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721391 (Harmonized System 1996 for 6-digit)

2023
World Trade $8.98BRnk 404 / 4766
2023
Top Exporter | Top Importer $1.92B | $598MChina | United States
2023
Product Complexity -0.72Rnk 3611 / 4780
2022 - 2023
Export Growth (CAGR) -27.4%Rnk 4238 / 4766
2023
Share of World Trade 0.04%Rnk 404 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled. In 2023, Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were the world's 404th most traded product, with a total trade of $8.98B. Between 2022 and 2023 the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled decreased by -27.4%, from $12.4B to $8.98B. Trade in Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled represent 0.04% of total world trade.

Iron/Steel Rods: Hot-Rolled, Thin 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, Thin Diameter, Coiled  were China ($1.92B), Germany ($712M), Russia ($472M), Malaysia ($471M), and Indonesia ($439M).

Imports In 2023 the top importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($598M), South Korea ($498M), Turkey ($418M), Thailand ($394M), and Malaysia ($305M).

Ranking Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled ranks 3611th 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: Hot-Rolled, Thin 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.

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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$1.92B
Top Destination (2023)United States$598M

In 2023 Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were the world's 404th most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were China ($1.92B), Germany ($712M), Russia ($472M), Malaysia ($471M), and Indonesia ($439M).

In 2023, the top importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($598M), South Korea ($498M), Turkey ($418M), Thailand ($394M), and Malaysia ($305M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled (2023)
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Importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$759M
Top Destination Growth (2022 -  2023)Turkey$177M

Between 2022 and 2023, the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled grew the fastest in China ($759M), Egypt ($72.5M), South Africa ($57.1M), Portugal ($36.6M), and United States ($22.9M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were Turkey ($177M), Malaysia ($94.8M), Brazil ($65.1M), Luxembourg ($42.1M), and Mexico ($24.6M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled are explained by 24 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$1.86B
TOP NET IMPORTER (2023)United States$567M

This map shows which countries export or import more of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled. Each country is colored based on the difference in exports and imports of Iron/Steel Rods: Hot-Rolled, Thin 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, Thin Diameter, Coiled were China ($1.86B), Russia ($472M), Germany ($408M), Egypt ($281M), and Indonesia ($277M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($567M), Thailand ($373M), Turkey ($276M), Philippines ($224M), and Romania ($223M).

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, Thin Diameter, Coiled.
It is possible to select the main countries that export or import Iron/Steel Rods: Hot-Rolled, Thin 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, Thin 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)

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