# HS 720421 Of Stainless Steel global trade data overview...

Reported global trade in of stainless steel reached $7.5B in 2024, with five-year annual growth of +2.3%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $7.0B | -19.1% | -10.2% |
| 2014 | $8.2B | +18.4% | -8.1% |
| 2015 | $6.2B | -25% | -10.5% |
| 2016 | $5.2B | -15.7% | -9.2% |
| 2017 | $6.5B | +25.4% | -7.5% |
| 2018 | $7.3B | +12.1% | +5.8% |
| 2019 | $6.7B | -8.3% | +8.8% |
| 2020 | $5.9B | -12.1% | -3.3% |
| 2021 | $9.7B | +64.4% | +9.8% |
| 2022 | $9.8B | +0.7% | +13.3% |
| 2023 | $8.0B | -18.5% | +10.5% |
| 2024 | $7.5B | -5.6% | -8.1% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| India | $1.4B | +0.1% | 121 |
| Belgium | $1.4B | +8.9% | 41 |
| Finland | $839.6M | +5.1% | 11 |
| Italy | $640.9M | +9.8% | 50 |
| Netherlands | $468.8M | +2.1% | 101 |
| Republic of Korea | $418.4M | +9.1% | 35 |
| Germany | $401.0M | +2.6% | 83 |
| Spain | $278.8M | -5.3% | 69 |
| USA | $260.5M | +7.1% | 54 |
| Taiwan | $234.8M | -12.2% | 37 |
| Slovenia | $141.9M | +5.2% | 24 |
| Sweden | $139.9M | +1.1% | 31 |

_Source: reported merchandise trade data. Updated 2026-08-14._