Overview This page contains the latest trade data of Iron & steel. In 2021, Iron & steel were the world's 9th most traded product, with a total trade of $550B. Between 2020 and 2021 the exports of Iron & steel grew by 63.1%, from $337B to $550B. Trade in Iron & steel represent 2.61% of total world trade.
Iron & steel are a part of Metals. They include Iron & steel.
Exports In 2021 the top exporters of Iron & steel were China ($61B), Japan ($35B), Germany ($32.8B), Russia ($30.5B), and South Korea ($28B).
Imports In 2021 the top importers of Iron & steel were China ($41.9B), United States ($37.3B), Germany ($34B), Italy ($27.7B), and Turkey ($25.4B).
Tariffs In 2018 the average tariff for Iron & steel was 5.03%, making it the 79th lowest tariff using the HS2 product classification.
Ranking Iron & steel ranks 43rd in the Product Complexity Index (PCI).