# HS 731940 Of Iron Or Steel global trade data overview | Yugalinks

Reported global trade in of iron or steel reached $144.0M in 2024, with five-year annual growth of -0.7%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $162.6M | -15.6% | -9.1% |
| 2014 | $162.8M | +0.1% | -12.2% |
| 2015 | $149.2M | -8.4% | -8.2% |
| 2016 | $139.1M | -6.8% | -5.1% |
| 2017 | $170.9M | +22.8% | +1.6% |
| 2018 | $235.0M | +37.5% | +16.3% |
| 2019 | $148.8M | -36.7% | +2.3% |
| 2020 | $134.8M | -9.5% | -7.6% |
| 2021 | $146.6M | +8.8% | -14.6% |
| 2022 | $160.6M | +9.6% | +2.6% |
| 2023 | $150.4M | -6.4% | +3.7% |
| 2024 | $144.0M | -4.2% | -0.6% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Indonesia | $19.2M | -4.7% | 61 |
| USA | $15.1M | -3.9% | 52 |
| Canada | $8.7M | +3.3% | 50 |
| Malaysia | $7.6M | -1.2% | 42 |
| Philippines | $6.1M | +1.7% | 30 |
| Saudi Arabia | $5.6M | +40% | 36 |
| Republic of Korea | $4.6M | -7.2% | 38 |
| India | $4.3M | +2.8% | 42 |
| Thailand | $3.7M | -8.8% | 32 |
| China | $3.6M | -6.6% | 36 |
| Germany | $3.6M | -5.2% | 48 |
| Japan | $3.4M | -1.6% | 28 |

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