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721710 (Harmonized System 1996 for 6-digit)

2023
World Trade $3.2BRnk 1078 / 4766
2023
Top Exporter | Top Importer $443M | $335MItaly | United States
2023
Product Complexity -0.2Rnk 2909 / 4780
2022 - 2023
Export Growth (CAGR) -24.5%Rnk 4083 / 4766
2023
Share of World Trade 0.014%Rnk 1078 / 4766

About

Overview This page contains the latest trade data of Iron/Steel Wires: Not Coated, Possibly Polished. In 2023, Iron/Steel Wires: Not Coated, Possibly Polished were the world's 1078th most traded product, with a total trade of $3.2B. Between 2022 and 2023 the exports of Iron/Steel Wires: Not Coated, Possibly Polished decreased by -24.5%, from $4.23B to $3.2B. Trade in Iron/Steel Wires: Not Coated, Possibly Polished represent 0.014% of total world trade.

Iron/Steel Wires: Not Coated, Possibly Polished are a part of Wire of iron or non-alloy steel.

Exports In 2023 the top exporters of Iron/Steel Wires: Not Coated, Possibly Polished  were Italy ($443M), China ($442M), Germany ($323M), Spain ($153M), and Czechia ($139M).

Imports In 2023 the top importers of Iron/Steel Wires: Not Coated, Possibly Polished were United States ($335M), Germany ($266M), France ($255M), Switzerland ($204M), and Poland ($156M).

Ranking Iron/Steel Wires: Not Coated, Possibly Polished ranks 2909th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Iron/Steel Wires: Not Coated, Possibly Polished. 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)Italy$443M
Top Destination (2023)United States$335M

In 2023 Iron/Steel Wires: Not Coated, Possibly Polished were the world's 1078th most traded product (out of 4,766).

In 2023, the top exporters of Iron/Steel Wires: Not Coated, Possibly Polished were Italy ($443M), China ($442M), Germany ($323M), Spain ($153M), and Czechia ($139M).

In 2023, the top importers of Iron/Steel Wires: Not Coated, Possibly Polished were United States ($335M), Germany ($266M), France ($255M), Switzerland ($204M), and Poland ($156M).

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Exporters of Iron/Steel Wires: Not Coated, Possibly Polished (2023)
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Importers of Iron/Steel Wires: Not Coated, Possibly Polished (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$22.2M
Top Destination Growth (2022 -  2023)Ethiopia$4.07M

Between 2022 and 2023, the exports of Iron/Steel Wires: Not Coated, Possibly Polished grew the fastest in United Arab Emirates ($22.2M), Belgium ($16.4M), United Kingdom ($5.98M), Saudi Arabia ($3.95M), and United States ($3.91M).

Between 2022 and 2023, the fastest growing importers of Iron/Steel Wires: Not Coated, Possibly Polished were Ethiopia ($4.07M), Kyrgyzstan ($3.73M), Georgia ($3.49M), Djibouti ($3.42M), and Tanzania ($3.11M).

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Exporters of Iron/Steel Wires: Not Coated, Possibly Polished (2022 - 2023)

Importers of Iron/Steel Wires: Not Coated, Possibly Polished (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron/Steel Wires: Not Coated, Possibly Polished.

In 2023, market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Iron/Steel Wires: Not Coated, Possibly Polished are explained by 25 countries.

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Value of Exports in Iron/Steel Wires: Not Coated, Possibly Polished

Net Trade

TOP NET EXPORTER (2023)Italy$397M
TOP NET IMPORTER (2023)United States$279M

This map shows which countries export or import more of Iron/Steel Wires: Not Coated, Possibly Polished. Each country is colored based on the difference in exports and imports of Iron/Steel Wires: Not Coated, Possibly Polished during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Iron/Steel Wires: Not Coated, Possibly Polished were Italy ($397M), China ($387M), Spain ($107M), South Korea ($98.9M), and Mexico ($87.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Iron/Steel Wires: Not Coated, Possibly Polished were United States ($279M), France ($204M), Switzerland ($202M), Poland ($123M), and Brazil ($99.5M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Iron/Steel Wires: Not Coated, Possibly Polished.
It is possible to select the main countries that export or import Iron/Steel Wires: Not Coated, Possibly Polished in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron/Steel Wires: Not Coated, Possibly Polished 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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