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

721399 (Harmonized System 1996 for 6-digit)

2023
World Trade $946MRnk 2220 / 4766
2023
Top Exporter | Top Importer $167M | $110MJapan | South Korea
2023
Product Complexity 0.17Rnk 2318 / 4780
2022 - 2023
Export Growth (CAGR) -23.6%Rnk 4037 / 4766
2023
Share of World Trade 0.0042%Rnk 2220 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled. In 2023, Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were the world's 2220th most traded product, with a total trade of $946M. Between 2022 and 2023 the exports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled decreased by -23.6%, from $1.24B to $946M. Trade in Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled represent 0.0042% of total world trade.

Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled are a part of Iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils.

Exports In 2023 the top exporters of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled  were Japan ($167M), China ($163M), Egypt ($114M), Czechia ($60.3M), and Germany ($58M).

Imports In 2023 the top importers of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were South Korea ($110M), Thailand ($94.6M), United States ($77.3M), Italy ($56.2M), and Germany ($53.1M).

Ranking Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled ranks 2318th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled. 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)Japan$167M
Top Destination (2023)South Korea$110M

In 2023 Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were the world's 2220th most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were Japan ($167M), China ($163M), Egypt ($114M), Czechia ($60.3M), and Germany ($58M).

In 2023, the top importers of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were South Korea ($110M), Thailand ($94.6M), United States ($77.3M), Italy ($56.2M), and Germany ($53.1M).

Explore Visualizations

Exporters of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled (2023)
[Click to Select a Country]

Importers of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$60.2M
Top Destination Growth (2022 -  2023)Turkey$27.9M

Between 2022 and 2023, the exports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled grew the fastest in China ($60.2M), Malaysia ($18.1M), South Africa ($5.08M), Singapore ($2.07M), and Hong Kong ($1.36M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were Turkey ($27.9M), Cambodia ($7.3M), Jordan ($5.95M), Sudan ($5.15M), and Algeria ($5.15M).

Explore Visualizations

Exporters of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled (2022 - 2023)

Importers of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled are explained by 16 countries.

Explore Visualizations

Value of Exports in Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled

Net Trade

TOP NET EXPORTER (2023)Japan$151M
TOP NET IMPORTER (2023)Thailand$90.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were Japan ($151M), China ($123M), Egypt ($112M), Czechia ($52.9M), and Canada ($30.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled were Thailand ($90.3M), United States ($64.1M), South Korea ($63.5M), Saudi Arabia ($37.8M), and Turkey ($36.2M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Iron/Steel Rods: Hot-Rolled, Thick Diameter, Coiled 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