721650 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded. In 2022, Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were the world's 1833rd most traded product, with a total trade of $1.4B. Between 2021 and 2022 the exports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded grew by 5.81%, from $1.33B to $1.4B. Trade in Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded represent 0.0059% of total world trade.

Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded are a part of Iron Blocks.

Exports In 2022 the top exporters of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded  were Turkey ($339M), Germany ($193M), China ($139M), Russia ($129M), and Oman ($75.4M).

Imports In 2022 the top importers of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Kazakhstan ($96.4M), Germany ($85.4M), United States ($84.8M), United Arab Emirates ($76.8M), and Indonesia ($64.5M).

Ranking Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded ranks 4123rd in the Product Complexity Index (PCI).

Description Section steel is used in the construction industry and for many other purposes. It is typically used in construction in beams and columns. It is non-alloyed and is often seen as an alternative to other structural steel types. It is also used in a variety of other applications, including plumbing and refrigeration piping, food processing equipment, and automotive parts.

Latest Data

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The following visualization shows the latest trends on Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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)Turkey$339M
Top Destination (2022)Kazakhstan$96.4M

In 2022 Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were the world's 1833rd most traded product (out of 4,648).

In 2022, the top exporters of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Turkey ($339M), Germany ($193M), China ($139M), Russia ($129M), and Oman ($75.4M).

In 2022, the top importers of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Kazakhstan ($96.4M), Germany ($85.4M), United States ($84.8M), United Arab Emirates ($76.8M), and Indonesia ($64.5M).

Explore Visualizations

Exporters of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded (2022)
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Importers of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$56.4M
Top Destination Growth (2021 -  2022)Indonesia$37.5M

Between 2021 and 2022, the exports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded grew the fastest in China ($56.4M), Germany ($33.3M), Italy ($25.6M), Singapore ($19.2M), and India ($14.7M).

Between 2021 and 2022, the fastest growing importers of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Indonesia ($37.5M), Germany ($17.7M), Hungary ($15.3M), South Korea ($14.5M), and France ($12.6M).

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Exporters of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded (2021 - 2022)

Importers of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded.

In 2022, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded are explained by 17 countries.

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Value of Exports in Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded

Net Trade

TOP NET EXPORTER (2022)Turkey$322M
TOP NET IMPORTER (2022)Kazakhstan$89.4M

This map shows which countries export or import more of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded. Each country is colored based on the difference in exports and imports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Turkey ($322M), Russia ($120M), China ($120M), Germany ($107M), and Oman ($73M).

In 2022, the countries that had a largest trade value in imports than in exports of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded were Kazakhstan ($89.4M), United States ($73.5M), United Arab Emirates ($68.9M), Indonesia ($63.8M), and Saudi Arabia ($32.6M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded.
It is possible to select the main countries that export or import Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sections, nes, iron or non-alloy steel, nfw hot-roll/drawn/extruded 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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