Classification 1567 for Standard International Trade Classification (SITC).

About

Overview This page contains the latest trade data of Iron and steel. In 2018, Iron and steel were the world's 15th most traded product, with a total trade of $260B. Between 2017 and 2018 the exports of Iron and steel grew by 29.8%, from $201B to $260B. Trade in Iron and steel represent 1.36% of total world trade.

Iron and steel are a part of Manufactured goods classified chiefly by material. They include Universals, plates, and sheets, of iron or steel, Ingots and other primary forms, of iron or steel, Pig iron, spiegelelsen, sponge iron, iron or steel powders and shot, and..., Tube, pipes and fittings, of iron or steel, Iron and steel bars, rods, angles, shapes and sections (including sheet piling), Hoop and strip, of iron or steel, hot-rolled or cold-rolled, 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 ($33.3B), Russia ($19.2B), South Korea ($17.9B), Japan ($17B), and Germany ($14.6B).

Imports In 2018 the top importers of Iron and steel were United States ($23.4B), Germany ($17.5B), Italy ($14B), China ($12.6B), and South Korea ($9.38B).

Historical Data

Exporters and Importers

Top Origin (2018)China$33.3B
Top Destination (2018)United States$23.4B

In 2018 Iron and steel were the world's 15th most traded product (out of 237).

In 2018, the top exporters of Iron and steel were China ($33.3B), Russia ($19.2B), South Korea ($17.9B), Japan ($17B), and Germany ($14.6B).

In 2018, the top importers of Iron and steel were United States ($23.4B), Germany ($17.5B), Italy ($14B), China ($12.6B), and South Korea ($9.38B).

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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$11.3B
Top Destination Growth (2017 -  2018)Vietnam$7.19B

Between 2017 and 2018, the exports of Iron and steel grew the fastest in China ($11.3B), Rest of the world ($8.32B), Russia ($5.4B), Japan ($4.76B), and South Korea ($3.46B).

Between 2017 and 2018, the fastest growing importers of Iron and steel were Vietnam ($7.19B), Rest of the world ($6.97B), Thailand ($6.42B), United Arab Emirates ($3.14B), and United States ($2.89B).

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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$20.7B
TOP NET IMPORTER (2018)United States$16.2B

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 ($20.7B), Russia ($16.1B), Japan ($11.4B), Brazil ($9.36B), and South Korea ($8.52B).

In 2018, the countries that had a largest trade value in imports than in exports of Iron and steel were United States ($16.2B), Mexico ($5.64B), Thailand ($5.42B), Italy ($3.75B), and Poland ($3.37B).

Net Trade (2018)

Disaggregation

Value
Disaggregation

In 2018, the world most traded Iron and steel, disaggragated by their HS6 level were Ingots and other primary forms, of... ($93.5B), Universals, plates, and sheets, of iron... ($82B), Pig iron, spiegelelsen, sponge iron, iron... ($38B), Tube, pipes and fittings, of iron... ($33B), and Iron and steel bars, rods, angles,... ($13.9B)

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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