Iron & steel in   China

Overview In October 2024 China's Iron & steel exports accounted up to $6.92B and imports accounted up to $2.47B, resulting in a positive trade balance of $4.44B. Between October 2023 and October 2024 the exports of China's   Iron & steel have increased by $1.68B (32.1%) from $5.24B to $6.92B, while imports decreased by $-1.06B (-30%) from $3.53B to $2.47B.

Destinations In October 2024, Iron & steel were exported mostly to Vietnam ($770M), South Korea ($482M), Saudi Arabia ($414M), Indonesia ($403M), and Turkey ($318M), and were imported mostly from Indonesia ($1.3B), Japan ($235M), South Korea ($212M), Kazakhstan ($127M), and Brazil ($121M).

Growth In October 2024, the increase in Iron & steel's year-by-year exports was explained primarily by an increase in exports to Philippines ($354M or 104%), South Korea ($148M or 37.7%), and Saudi Arabia ($103M or 99.5%). In October 2024, the decrease in Iron & steel's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-281M or -17.2%), Japan ($-206M or -42.1%), and South Korea ($-140M or -34.4%).