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Alloy steel bars, rods, shapes and sections; hollow drill bars and rods, of alloy or non-alloy steel

7228 (Harmonized System 1992 for 4-digit)

2022
World Trade $15.7BRnk 268 / 1218
2022
Top Exporter | Top Importer $3.04B | $1.71BChina | Germany
2022
Product Complexity 0.24Rnk 484 / 1033
2021 - 2022
Export Growth (CAGR) 4.7%Rnk 631 / 1218
2022
Share of World Trade 0.066%Rnk 268 / 1218

About

Overview This page contains the latest trade data of Other Steel Bars. In 2022, Other Steel Bars were the world's 268th most traded product, with a total trade of $15.7B. Between 2021 and 2022 the exports of Other Steel Bars grew by 4.7%, from $15B to $15.7B. Trade in Other Steel Bars represent 0.066% of total world trade.

Other Steel Bars are a part of Iron & steel. They include Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude, Bar/rod nes, alloy steel nes, nfw cold formed/finishe, Bar/rod nes, alloy steel nes, nfw forged, Angles, shapes and sections, alloy steel, nes, Bar/rod of high speed steel not in coils, Bar/rod, alloy steel nes, Bar/rod of silico-manganese steel not in coils, and Hollow drill bars and rods of alloy/non-alloy steel.

Exports In 2022 the top exporters of Other Steel Bars  were China ($3.04B), Germany ($1.79B), Japan ($1.06B), Italy ($1.05B), and Turkey ($740M).

Imports In 2022 the top importers of Other Steel Bars were Germany ($1.71B), United States ($1.1B), Mexico ($818M), Italy ($773M), and China ($720M).

Ranking Other Steel Bars ranks 484th in the Product Complexity Index (PCI).

Description Other bars and rods of alloy steel other than stainless are used in the production of other goods. They can be made from a variety of materials, including carbon steel, chrome-molybdenum steel, nickel-chromium steel, and stainless steel.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Other Steel Bars. 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$3.04B
Top Destination (2022)Germany$1.71B

In 2022 Other Steel Bars were the world's 268th most traded product (out of 1,218).

In 2022, the top exporters of Other Steel Bars were China ($3.04B), Germany ($1.79B), Japan ($1.06B), Italy ($1.05B), and Turkey ($740M).

In 2022, the top importers of Other Steel Bars were Germany ($1.71B), United States ($1.1B), Mexico ($818M), Italy ($773M), and China ($720M).

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Exporters of Other Steel Bars (2022)
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Importers of Other Steel Bars (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$206M
Top Destination Growth (2021 -  2022)United States$438M

Between 2021 and 2022, the exports of Other Steel Bars grew the fastest in Italy ($206M), Spain ($187M), United States ($171M), Germany ($145M), and France ($137M).

Between 2021 and 2022, the fastest growing importers of Other Steel Bars were United States ($438M), Germany ($240M), Italy ($152M), Canada ($115M), and Turkey ($113M).

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Exporters of Other Steel Bars (2021 - 2022)

Importers of Other Steel Bars (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other Steel Bars.

In 2022, market concentration measured using Shannon Entropy, was 4.48. This means that most of the exports of Other Steel Bars are explained by 22 countries.

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Value of Exports in Other Steel Bars

Net Trade

TOP NET EXPORTER (2022)China$2.32B
TOP NET IMPORTER (2022)Mexico$756M

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

In 2022, the countries that had a largest trade value in exports than in imports of Other Steel Bars were China ($2.32B), Japan ($940M), Sweden ($399M), Turkey ($297M), and Russia ($289M).

In 2022, the countries that had a largest trade value in imports than in exports of Other Steel Bars were Mexico ($756M), Indonesia ($431M), Thailand ($377M), United States ($369M), and Peru ($338M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Other Steel Bars, disaggragated by their HS6 level were Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude ($8.65B), Bar/rod nes, alloy steel nes, nfw... ($2.93B), Bar/rod nes, alloy steel nes, nfw... ($1.49B), Angles, shapes and sections, alloy steel,... ($874M), and Bar/rod of high speed steel not... ($734M)

HS6 Disaggregation for Other Steel Bars (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 Other Steel Bars.
It is possible to select the main countries that export or import Other Steel Bars in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other Steel Bars by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $13M
TOP IMPORT POTENTIALChina+ $60.3M

Other Steel Bars’s highest export potential is China. With an export gap of $13M.  Other Steel Bars’s highest import potential is China with an import gap of $60.3M.

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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 Other Steel Bars.

Country by Relatedness

The following visualization shows the relatedness of Other Steel Bars 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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