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721499 (Harmonized System 1996 for 6-digit)

2023
World Trade $3.83BRnk 936 / 4766
2023
Top Exporter | Top Importer $712M | $379MChina | Germany
2023
Product Complexity -0.86Rnk 3773 / 4780
2022 - 2023
Export Growth (CAGR) -13.3%Rnk 3167 / 4766
2023
Share of World Trade 0.017%Rnk 936 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Other Shapes. In 2023, Iron/Steel Rods: Hot-Rolled, Other Shapes were the world's 936th most traded product, with a total trade of $3.83B. Between 2022 and 2023 the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes decreased by -13.3%, from $4.42B to $3.83B. Trade in Iron/Steel Rods: Hot-Rolled, Other Shapes represent 0.017% of total world trade.

Iron/Steel Rods: Hot-Rolled, Other Shapes are a part of Iron or non-alloy steel; bars and rods, not further worked than forged,....

Exports In 2023 the top exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes  were China ($712M), Italy ($368M), Japan ($294M), Poland ($253M), and Germany ($227M).

Imports In 2023 the top importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were Germany ($379M), Thailand ($290M), South Korea ($212M), Canada ($212M), and France ($170M).

Ranking Iron/Steel Rods: Hot-Rolled, Other Shapes ranks 3773rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron/Steel Rods: Hot-Rolled, Other Shapes. 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 (2023)China$712M
Top Destination (2023)Germany$379M

In 2023 Iron/Steel Rods: Hot-Rolled, Other Shapes were the world's 936th most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes were China ($712M), Italy ($368M), Japan ($294M), Poland ($253M), and Germany ($227M).

In 2023, the top importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were Germany ($379M), Thailand ($290M), South Korea ($212M), Canada ($212M), and France ($170M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes (2023)
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Importers of Iron/Steel Rods: Hot-Rolled, Other Shapes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$210M
Top Destination Growth (2022 -  2023)South Korea$156M

Between 2022 and 2023, the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes grew the fastest in China ($210M), United Arab Emirates ($123M), Algeria ($32M), Spain ($12.6M), and Kazakhstan ($11.6M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Other Shapes were South Korea ($156M), Canada ($97.6M), Senegal ($39.6M), India ($21.2M), and Uzbekistan ($12.8M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Other Shapes (2022 - 2023)

Importers of Iron/Steel Rods: Hot-Rolled, Other Shapes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Rods: Hot-Rolled, Other Shapes.

In 2023, market concentration measured using Shannon Entropy, was 4.57. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Other Shapes are explained by 23 countries.

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Value of Exports in Iron/Steel Rods: Hot-Rolled, Other Shapes

Net Trade

TOP NET EXPORTER (2023)China$681M
TOP NET IMPORTER (2023)Thailand$284M

This map shows which countries export or import more of Iron/Steel Rods: Hot-Rolled, Other Shapes. Each country is colored based on the difference in exports and imports of Iron/Steel Rods: Hot-Rolled, Other Shapes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Hot-Rolled, Other Shapes were China ($681M), Japan ($270M), Italy ($221M), Turkey ($184M), and Poland ($173M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Hot-Rolled, Other Shapes were Thailand ($284M), Germany ($151M), Canada ($125M), Mexico ($117M), and Kazakhstan ($92.7M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Iron/Steel Rods: Hot-Rolled, Other Shapes 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)

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