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Classification 1067 for Standard International Trade Classification (SITC).

2018
World Trade $46.4BRnk 64 / 237
2018
Top Exporter | Top Importer $10.6B | $5.82BChina | United States
2017 - 2018
Export Growth (CAGR) 29.4%Rnk 81 / 237

About

Overview This page contains the latest trade data of Iron and steel. In 2018, Iron and steel were the world's 64th most traded product, with a total trade of $46.4B. Between 2017 and 2018 the exports of Iron and steel grew by 29.4%, from $35.9B to $46.4B. Trade in Iron and steel represent 0.24% of total world trade.

Iron and steel are a part of Manufactured goods classified chiefly by material. They include Tube, pipes and fittings, of iron or steel, Iron and steel bars, rods, angles, shapes and sections (including sheet piling), Rails and railway track construction material, of iron or steel, and Iron and steel castings, forgings and stampings, in the rough state, n.e.s..

Exports In 2018 the top exporters of Iron and steel  were China ($10.6B), Germany ($4.19B), Italy ($3.88B), United States ($3.21B), and Japan ($1.96B).

Imports In 2018 the top importers of Iron and steel were United States ($5.82B), Germany ($3.62B), Canada ($1.92B), France ($1.72B), and China ($1.56B).

Historical Data

Exporters and Importers

Top Origin (2018)China$10.6B
Top Destination (2018)United States$5.82B

In 2018 Iron and steel were the world's 64th most traded product (out of 237).

In 2018, the top exporters of Iron and steel were China ($10.6B), Germany ($4.19B), Italy ($3.88B), United States ($3.21B), and Japan ($1.96B).

In 2018, the top importers of Iron and steel were United States ($5.82B), Germany ($3.62B), Canada ($1.92B), France ($1.72B), and China ($1.56B).

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Exporters of Iron and steel (2018)
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Importers of Iron and steel (2018)
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Market Dynamics

Color
Top Origin Growth (2017 -  2018)China$2.66B
Top Destination Growth (2017 -  2018)United States$1.25B

Between 2017 and 2018, the exports of Iron and steel grew the fastest in China ($2.66B), Italy ($960M), United Arab Emirates ($613M), Saudi Arabia ($511M), and India ($453M).

Between 2017 and 2018, the fastest growing importers of Iron and steel were United States ($1.25B), Saudi Arabia ($917M), Germany ($851M), United Arab Emirates ($839M), and Rest of the world ($682M).

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Exporters of Iron and steel (2017 - 2018)

Importers of Iron and steel (2017 - 2018)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Iron and steel.

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Value of Exports in Iron and steel

Net Trade

TOP NET EXPORTER (2018)China$9.01B
TOP NET IMPORTER (2018)United States$2.61B

This map shows which countries export or import more of Iron and steel. Each country is colored based on the difference in exports and imports of Iron and steel during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Iron and steel were China ($9.01B), Italy ($2.37B), Japan ($1.04B), Spain ($918M), and Ukraine ($824M).

In 2018, the countries that had a largest trade value in imports than in exports of Iron and steel were United States ($2.61B), Canada ($1.55B), Indonesia ($522M), France ($512M), and Mexico ($465M).

Net Trade (2018)

Disaggregation

Value
Disaggregation

In 2018, the world most traded Iron and steel, disaggragated by their HS6 level were Tube, pipes and fittings, of iron... ($37.3B), Iron and steel castings, forgings and... ($5.08B), Rails and railway track construction material,... ($3.23B), and Iron and steel bars, rods, angles,... ($828M)

Subgroup Disaggregation for Iron and steel (2018)
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Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Iron and steel.
It is possible to select the main countries that export or import Iron and steel in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Iron and steel by percentage of total exports

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