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Iron or steel; articles, n.e.c. in chapter 73

7326 (Harmonized System 1992 for 4-digit)

2023
World Trade $63.4BRnk 63 / 1217
2023
Top Exporter | Top Importer $16.2B | $7.64BChina | United States
2023
Product Complexity 0.87Rnk 224 / 1044
2022 - 2023
Export Growth (CAGR) -4.82%Rnk 561 / 1217
2023
Share of World Trade 0.28%Rnk 63 / 1217

About

Overview This page contains the latest trade data of Other Iron Products. In 2023, Other Iron Products were the world's 63rd most traded product, with a total trade of $63.4B. Between 2022 and 2023 the exports of Other Iron Products decreased by -4.82%, from $66.6B to $63.4B. Trade in Other Iron Products represent 0.28% of total world trade.

Other Iron Products are a part of Iron/Steel Articles. They include Articles of iron or steel, nes, Articles, iron or steel nes, forged/stamped, nfw, Articles of iron or steel wire, nes, and Balls, iron/steel, forged/stamped for grinding mills.

Exports In 2023 the top exporters of Other Iron Products  were China ($16.2B), Germany ($6.69B), United States ($5.77B), Italy ($3.57B), and Mexico ($2.01B).

Imports In 2023 the top importers of Other Iron Products were United States ($7.64B), Germany ($5.92B), Mexico ($3.83B), Thailand ($3.06B), and France ($2.81B).

Ranking Other Iron Products ranks 224th in the Product Complexity Index (PCI).

Description Articles of iron or steel are used in the production of other goods. They can be made from a variety of materials, including cast iron, wrought iron, and steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Iron Products. 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$16.2B
Top Destination (2023)United States$7.64B

In 2023 Other Iron Products were the world's 63rd most traded product (out of 1,217).

In 2023, the top exporters of Other Iron Products were China ($16.2B), Germany ($6.69B), United States ($5.77B), Italy ($3.57B), and Mexico ($2.01B).

In 2023, the top importers of Other Iron Products were United States ($7.64B), Germany ($5.92B), Mexico ($3.83B), Thailand ($3.06B), and France ($2.81B).

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Exporters of Other Iron Products (2023)
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Importers of Other Iron Products (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$266M
Top Destination Growth (2022 -  2023)Thailand$386M

Between 2022 and 2023, the exports of Other Iron Products grew the fastest in Germany ($266M), France ($243M), Mexico ($196M), United Kingdom ($127M), and Malaysia ($117M).

Between 2022 and 2023, the fastest growing importers of Other Iron Products were Thailand ($386M), Malaysia ($265M), Turkey ($111M), Ireland ($87M), and Costa Rica ($86.9M).

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Exporters of Other Iron Products (2022 - 2023)

Importers of Other Iron Products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Iron Products.

In 2023, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Other Iron Products are explained by 22 countries.

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Value of Exports in Other Iron Products

Net Trade

TOP NET EXPORTER (2023)China$14.2B
TOP NET IMPORTER (2023)Thailand$2.38B

This map shows which countries export or import more of Other Iron Products. Each country is colored based on the difference in exports and imports of Other Iron Products during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other Iron Products were China ($14.2B), Italy ($2.11B), Germany ($769M), Turkey ($531M), and Chinese Taipei ($520M).

In 2023, the countries that had a largest trade value in imports than in exports of Other Iron Products were Thailand ($2.38B), United States ($1.87B), Mexico ($1.82B), France ($855M), and Australia ($735M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Other Iron Products, disaggragated by their HS6 level were Articles of iron or steel, nes ($54.2B), Articles, iron or steel nes, forged/stamped,... ($4.15B), Articles of iron or steel wire,... ($3.62B), and Balls, iron/steel, forged/stamped for grinding mills ($1.42B)

HS6 Disaggregation for Other Iron Products (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Other Iron Products.
It is possible to select the main countries that export or import Other Iron Products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Iron Products by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALCanada+ $101M
TOP IMPORT POTENTIALChina+ $335M

Other Iron Products’s highest export potential is Canada. With an export gap of $101M.  Other Iron Products’s highest import potential is China with an import gap of $335M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Other Iron Products.

Country by Relatedness

The following visualization shows the relatedness of Other Iron Products to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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