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721391 (Harmonized System 1996 for 6-digit)

2022
World Trade $12.7BRnk 296 / 4769
2022
Top Exporter | Top Importer $1.42B | $1.09BMalaysia | United States
2022
Product Complexity -0.67Rnk 3546 / 4776
2021 - 2022
Export Growth (CAGR) -0.34%Rnk 3081 / 4769
2022
Share of World Trade 0.054%Rnk 296 / 4769

About

Overview This page contains the latest trade data of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled. In 2022, Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were the world's 296th most traded product, with a total trade of $12.7B. Between 2021 and 2022 the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled decreased by -0.34%, from $12.8B to $12.7B. Trade in Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled represent 0.054% 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 2022 the top exporters of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled  were Malaysia ($1.42B), China ($1.42B), Germany ($928M), Czechia ($542M), and Japan ($534M).

Imports In 2022 the top importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($1.09B), Belgium ($676M), South Korea ($613M), Netherlands ($519M), and Germany ($508M).

Ranking Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled ranks 3546th 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 (2022)Malaysia$1.42B
Top Destination (2022)United States$1.09B

In 2022 Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were the world's 296th most traded product (out of 4,769).

In 2022, the top exporters of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were Malaysia ($1.42B), China ($1.42B), Germany ($928M), Czechia ($542M), and Japan ($534M).

In 2022, the top importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($1.09B), Belgium ($676M), South Korea ($613M), Netherlands ($519M), and Germany ($508M).

Explore Visualizations

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

Color
Top Origin Growth (2021 -  2022)China$950M
Top Destination Growth (2021 -  2022)United States$360M

Between 2021 and 2022, the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled grew the fastest in China ($950M), Malaysia ($355M), Poland ($115M), Brazil ($109M), and United Arab Emirates ($89M).

Between 2021 and 2022, the fastest growing importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were United States ($360M), Belgium ($276M), South Korea ($143M), Spain ($128M), and Czechia ($102M).

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Exporters of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled (2021 - 2022)

Importers of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.87. This means that most of the exports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled are explained by 29 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$1.29B
TOP NET IMPORTER (2022)United States$1.08B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Iron/Steel Rods: Hot-Rolled, Thin Diameter, Coiled were China ($1.29B), Malaysia ($1.23B), Russia ($463M), Germany ($419M), and United Arab Emirates ($339M).

In 2022, 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 ($1.08B), Belgium ($502M), Netherlands ($468M), Philippines ($435M), and Thailand ($397M).

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: 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 (2022)

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