# HS 720720 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 0.25% or more of carbon reached $4.7B in 2024, with five-year annual growth of -0.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $5.0B | -27.3% | -5.8% |
| 2014 | $5.2B | +3.8% | -8.1% |
| 2015 | $3.9B | -24% | -16.9% |
| 2016 | $3.2B | -19.6% | -14.1% |
| 2017 | $3.3B | +5.8% | -13.5% |
| 2018 | $4.8B | +43.4% | +6.8% |
| 2019 | $4.8B | +0.4% | +15.1% |
| 2020 | $3.4B | -29.2% | +0.6% |
| 2021 | $5.2B | +53.8% | +3% |
| 2022 | $5.2B | -0% | +2.8% |
| 2023 | $4.7B | -10.7% | +11.2% |
| 2024 | $4.7B | +0.5% | -3.5% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Philippines | $720.8M | +2.5% | 11 |
| Taiwan | $571.9M | +6.1% | 15 |
| Indonesia | $522.4M | +0.2% | 25 |
| Dominican Republic | $342.6M | +10.6% | 11 |
| Egypt | $270.9M | -13.7% | 9 |
| Colombia | $230.3M | +49.1% | 15 |
| Kazakhstan | $202.9M | +18% | 7 |
| Italy | $135.3M | -6.3% | 30 |
| France | $123.5M | -14% | 33 |
| Saudi Arabia | $109.4M | +7.7% | 15 |
| Germany | $102.3M | +1.3% | 40 |
| Republic of Korea | $100.1M | -6.7% | 16 |

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