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721640 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.11BRnk 1993 / 4644
2023
Top Exporter | Top Importer $163M | $137MJapan | South Korea
2023
Product Complexity 0.7Rnk 1281 / 4656
2022 - 2023
Export Growth (CAGR) -8.15%Rnk 2488 / 4644
2023
Share of World Trade 0.0049%Rnk 1993 / 4644

About

Overview This page contains the latest trade data of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. In 2023, Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were the world's 1993rd most traded product, with a total trade of $1.11B. Between 2022 and 2023 the exports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m decreased by -8.15%, from $1.21B to $1.11B. Trade in Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m represent 0.0049% of total world trade.

Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are a part of Iron Blocks.

Exports In 2023 the top exporters of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m  were Japan ($163M), China ($160M), Italy ($117M), Turkey ($109M), and Poland ($78.1M).

Imports In 2023 the top importers of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were South Korea ($137M), Germany ($109M), United States ($87.3M), China ($50.3M), and Mexico ($47.5M).

Ranking Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m ranks 1281st in the Product Complexity Index (PCI).

Description Non-alloy steel sections, l/t, and iron are commonly used in the construction of buildings, bridges, and other structures. The sections are used to make various structural components, such as beams, columns, and girders. L/t is used to make beams, columns, and girders, while iron is used to make columns and girders.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. 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)Japan$163M
Top Destination (2023)South Korea$137M

In 2023 Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were the world's 1993rd most traded product (out of 4,644).

In 2023, the top exporters of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Japan ($163M), China ($160M), Italy ($117M), Turkey ($109M), and Poland ($78.1M).

In 2023, the top importers of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were South Korea ($137M), Germany ($109M), United States ($87.3M), China ($50.3M), and Mexico ($47.5M).

Explore Visualizations

Exporters of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m (2023)
[Click to Select a Country]

Importers of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$65.4M
Top Destination Growth (2022 -  2023)South Korea$24.4M

Between 2022 and 2023, the exports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m grew the fastest in China ($65.4M), Italy ($6.26M), Belgium ($4.79M), Singapore ($2.66M), and Hong Kong ($1.42M).

Between 2022 and 2023, the fastest growing importers of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were South Korea ($24.4M), Saudi Arabia ($14.8M), Indonesia ($13.8M), United Arab Emirates ($7.28M), and United Kingdom ($5.82M).

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Exporters of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m (2022 - 2023)

Importers of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m.

In 2023, market concentration measured using Shannon Entropy, was 4.14. This means that most of the exports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m are explained by 17 countries.

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Value of Exports in Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m

Net Trade

TOP NET EXPORTER (2023)Japan$163M
TOP NET IMPORTER (2023)South Korea$124M

This map shows which countries export or import more of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m. Each country is colored based on the difference in exports and imports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were Japan ($163M), China ($109M), Turkey ($102M), Italy ($93.2M), and Poland ($53.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m were South Korea ($124M), Germany ($82.5M), Netherlands ($38.3M), Malaysia ($27M), and Indonesia ($26M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m.
It is possible to select the main countries that export or import Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Sections,L/T,iron or non-alloy steel, nfw hot-roll/drawn/extruded > 80m 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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