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720690 (Harmonized System 1992 for 6-digit)

2022
World Trade $384MRnk 3174 / 4648
2022
Top Exporter | Top Importer $185M | $181MIndia | Italy
2022
Product Complexity -0.4Rnk 3104 / 4653
2021 - 2022
Export Growth (CAGR) 16%Rnk 1041 / 4648
2022
Share of World Trade 0.0016%Rnk 3174 / 4648

About

Overview This page contains the latest trade data of Iron or non-alloy steel, primary nes, <99.94% iron. In 2022, Iron or non-alloy steel, primary nes, <99.94% iron were the world's 3174th most traded product, with a total trade of $384M. Between 2021 and 2022 the exports of Iron or non-alloy steel, primary nes, <99.94% iron grew by 16%, from $331M to $384M. Trade in Iron or non-alloy steel, primary nes, <99.94% iron represent 0.0016% of total world trade.

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

Exports In 2022 the top exporters of Iron or non-alloy steel, primary nes, <99.94% iron  were India ($185M), China ($35.5M), Belgium ($23.1M), Sweden ($18.1M), and United States ($17.6M).

Imports In 2022 the top importers of Iron or non-alloy steel, primary nes, <99.94% iron were Italy ($181M), Germany ($46.2M), Latvia ($21.9M), Netherlands ($12.9M), and Spain ($11.9M).

Ranking Iron or non-alloy steel, primary nes, <99.94% iron ranks 3104th in the Product Complexity Index (PCI).

Description Iron or non-alloy steel is a metal alloy that contains at least 99.94% iron. It is used in various applications, including: pipes and tubes, automotive, construction, and machinery.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron or non-alloy steel, primary nes, <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.

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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)India$185M
Top Destination (2022)Italy$181M

In 2022 Iron or non-alloy steel, primary nes, <99.94% iron were the world's 3174th most traded product (out of 4,648).

In 2022, the top exporters of Iron or non-alloy steel, primary nes, <99.94% iron were India ($185M), China ($35.5M), Belgium ($23.1M), Sweden ($18.1M), and United States ($17.6M).

In 2022, the top importers of Iron or non-alloy steel, primary nes, <99.94% iron were Italy ($181M), Germany ($46.2M), Latvia ($21.9M), Netherlands ($12.9M), and Spain ($11.9M).

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Exporters of Iron or non-alloy steel, primary nes, <99.94% iron (2022)
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Importers of Iron or non-alloy steel, primary nes, <99.94% iron (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$137M
Top Destination Growth (2021 -  2022)Italy$114M

Between 2021 and 2022, the exports of Iron or non-alloy steel, primary nes, <99.94% iron grew the fastest in India ($137M), China ($15.4M), United States ($7.3M), Belgium ($3.8M), and Luxembourg ($2.96M).

Between 2021 and 2022, the fastest growing importers of Iron or non-alloy steel, primary nes, <99.94% iron were Italy ($114M), Finland ($4.91M), Latvia ($4.84M), Malaysia ($4.07M), and Singapore ($3.33M).

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Exporters of Iron or non-alloy steel, primary nes, <99.94% iron (2021 - 2022)

Importers of Iron or non-alloy steel, primary nes, <99.94% iron (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.23. This means that most of the exports of Iron or non-alloy steel, primary nes, <99.94% iron are explained by 9 countries.

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

Net Trade

TOP NET EXPORTER (2022)India$179M
TOP NET IMPORTER (2022)Italy$173M

This map shows which countries export or import more of Iron or non-alloy steel, primary nes, <99.94% iron. Each country is colored based on the difference in exports and imports of Iron or non-alloy steel, primary nes, <99.94% iron during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron or non-alloy steel, primary nes, <99.94% iron were India ($179M), China ($34.5M), Belgium ($18.9M), Sweden ($14.5M), and United States ($13.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron or non-alloy steel, primary nes, <99.94% iron were Italy ($173M), Germany ($32.6M), Latvia ($19.7M), Spain ($8.7M), and Finland ($5.63M).

Net Trade (2022)

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, primary nes, <99.94% iron.
It is possible to select the main countries that export or import Iron or non-alloy steel, primary nes, <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, primary nes, <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 (2022)

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