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Wire of other alloy steel

7229 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.44BRnk 651 / 1218
2022
Top Exporter | Top Importer $551M | $351MChina | Germany
2022
Product Complexity 0.95Rnk 189 / 1033
2021 - 2022
Export Growth (CAGR) -1.23%Rnk 919 / 1218
2022
Share of World Trade 0.015%Rnk 651 / 1218

About

Overview This page contains the latest trade data of Steel Wire. In 2022, Steel Wire were the world's 651st most traded product, with a total trade of $3.44B. Between 2021 and 2022 the exports of Steel Wire decreased by -1.23%, from $3.48B to $3.44B. Trade in Steel Wire represent 0.015% of total world trade.

Steel Wire are a part of Iron & steel. They include Wire of alloy steel nes, Wire of silico-manganese steel, and Wire of high speed steel.

Exports In 2022 the top exporters of Steel Wire  were China ($551M), Turkey ($305M), South Korea ($292M), Japan ($284M), and Italy ($267M).

Imports In 2022 the top importers of Steel Wire were Germany ($351M), United States ($321M), Poland ($242M), China ($152M), and Japan ($135M).

Ranking Steel Wire ranks 189th in the Product Complexity Index (PCI).

Description Wire of alloy steel other than stainless is used in the production of other goods. It can be made from a variety of materials, including iron, chromium, nickel, and molybdenum.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steel Wire. 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)China$551M
Top Destination (2022)Germany$351M

In 2022 Steel Wire were the world's 651st most traded product (out of 1,218).

In 2022, the top exporters of Steel Wire were China ($551M), Turkey ($305M), South Korea ($292M), Japan ($284M), and Italy ($267M).

In 2022, the top importers of Steel Wire were Germany ($351M), United States ($321M), Poland ($242M), China ($152M), and Japan ($135M).

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Exporters of Steel Wire (2022)
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Importers of Steel Wire (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$53M
Top Destination Growth (2021 -  2022)France$36.8M

Between 2021 and 2022, the exports of Steel Wire grew the fastest in Italy ($53M), Turkey ($35M), Germany ($32.9M), United States ($18.4M), and Belgium ($15.5M).

Between 2021 and 2022, the fastest growing importers of Steel Wire were France ($36.8M), Mexico ($20.3M), Czechia ($18.6M), Poland ($16.7M), and Austria ($16.1M).

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Exporters of Steel Wire (2021 - 2022)

Importers of Steel Wire (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steel Wire.

In 2022, market concentration measured using Shannon Entropy, was 4.38. This means that most of the exports of Steel Wire are explained by 20 countries.

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Value of Exports in Steel Wire

Net Trade

TOP NET EXPORTER (2022)China$399M
TOP NET IMPORTER (2022)United States$236M

This map shows which countries export or import more of Steel Wire. Each country is colored based on the difference in exports and imports of Steel Wire during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Steel Wire were China ($399M), Turkey ($271M), South Korea ($243M), Italy ($176M), and Japan ($149M).

In 2022, the countries that had a largest trade value in imports than in exports of Steel Wire were United States ($236M), Poland ($210M), Germany ($117M), Brazil ($91M), and France ($86.7M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Steel Wire, disaggragated by their HS6 level were Wire of alloy steel nes ($2.49B) and Wire of silico-manganese steel ($951M)

HS6 Disaggregation for Steel Wire (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Steel Wire.
It is possible to select the main countries that export or import Steel Wire in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Steel Wire by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $15M
TOP IMPORT POTENTIALSouth Korea+ $5.37M

Steel Wire’s highest export potential is India. With an export gap of $15M.  Steel Wire’s highest import potential is South Korea with an import gap of $5.37M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Steel Wire.

Country by Relatedness

The following visualization shows the relatedness of Steel Wire to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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