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721719 (Harmonized System 1992 for 6-digit)

2022
World Trade $685MRnk 2610 / 4648
2022
Top Exporter | Top Importer $143M | $54.4MChina | United States
2022
Product Complexity -0.7Rnk 3482 / 4653
2021 - 2022
Export Growth (CAGR) 3.34%Rnk 2473 / 4648
2022
Share of World Trade 0.0029%Rnk 2610 / 4648

About

Overview This page contains the latest trade data of Wire, iron or non-alloy steel, <0.25% carbon, nes. In 2022, Wire, iron or non-alloy steel, <0.25% carbon, nes were the world's 2610th most traded product, with a total trade of $685M. Between 2021 and 2022 the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes grew by 3.34%, from $663M to $685M. Trade in Wire, iron or non-alloy steel, <0.25% carbon, nes represent 0.0029% of total world trade.

Wire, iron or non-alloy steel, <0.25% carbon, nes are a part of Iron Wire.

Exports In 2022 the top exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes  were China ($143M), Spain ($59.7M), Germany ($45.9M), Belgium ($39.5M), and United States ($37.8M).

Imports In 2022 the top importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were United States ($54.4M), France ($47M), Germany ($41.8M), Kuwait ($40M), and Canada ($38.2M).

Ranking Wire, iron or non-alloy steel, <0.25% carbon, nes ranks 3482nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wire, iron or non-alloy steel, <0.25% carbon, 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.

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)China$143M
Top Destination (2022)United States$54.4M

In 2022 Wire, iron or non-alloy steel, <0.25% carbon, nes were the world's 2610th most traded product (out of 4,648).

In 2022, the top exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes were China ($143M), Spain ($59.7M), Germany ($45.9M), Belgium ($39.5M), and United States ($37.8M).

In 2022, the top importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were United States ($54.4M), France ($47M), Germany ($41.8M), Kuwait ($40M), and Canada ($38.2M).

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Exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes (2022)
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Importers of Wire, iron or non-alloy steel, <0.25% carbon, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Arab Emirates$20.5M
Top Destination Growth (2021 -  2022)Kuwait$35.1M

Between 2021 and 2022, the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes grew the fastest in United Arab Emirates ($20.5M), China ($19.9M), France ($10.9M), Saudi Arabia ($10.6M), and Singapore ($5.99M).

Between 2021 and 2022, the fastest growing importers of Wire, iron or non-alloy steel, <0.25% carbon, nes were Kuwait ($35.1M), United States ($11.6M), Romania ($11.2M), Malaysia ($5.49M), and Austria ($4.77M).

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Exporters of Wire, iron or non-alloy steel, <0.25% carbon, nes (2021 - 2022)

Importers of Wire, iron or non-alloy steel, <0.25% carbon, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire, iron or non-alloy steel, <0.25% carbon, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.59. This means that most of the exports of Wire, iron or non-alloy steel, <0.25% carbon, nes are explained by 24 countries.

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Value of Exports in Wire, iron or non-alloy steel, <0.25% carbon, nes

Net Trade

TOP NET EXPORTER (2022)China$138M
TOP NET IMPORTER (2022)Kuwait$40M

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

In 2022, the countries that had a largest trade value in exports than in imports of Wire, iron or non-alloy steel, <0.25% carbon, nes were China ($138M), Spain ($49.1M), Belgium ($32.5M), Turkey ($22.1M), and South Korea ($21.1M).

In 2022, the countries that had a largest trade value in imports than in exports of Wire, iron or non-alloy steel, <0.25% carbon, nes were Kuwait ($40M), Canada ($28.3M), France ($20.5M), Malaysia ($19.6M), and Romania ($17.1M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Wire, iron or non-alloy steel, <0.25% carbon, nes.
It is possible to select the main countries that export or import Wire, iron or non-alloy steel, <0.25% carbon, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wire, iron or non-alloy steel, <0.25% carbon, 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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