# HS 720429 Of Alloy Steel (Excluding Stainless) global trade...

Reported global trade in of alloy steel (excluding stainless) reached $2.3B in 2024, with five-year annual growth of +2.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $2.3B | -21.3% | -2.9% |
| 2014 | $2.5B | +7.3% | -6.6% |
| 2015 | $1.6B | -35.7% | -18.4% |
| 2016 | $1.6B | -2% | -12.2% |
| 2017 | $2.0B | +29.2% | -6.6% |
| 2018 | $2.3B | +14% | +13% |
| 2019 | $2.0B | -11.6% | +9.2% |
| 2020 | $1.9B | -4.8% | -1.4% |
| 2021 | $3.4B | +77% | +14.2% |
| 2022 | $3.0B | -13.9% | +13.2% |
| 2023 | $2.5B | -14.5% | +9.2% |
| 2024 | $2.3B | -9.2% | -12.6% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $297.4M | +14.3% | 26 |
| Turkey | $213.5M | +18.5% | 25 |
| India | $180.0M | +4.3% | 88 |
| Pakistan | $140.3M | -2.2% | 29 |
| Mexico | $137.1M | +32.8% | 12 |
| Thailand | $114.3M | +32.5% | 77 |
| China | $93.5M | +6.9% | 37 |
| Spain | $84.6M | -2.8% | 28 |
| Belgium | $84.2M | -1.4% | 39 |
| Netherlands | $82.1M | +4% | 60 |
| Egypt | $79.4M | +8.8% | 12 |
| Malaysia | $79.1M | -10.1% | 30 |

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