# HS 720719 Semi-Finished Products Of Iron Or No global trade...

Reported global trade in semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section reached $2.4B in 2024, with five-year annual growth of -2.9%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.7B | +11.2% | +5.9% |
| 2014 | $1.9B | +12.2% | +3.3% |
| 2015 | $1.4B | -28.9% | -3.9% |
| 2016 | $2.3B | +67.9% | +10.3% |
| 2017 | $3.5B | +52.2% | +22% |
| 2018 | $4.1B | +17.4% | +44.2% |
| 2019 | $2.8B | -31.6% | +6.9% |
| 2020 | $2.7B | -6.3% | -9% |
| 2021 | $3.2B | +20.9% | -8.2% |
| 2022 | $3.0B | -7.9% | +1.4% |
| 2023 | $2.3B | -20.9% | -4.1% |
| 2024 | $2.4B | +4.5% | -8.7% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Egypt | $528.1M | -0.2% | 13 |
| Saudi Arabia | $472.8M | +15.9% | 23 |
| Nepal | $192.2M | -14.2% | 4 |
| Taiwan | $159.9M | +43.8% | 10 |
| Tunisia | $119.8M | +71.4% | 8 |
| Indonesia | $118.0M | -21.3% | 17 |
| USA | $107.2M | +19.4% | 31 |
| Guatemala | $62.3M | +28.9% | 6 |
| Canada | $58.4M | +7.5% | 19 |
| Romania | $58.3M | +10.3% | 21 |
| India | $57.5M | +8.7% | 18 |
| Italy | $53.2M | -7.6% | 32 |

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