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Pricing

720110 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.97BRnk 733 / 4644
2023
Top Exporter | Top Importer $1.88B | $1.74BBrazil | United States
2023
Product Complexity -0.77Rnk 3579 / 4656
2022 - 2023
Export Growth (CAGR) -30.5%Rnk 4240 / 4644
2023
Share of World Trade 0.022%Rnk 733 / 4644

About

Overview This page contains the latest trade data of Pig iron, non-alloy, <0.5% phosphorus. In 2023, Pig iron, non-alloy, <0.5% phosphorus were the world's 733rd most traded product, with a total trade of $4.97B. Between 2022 and 2023 the exports of Pig iron, non-alloy, <0.5% phosphorus decreased by -30.5%, from $7.15B to $4.97B. Trade in Pig iron, non-alloy, <0.5% phosphorus represent 0.022% of total world trade.

Pig iron, non-alloy, <0.5% phosphorus are a part of Pig Iron.

Exports In 2023 the top exporters of Pig iron, non-alloy, <0.5% phosphorus  were Brazil ($1.88B), Russia ($1.32B), Ukraine ($468M), South Africa ($294M), and India ($210M).

Imports In 2023 the top importers of Pig iron, non-alloy, <0.5% phosphorus were United States ($1.74B), Turkey ($710M), Italy ($707M), Poland ($303M), and Chinese Taipei ($180M).

Ranking Pig iron, non-alloy, <0.5% phosphorus ranks 3579th in the Product Complexity Index (PCI).

Description Pig iron is an impure form of iron that is used to make steel. Non-alloy refers to the lack of other elements in pig iron, typically phosphorus. In steel production, non-alloy pig iron is used to make steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pig iron, non-alloy, <0.5% phosphorus. 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, non-alloy, <0.5% phosphorus were the world's 733rd most traded product (out of 4,644).

In 2023, the top exporters of Pig iron, non-alloy, <0.5% phosphorus were Brazil ($1.88B), Russia ($1.32B), Ukraine ($468M), South Africa ($294M), and India ($210M).

In 2023, the top importers of Pig iron, non-alloy, <0.5% phosphorus were United States ($1.74B), Turkey ($710M), Italy ($707M), Poland ($303M), and Chinese Taipei ($180M).

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Exporters of Pig iron, non-alloy, <0.5% phosphorus (2023)
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Importers of Pig iron, non-alloy, <0.5% phosphorus (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Latvia$28.6M
Top Destination Growth (2022 -  2023)India$65M

Between 2022 and 2023, the exports of Pig iron, non-alloy, <0.5% phosphorus grew the fastest in Latvia ($28.6M), Italy ($26.7M), Pakistan ($26.5M), Angola ($9.72M), and France ($6.43M).

Between 2022 and 2023, the fastest growing importers of Pig iron, non-alloy, <0.5% phosphorus were India ($65M), Oman ($37.5M), Spain ($31.4M), Chinese Taipei ($30.9M), and Poland ($30.7M).

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Exporters of Pig iron, non-alloy, <0.5% phosphorus (2022 - 2023)

Importers of Pig iron, non-alloy, <0.5% phosphorus (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pig iron, non-alloy, <0.5% phosphorus.

In 2023, market concentration measured using Shannon Entropy, was 2.89. This means that most of the exports of Pig iron, non-alloy, <0.5% phosphorus are explained by 7 countries.

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Value of Exports in Pig iron, non-alloy, <0.5% phosphorus

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, non-alloy, <0.5% phosphorus. Each country is colored based on the difference in exports and imports of Pig iron, non-alloy, <0.5% phosphorus during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pig iron, non-alloy, <0.5% phosphorus were Brazil ($1.88B), Russia ($1.32B), Ukraine ($468M), South Africa ($294M), and Saudi Arabia ($138M).

In 2023, the countries that had a largest trade value in imports than in exports of Pig iron, non-alloy, <0.5% phosphorus were United States ($1.73B), Turkey ($706M), Italy ($664M), Poland ($284M), and Chinese Taipei ($176M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Pig iron, non-alloy, <0.5% phosphorus.
It is possible to select the main countries that export or import Pig iron, non-alloy, <0.5% phosphorus in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pig iron, non-alloy, <0.5% phosphorus 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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