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721711 (Harmonized System 1992 for 6-digit)

2022
World Trade $4.7BRnk 804 / 4648
2022
Top Exporter | Top Importer $981M | $525MChina | Germany
2022
Product Complexity -0.27Rnk 2914 / 4653
2021 - 2022
Export Growth (CAGR) 18%Rnk 917 / 4648
2022
Share of World Trade 0.02%Rnk 804 / 4648

About

Overview This page contains the latest trade data of Wire, iron or non-alloy steel, not plated or coated, <0.25%C. In 2022, Wire, iron or non-alloy steel, not plated or coated, <0.25%C were the world's 804th most traded product, with a total trade of $4.7B. Between 2021 and 2022 the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C grew by 18%, from $3.98B to $4.7B. Trade in Wire, iron or non-alloy steel, not plated or coated, <0.25%C represent 0.02% of total world trade.

Wire, iron or non-alloy steel, not plated or coated, <0.25%C are a part of Iron Wire.

Exports In 2022 the top exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C  were China ($981M), Italy ($797M), Germany ($359M), Czechia ($215M), and Mexico ($152M).

Imports In 2022 the top importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were Germany ($525M), United States ($465M), Switzerland ($321M), France ($262M), and Poland ($233M).

Ranking Wire, iron or non-alloy steel, not plated or coated, <0.25%C ranks 2914th 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, not plated or coated, <0.25%C. 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$981M
Top Destination (2022)Germany$525M

In 2022 Wire, iron or non-alloy steel, not plated or coated, <0.25%C were the world's 804th most traded product (out of 4,648).

In 2022, the top exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were China ($981M), Italy ($797M), Germany ($359M), Czechia ($215M), and Mexico ($152M).

In 2022, the top importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were Germany ($525M), United States ($465M), Switzerland ($321M), France ($262M), and Poland ($233M).

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Exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2022)
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Importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$418M
Top Destination Growth (2021 -  2022)Saudi Arabia$119M

Between 2021 and 2022, the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C grew the fastest in China ($418M), Italy ($208M), Belgium ($77.4M), Mexico ($50.5M), and Austria ($35.1M).

Between 2021 and 2022, the fastest growing importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were Saudi Arabia ($119M), United States ($112M), Switzerland ($101M), Germany ($77.2M), and France ($56.5M).

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Exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2021 - 2022)

Importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C.

In 2022, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C are explained by 21 countries.

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Value of Exports in Wire, iron or non-alloy steel, not plated or coated, <0.25%C

Net Trade

TOP NET EXPORTER (2022)China$891M
TOP NET IMPORTER (2022)United States$413M

This map shows which countries export or import more of Wire, iron or non-alloy steel, not plated or coated, <0.25%C. Each country is colored based on the difference in exports and imports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were China ($891M), Italy ($745M), Russia ($116M), Czechia ($115M), and South Korea ($108M).

In 2022, the countries that had a largest trade value in imports than in exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were United States ($413M), Switzerland ($320M), Poland ($187M), France ($185M), and Germany ($166M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Wire, iron or non-alloy steel, not plated or coated, <0.25%C.
It is possible to select the main countries that export or import Wire, iron or non-alloy steel, not plated or coated, <0.25%C 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, not plated or coated, <0.25%C 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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