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Pricing

Pig iron and spiegeleisen in pigs, blocks or other primary forms

7201 (Harmonized System 1992 for 4-digit)

2023
World Trade $5.2BRnk 528 / 1217
2023
Top Exporter | Top Importer $1.88B | $1.74BBrazil | United States
2023
Product Complexity -1.06Rnk 870 / 1044
2022 - 2023
Export Growth (CAGR) -29.9%Rnk 1152 / 1217
2023
Share of World Trade 0.023%Rnk 528 / 1217

About

Overview This page contains the latest trade data of Pig Iron. In 2023, Pig Iron were the world's 528th most traded product, with a total trade of $5.2B. Between 2022 and 2023 the exports of Pig Iron decreased by -29.9%, from $7.42B to $5.2B. Trade in Pig Iron represent 0.023% of total world trade.

Pig Iron are a part of Iron & steel. They include Pig iron, non-alloy, <0.5% phosphorus, Alloy pig iron, in primary forms, Pig iron, non-alloy, >0.5% phosphorus, and Spiegeleisen in primary forms.

Exports In 2023 the top exporters of Pig Iron  were Brazil ($1.88B), Russia ($1.37B), Ukraine ($469M), South Africa ($299M), and India ($213M).

Imports In 2023 the top importers of Pig Iron were United States ($1.74B), Italy ($711M), Turkey ($711M), Poland ($312M), and Chinese Taipei ($191M).

Ranking Pig Iron ranks 870th in the Product Complexity Index (PCI).

Description Pig iron is a type of iron that has been made by melting pig iron. It's used in the production of steel, and is usually sold as a raw material. Pig iron can also be used to make other products, such as castings and foundry sand. Spiegeleisen is a type of iron that has been made by melting spiegeleisen. It's used in the production of steel, and is usually sold as a raw material.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pig Iron. 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)Brazil$1.88B
Top Destination (2023)United States$1.74B

In 2023 Pig Iron were the world's 528th most traded product (out of 1,217).

In 2023, the top exporters of Pig Iron were Brazil ($1.88B), Russia ($1.37B), Ukraine ($469M), South Africa ($299M), and India ($213M).

In 2023, the top importers of Pig Iron were United States ($1.74B), Italy ($711M), Turkey ($711M), Poland ($312M), and Chinese Taipei ($191M).

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Exporters of Pig Iron (2023)
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Importers of Pig Iron (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$33.8M
Top Destination Growth (2022 -  2023)India$88.8M

Between 2022 and 2023, the exports of Pig Iron grew the fastest in Italy ($33.8M), Latvia ($28.6M), Pakistan ($26.5M), Angola ($18.9M), and France ($16.7M).

Between 2022 and 2023, the fastest growing importers of Pig Iron were India ($88.8M), Poland ($37.5M), Oman ($35.8M), Chinese Taipei ($32M), and Spain ($27.7M).

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Exporters of Pig Iron (2022 - 2023)

Importers of Pig Iron (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pig Iron.

In 2023, market concentration measured using Shannon Entropy, was 3.06. This means that most of the exports of Pig Iron are explained by 8 countries.

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Value of Exports in Pig Iron

Net Trade

TOP NET EXPORTER (2023)Brazil$1.88B
TOP NET IMPORTER (2023)United States$1.73B

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

In 2023, the countries that had a largest trade value in exports than in imports of Pig Iron were Brazil ($1.88B), Russia ($1.37B), Ukraine ($468M), South Africa ($299M), and Saudi Arabia ($133M).

In 2023, the countries that had a largest trade value in imports than in exports of Pig Iron were United States ($1.73B), Turkey ($706M), Italy ($652M), Poland ($293M), and Spain ($187M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Pig Iron, disaggragated by their HS6 level were Pig iron, non-alloy, <0.5% phosphorus ($4.97B), Alloy pig iron, in primary forms ($202M), and Pig iron, non-alloy, >0.5% phosphorus ($31.4M)

HS6 Disaggregation for Pig Iron (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 Pig Iron.
It is possible to select the main countries that export or import Pig Iron in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pig Iron by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $35M
TOP IMPORT POTENTIALSouth Africa+ $62.4k

Pig Iron’s highest export potential is China. With an export gap of $35M.  Pig Iron’s highest import potential is South Africa with an import gap of $62.4k.

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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 Pig Iron.

Country by Relatedness

The following visualization shows the relatedness of Pig Iron 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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