of Iron or non-alloy steel in ingots, <99.94% iron. In 2023, Iron or non-alloy steel in ingots, <99.94% iron were the world's 3392nd most traded product, with a total trade of $284M. Between 2022 and 2023 the exports of Iron or non-alloy steel in ingots, <99.94% iron decreased by -86.1%, from $2.04B to $284M. Trade in Iron or non-alloy steel in ingots, <99.94% iron represent 0.0013% of total world trade.

Iron or non-alloy steel in ingots, <99.94% iron are a part of Iron Ingots.

Exports In 2023 the top exporters of Iron or non-alloy steel in ingots, <99.94% iron  were China ($42.2M), Iran ($41.4M), Italy ($32.4M), India ($24.7M), and Angola ($23.3M).

Imports In 2023 the top importers of Iron or non-alloy steel in ingots, <99.94% iron were Jordan ($67.8M), Guatemala ($29.2M), El Salvador ($27.4M), Spain ($25.1M), and Democratic Republic of the Congo ($14.5M).

Ranking Iron or non-alloy steel in ingots, <99.94% iron ranks 4412th in the Product Complexity Index (PCI).

Description > Iron is used in the manufacture of steel, and steel is used in a variety of industries. Iron is used in the production of steel because it is inexpensive and plentiful.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron or non-alloy steel in ingots, <99.94% iron. 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 (2023)China$42.2M
Top Destination (2023)Jordan$67.8M

In 2023 Iron or non-alloy steel in ingots, <99.94% iron were the world's 3392nd most traded product (out of 4,644).

In 2023, the top exporters of Iron or non-alloy steel in ingots, <99.94% iron were China ($42.2M), Iran ($41.4M), Italy ($32.4M), India ($24.7M), and Angola ($23.3M).

In 2023, the top importers of Iron or non-alloy steel in ingots, <99.94% iron were Jordan ($67.8M), Guatemala ($29.2M), El Salvador ($27.4M), Spain ($25.1M), and Democratic Republic of the Congo ($14.5M).

Explore Visualizations

Exporters of Iron or non-alloy steel in ingots, <99.94% iron (2023)
[Click to Select a Country]

Importers of Iron or non-alloy steel in ingots, <99.94% iron (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$20.2M
Top Destination Growth (2022 -  2023)Spain$7.28M

Between 2022 and 2023, the exports of Iron or non-alloy steel in ingots, <99.94% iron grew the fastest in India ($20.2M), South Africa ($9.66M), Iraq ($7.8M), Malaysia ($5.94M), and Angola ($5.92M).

Between 2022 and 2023, the fastest growing importers of Iron or non-alloy steel in ingots, <99.94% iron were Spain ($7.28M), Democratic Republic of the Congo ($6.03M), Georgia ($3.22M), Slovakia ($2.39M), and Senegal ($2.37M).

Explore Visualizations

Exporters of Iron or non-alloy steel in ingots, <99.94% iron (2022 - 2023)

Importers of Iron or non-alloy steel in ingots, <99.94% iron (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron or non-alloy steel in ingots, <99.94% iron.

In 2023, market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Iron or non-alloy steel in ingots, <99.94% iron are explained by 19 countries.

Explore Visualizations

Value of Exports in Iron or non-alloy steel in ingots, <99.94% iron

Net Trade

TOP NET EXPORTER (2023)Iran$41.4M
TOP NET IMPORTER (2023)Jordan$65.1M

This map shows which countries export or import more of Iron or non-alloy steel in ingots, <99.94% iron. Each country is colored based on the difference in exports and imports of Iron or non-alloy steel in ingots, <99.94% iron during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron or non-alloy steel in ingots, <99.94% iron were Iran ($41.4M), China ($33.6M), Italy ($29.5M), Angola ($23.3M), and India ($15.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron or non-alloy steel in ingots, <99.94% iron were Jordan ($65.1M), Guatemala ($29.1M), Spain ($23.6M), Saudi Arabia ($7.4M), and Czechia ($5.66M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron or non-alloy steel in ingots, <99.94% iron.
It is possible to select the main countries that export or import Iron or non-alloy steel in ingots, <99.94% iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron or non-alloy steel in ingots, <99.94% iron 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)

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