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721550 (Harmonized System 1996 for 6-digit)

2022
World Trade $1.71BRnk 1665 / 4769
2022
Top Exporter | Top Importer $432M | $327MItaly | Germany
2022
Product Complexity 0.35Rnk 1965 / 4776
2021 - 2022
Export Growth (CAGR) 9.17%Rnk 1746 / 4769
2022
Share of World Trade 0.0072%Rnk 1665 / 4769

About

Overview This page contains the latest trade data of Iron/Steel Rods: Cold-Formed, Not Free-Cutting. In 2022, Iron/Steel Rods: Cold-Formed, Not Free-Cutting were the world's 1665th most traded product, with a total trade of $1.71B. Between 2021 and 2022 the exports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting grew by 9.17%, from $1.57B to $1.71B. Trade in Iron/Steel Rods: Cold-Formed, Not Free-Cutting represent 0.0072% of total world trade.

Iron/Steel Rods: Cold-Formed, Not Free-Cutting are a part of Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72.

Exports In 2022 the top exporters of Iron/Steel Rods: Cold-Formed, Not Free-Cutting  were Italy ($432M), Germany ($179M), Spain ($115M), Turkey ($110M), and Czechia ($100M).

Imports In 2022 the top importers of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Germany ($327M), France ($117M), Poland ($117M), Mexico ($87.9M), and United States ($60.2M).

Ranking Iron/Steel Rods: Cold-Formed, Not Free-Cutting ranks 1965th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron/Steel Rods: Cold-Formed, Not Free-Cutting. 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)Italy$432M
Top Destination (2022)Germany$327M

In 2022 Iron/Steel Rods: Cold-Formed, Not Free-Cutting were the world's 1665th most traded product (out of 4,769).

In 2022, the top exporters of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Italy ($432M), Germany ($179M), Spain ($115M), Turkey ($110M), and Czechia ($100M).

In 2022, the top importers of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Germany ($327M), France ($117M), Poland ($117M), Mexico ($87.9M), and United States ($60.2M).

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Exporters of Iron/Steel Rods: Cold-Formed, Not Free-Cutting (2022)
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Importers of Iron/Steel Rods: Cold-Formed, Not Free-Cutting (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$66.5M
Top Destination Growth (2021 -  2022)Poland$26.8M

Between 2021 and 2022, the exports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting grew the fastest in Germany ($66.5M), Italy ($30.9M), Palestine ($24.8M), Czechia ($20.8M), and Spain ($16.4M).

Between 2021 and 2022, the fastest growing importers of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Poland ($26.8M), Israel ($26.1M), Mexico ($16.5M), Spain ($9.97M), and Slovenia ($7.7M).

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Exporters of Iron/Steel Rods: Cold-Formed, Not Free-Cutting (2021 - 2022)

Importers of Iron/Steel Rods: Cold-Formed, Not Free-Cutting (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting.

In 2022, market concentration measured using Shannon Entropy, was 4.23. This means that most of the exports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting are explained by 18 countries.

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Value of Exports in Iron/Steel Rods: Cold-Formed, Not Free-Cutting

Net Trade

TOP NET EXPORTER (2022)Italy$401M
TOP NET IMPORTER (2022)Germany$148M

This map shows which countries export or import more of Iron/Steel Rods: Cold-Formed, Not Free-Cutting. Each country is colored based on the difference in exports and imports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Italy ($401M), Turkey ($96.6M), Spain ($63.2M), Czechia ($54.4M), and Russia ($40.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Cold-Formed, Not Free-Cutting were Germany ($148M), Mexico ($84.6M), France ($54.7M), Austria ($41.8M), and Canada ($38M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron/Steel Rods: Cold-Formed, Not Free-Cutting.
It is possible to select the main countries that export or import Iron/Steel Rods: Cold-Formed, Not Free-Cutting in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron/Steel Rods: Cold-Formed, Not Free-Cutting 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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