# HS 740313 Refined global trade data overview | Yugalinks

Reported global trade in refined, unwrought, billets reached $1.1B in 2024, with five-year annual growth of +7.5%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $898.2M | -17.9% | -0.8% |
| 2014 | $686.4M | -23.6% | -19.8% |
| 2015 | $521.5M | -24% | -21.9% |
| 2016 | $488.8M | -6.3% | -18.4% |
| 2017 | $606.9M | +24.2% | -4% |
| 2018 | $862.1M | +42.1% | +18.2% |
| 2019 | $792.4M | -8.1% | +17.5% |
| 2020 | $945.8M | +19.3% | +15.9% |
| 2021 | $1.6B | +69.7% | +23% |
| 2022 | $1.4B | -12.7% | +20.9% |
| 2023 | $1.2B | -16.9% | +7.2% |
| 2024 | $1.1B | -2.5% | -10.9% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| France | $321.0M | +7.7% | 10 |
| Germany | $207.4M | +51.1% | 18 |
| Italy | $173.4M | -2.6% | 10 |
| China | $146.6M | +1.9% | 29 |
| Austria | $117.8M | +11.4% | 2 |
| Thailand | $67.7M | +7.3% | 4 |
| India | $19.6M | +13.1% | 9 |
| Republic of Korea | $18.4M | +2.8% | 7 |
| Democratic People\'s Republic of Korea | $15.3M | +744.6% | 1 |
| Colombia | $10.5M | +309.1% | 3 |
| USA | $9.3M | -21.2% | 8 |
| Turkey | $8.1M | +3.5% | 6 |

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