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722990 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.92BRnk 1466 / 4644
2023
Top Exporter | Top Importer $266M | $228MJapan | Germany
2023
Product Complexity 1.04Rnk 731 / 4656
2022 - 2023
Export Growth (CAGR) -18.9%Rnk 3601 / 4644
2023
Share of World Trade 0.0085%Rnk 1466 / 4644

About

Overview This page contains the latest trade data of Wire of alloy steel nes. In 2023, Wire of alloy steel nes were the world's 1466th most traded product, with a total trade of $1.92B. Between 2022 and 2023 the exports of Wire of alloy steel nes decreased by -18.9%, from $2.37B to $1.92B. Trade in Wire of alloy steel nes represent 0.0085% of total world trade.

Wire of alloy steel nes are a part of Steel Wire.

Exports In 2023 the top exporters of Wire of alloy steel nes  were Japan ($266M), China ($237M), Germany ($184M), South Korea ($172M), and Italy ($130M).

Imports In 2023 the top importers of Wire of alloy steel nes were Germany ($228M), United States ($154M), Poland ($116M), China ($100M), and India ($85.1M).

Ranking Wire of alloy steel nes ranks 731st in the Product Complexity Index (PCI).

Description Wire of alloy steel is often found in construction, automotive, and appliance industries. It is used in the production of springs, nails, gears, and many other items.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Wire of alloy steel 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)Japan$266M
Top Destination (2023)Germany$228M

In 2023 Wire of alloy steel nes were the world's 1466th most traded product (out of 4,644).

In 2023, the top exporters of Wire of alloy steel nes were Japan ($266M), China ($237M), Germany ($184M), South Korea ($172M), and Italy ($130M).

In 2023, the top importers of Wire of alloy steel nes were Germany ($228M), United States ($154M), Poland ($116M), China ($100M), and India ($85.1M).

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Exporters of Wire of alloy steel nes (2023)
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Importers of Wire of alloy steel nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Czechia$13.7M
Top Destination Growth (2022 -  2023)South Korea$9.3M

Between 2022 and 2023, the exports of Wire of alloy steel nes grew the fastest in Czechia ($13.7M), Saudi Arabia ($7.39M), Indonesia ($4.9M), Philippines ($4.03M), and Italy ($2.67M).

Between 2022 and 2023, the fastest growing importers of Wire of alloy steel nes were South Korea ($9.3M), Turkey ($7.55M), Indonesia ($6.65M), Hungary ($6.3M), and United Arab Emirates ($5.21M).

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Exporters of Wire of alloy steel nes (2022 - 2023)

Importers of Wire of alloy steel nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire of alloy steel nes.

In 2023, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Wire of alloy steel nes are explained by 19 countries.

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Value of Exports in Wire of alloy steel nes

Net Trade

TOP NET EXPORTER (2023)Japan$215M
TOP NET IMPORTER (2023)Poland$109M

This map shows which countries export or import more of Wire of alloy steel nes. Each country is colored based on the difference in exports and imports of Wire of alloy steel nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wire of alloy steel nes were Japan ($215M), China ($137M), South Korea ($129M), Turkey ($88.1M), and Sweden ($71.7M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire of alloy steel nes were Poland ($109M), United States ($82.8M), India ($71.5M), Mexico ($69.9M), and Thailand ($47.2M).

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 Wire of alloy steel nes.
It is possible to select the main countries that export or import Wire of alloy steel nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wire of alloy steel 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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