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720712 (Harmonized System 1992 for 6-digit)

2022
World Trade $15.1BRnk 242 / 4648
2022
Top Exporter | Top Importer $5.34B | $2.6BRussia | United States
2022
Product Complexity -0.45Rnk 3158 / 4653
2021 - 2022
Export Growth (CAGR) -32.6%Rnk 4470 / 4648
2022
Share of World Trade 0.064%Rnk 242 / 4648

About

Overview This page contains the latest trade data of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. In 2022, Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 242nd most traded product, with a total trade of $15.1B. Between 2021 and 2022 the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes decreased by -32.6%, from $22.4B to $15.1B. Trade in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes represent 0.064% of total world trade.

Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are a part of Semi-Finished Iron.

Exports In 2022 the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes  were Russia ($5.34B), Brazil ($2.78B), Japan ($1.2B), Oman ($797M), and Mexico ($756M).

Imports In 2022 the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.57B), China ($1.44B), Turkey ($1.33B), and Chinese Taipei ($1.07B).

Ranking Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes ranks 3158th in the Product Complexity Index (PCI).

Description Semi-finished bars are used in a variety of industries, including construction, automotive, and home appliance.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. 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 (2022)Russia$5.34B
Top Destination (2022)United States$2.6B

In 2022 Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 242nd most traded product (out of 4,648).

In 2022, the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($5.34B), Brazil ($2.78B), Japan ($1.2B), Oman ($797M), and Mexico ($756M).

In 2022, the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.57B), China ($1.44B), Turkey ($1.33B), and Chinese Taipei ($1.07B).

Explore Visualizations

Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022)
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Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$593M
Top Destination Growth (2021 -  2022)Turkey$553M

Between 2021 and 2022, the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes grew the fastest in China ($593M), Oman ($376M), South Korea ($122M), Saudi Arabia ($93.5M), and Australia ($50.7M).

Between 2021 and 2022, the fastest growing importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Turkey ($553M), China ($431M), Italy ($157M), Denmark ($133M), and North Macedonia ($63.6M).

Explore Visualizations

Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2021 - 2022)

Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes.

In 2022, market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are explained by 10 countries.

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Value of Exports in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes

Net Trade

TOP NET EXPORTER (2022)Russia$5.34B
TOP NET IMPORTER (2022)United States$2.6B

This map shows which countries export or import more of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. Each country is colored based on the difference in exports and imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($5.34B), Brazil ($2.71B), Japan ($1.09B), Oman ($797M), and Germany ($401M).

In 2022, the countries that had a largest trade value in imports than in exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Italy ($1.56B), Turkey ($1.32B), Chinese Taipei ($1.07B), and Belgium ($973M).

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 Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes.
It is possible to select the main countries that export or import Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes 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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