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720712 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.1BRnk 251 / 4644
2023
Top Exporter | Top Importer $3.92B | $2.6BRussia | United States
2023
Product Complexity -0.4Rnk 3109 / 4656
2022 - 2023
Export Growth (CAGR) -15.4%Rnk 3275 / 4644
2023
Share of World Trade 0.063%Rnk 251 / 4644

About

Overview This page contains the latest trade data of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes. In 2023, Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 251st most traded product, with a total trade of $14.1B. Between 2022 and 2023 the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes decreased by -15.4%, from $16.7B to $14.1B. Trade in Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes represent 0.063% 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 2023 the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes  were Russia ($3.92B), Brazil ($2.72B), Japan ($1.17B), Oman ($965M), and China ($698M).

Imports In 2023 the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Turkey ($1.53B), Italy ($1.39B), Belgium ($1.01B), and China ($824M).

Ranking Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes ranks 3109th 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 (2023)Russia$3.92B
Top Destination (2023)United States$2.6B

In 2023 Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were the world's 251st most traded product (out of 4,644).

In 2023, the top exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Russia ($3.92B), Brazil ($2.72B), Japan ($1.17B), Oman ($965M), and China ($698M).

In 2023, the top importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were United States ($2.6B), Turkey ($1.53B), Italy ($1.39B), Belgium ($1.01B), and China ($824M).

Explore Visualizations

Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2023)
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Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Indonesia$195M
Top Destination Growth (2022 -  2023)Brazil$222M

Between 2022 and 2023, the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes grew the fastest in Indonesia ($195M), Malaysia ($96.5M), China ($86.8M), Canada ($86.3M), and Spain ($84.8M).

Between 2022 and 2023, the fastest growing importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes were Brazil ($222M), Malaysia ($139M), France ($102M), Turkey ($65.4M), and Poland ($64.5M).

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Exporters of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022 - 2023)

Importers of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes (2022 - 2023)

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 2023, market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Semi-finished bars, iron or non-alloy steel <0.25%C, rectangular, nes are explained by 13 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 (2023)Russia$3.92B
TOP NET IMPORTER (2023)United States$2.58B

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 2023.

In 2023, 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 ($3.92B), Brazil ($2.41B), Japan ($1B), Oman ($965M), and Germany ($408M).

In 2023, 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 ($2.58B), Turkey ($1.49B), Italy ($1.36B), Belgium ($944M), and Thailand ($758M).

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 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 (2023)

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