Sign In
Pricing

Iron or non-alloy steel, primary nes, <99.94% iron

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

View
Flow
Y-AXIS SCALE

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.

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 (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).

Explore Visualizations

Exporters of Iron or non-alloy steel, primary nes, <99.94% iron (2022)
[Click to Select a Country]

Importers of Iron or non-alloy steel, primary nes, <99.94% iron (2022)
[Click to Select a Country]

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).

Explore Visualizations

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.

Explore Visualizations

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)

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