# HS 722511 Flat-Rolled global trade data overview | Yugalinks

Reported global trade in flat-rolled, width 600mm or more, of silicon-electrical steel, grain-oriented reached $3.4B in 2024, with five-year annual growth of +11.4%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $1.9B | -24.9% | -11% |
| 2014 | $2.0B | +5.5% | -9.9% |
| 2015 | $2.5B | +28.5% | +0.6% |
| 2016 | $2.2B | -14.5% | +5% |
| 2017 | $2.1B | -3.7% | +1.9% |
| 2018 | $2.3B | +8.6% | -3.7% |
| 2019 | $2.0B | -12.2% | -2.8% |
| 2020 | $1.8B | -11.5% | -5.5% |
| 2021 | $2.6B | +44.6% | +4% |
| 2022 | $4.3B | +66.4% | +28.7% |
| 2023 | $4.1B | -3.8% | +32.3% |
| 2024 | $3.4B | -16.3% | +10.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| India | $591.0M | +8.5% | 23 |
| Mexico | $455.6M | +16.5% | 19 |
| Italy | $328.2M | +15.6% | 22 |
| Turkey | $310.8M | +10.5% | 17 |
| Canada | $244.2M | +19.5% | 11 |
| United Arab Emirates | $135.7M | +14.9% | 13 |
| Brazil | $131.5M | +27.8% | 13 |
| USA | $103.8M | +9.4% | 9 |
| Netherlands | $101.6M | +43.8% | 10 |
| Austria | $91.1M | +11.1% | 12 |
| Taiwan | $66.6M | +15.9% | 10 |
| Republic of Korea | $66.3M | +27% | 6 |

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