# HS 740319 Refined global trade data overview | Yugalinks

Reported global trade in refined, unwrought, n.e.c. in item no. 7403.1 reached $5.2B in 2024, with five-year annual growth of +11.9%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $3.6B | -15.8% | -3% |
| 2014 | $3.9B | +10% | -11.3% |
| 2015 | $6.1B | +56% | +13% |
| 2016 | $4.9B | -19.8% | +11.2% |
| 2017 | $4.7B | -3.4% | +6.5% |
| 2018 | $4.3B | -8.9% | -10.9% |
| 2019 | $3.0B | -30.9% | -15.3% |
| 2020 | $1.7B | -43.7% | -29.3% |
| 2021 | $2.6B | +56.7% | -15.2% |
| 2022 | $2.8B | +5.1% | -2.5% |
| 2023 | $2.8B | +2% | +18.9% |
| 2024 | $5.2B | +85.6% | +25.7% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| China | $2.6B | +52% | 66 |
| South Africa | $540.5M | +34% | 13 |
| United Rep. of Tanzania | $434.1M | -14.7% | 5 |
| Zambia | $268.4M | +7.3% | 3 |
| Taiwan | $248.2M | +11.8% | 14 |
| Turkey | $213.7M | +29.5% | 14 |
| Mozambique | $189.6M | -2.4% | 3 |
| India | $86.5M | +13.3% | 28 |
| Republic of Korea | $76.1M | +1.4% | 16 |
| Viet Nam | $73.7M | +32.6% | 16 |
| Malaysia | $62.7M | +80.3% | 68 |
| Thailand | $57.0M | +19.4% | 19 |

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